UPDATE: Natural Gas Inventory 63 bcf vs 69 bcf Expected
- Natural Gas Inventory 63 bcf vs 69 bcf Expected
Working gas in storage was 3,877 Bcf as of Friday, October 23, 2015, according to EIA estimates. This represents a net increase of 63 Bcf from the previous week. Stocks were 409 Bcf higher than last year at this time and 153 Bcf above the 5-year average of 3,724 Bcf. In the East Region, stocks were 14 Bcf below the 5-year average following net injections of 33 Bcf. Stocks in the Producing Region were 155 Bcf above the 5-year average of 1,197 Bcf after a net injection of 23 Bcf. Stocks in the West Region were 13 Bcf above the 5-year average after a net addition of 7 Bcf. At 3,877 Bcf, total working gas is within the 5-year historical range.
Historical Comparisons | |||||||||||||||||||||||||
Stocks billion cubic feet (Bcf) | Year ago (10/23/14) | 5-Year average (2010-2014) | |||||||||||||||||||||||
Region | 10/23/15 | 10/16/15 | net change | implied flow | (Bcf) | % change | (Bcf) | % change | |||||||||||||||||
East | 1,994 | 1,961 | 33 | 33 | 1,907 | 4.6 | 2,008 | -0.7 | |||||||||||||||||
West | 531 | 524 | 7 | 7 | 489 | 8.6 | 518 | 2.5 | |||||||||||||||||
Producing | 1,352 | 1,329 | 23 | 23 | 1,072 | 26.1 | 1,197 | 12.9 | |||||||||||||||||
Salt | 366 | 357 | 9 | 9 | 296 | 23.6 | 265 | 38.1 | |||||||||||||||||
Nonsalt | 986 | 972 | 14 | 14 | 775 | 27.2 | 931 | 5.9 | |||||||||||||||||
Total | 3,877 | 3,814 | 63 | 63 | 3,468 | 11.8 | 3,724 | 4.1 | |||||||||||||||||
The U.S. Energy Information Administration previously announced upcoming changes to the Weekly Natural Gas Storage Report (WNGSR). Details of the new file formats 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
- KeyBanc raises oil price forecast for 2024 and 2025
- Gold prices slide, close to breaking below $2,300 as safe haven demand wanes
- Oil prices flat as markets await more economic cues; US inventories shrink
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!