UPDATE: Weekly Natural Gas Inventory Comes in About In-Line With Expectations
- Natural Gas Inventory 73 bcf vs 72 bcf Expected
Summary
Working gas in storage was 3,334 Bcf as of Friday, September 11, 2015, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week. Stocks were 456 Bcf higher than last year at this time and 125 Bcf above the 5-year average of 3,209 Bcf. In the East Region, stocks were 38 Bcf below the 5-year average following net injections of 50 Bcf. Stocks in the Producing Region were 149 Bcf above the 5-year average of 1,016 Bcf after a net injection of 21 Bcf. Stocks in the West Region were 13 Bcf above the 5-year average after a net addition of 2 Bcf. At 3,334 Bcf, total working gas is within the 5-year historical range.
Working gas in underground storage, lower 48 statesSummary text CSV JSN | |||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Historical Comparisons | |||||||||||||||||||||||||
Stocks billion cubic feet (Bcf) | Year ago (09/11/14) | 5-Year average (2010-2014) | |||||||||||||||||||||||
Region | 09/11/15 | 09/04/15 | net change | implied flow | (Bcf) | % change | (Bcf) | % change | |||||||||||||||||
East | 1,680 | 1,630 | 50 | 50 | 1,572 | 6.9 | 1,718 | -2.2 | |||||||||||||||||
West | 489 | 487 | 2 | 2 | 444 | 10.1 | 476 | 2.7 | |||||||||||||||||
Producing | 1,165 | 1,144 | 21 | 21 | 862 | 35.2 | 1,016 | 14.7 | |||||||||||||||||
Salt | 298 | 293 | 5 | 5 | 221 | 34.8 | 198 | 50.5 | |||||||||||||||||
Nonsalt | 867 | 851 | 16 | 16 | 641 | 35.3 | 817 | 6.1 | |||||||||||||||||
Total | 3,334 | 3,261 | 73 | 73 | 2,878 | 15.8 | 3,209 | 3.9 | |||||||||||||||||
The U.S. Energy Information Administration has announced upcoming changes to the Weekly Natural Gas Storage Report (WNGSR). Details about changes to the WNGSR can be found at: http://ir.eia.gov/ngs/notice.html.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Russia Increased Gasoline Imports from Belarus in March to Offset Fuel Shortage Risks - Reuters
- Oil prices fall on stronger dollar, weak US gasoline demand
- Oil settles higher as Russia orders output cuts, geopolitical tensions persist
Create E-mail Alert Related Categories
Commodities, ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!