Natural Gas Inventory +65 bcf vs +58 bcf Expected

November 8, 2018 10:30 AM EST

Natural Gas Inventory +65 bcf vs +58 bcf Expected

Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(11/02/17)
5-year average
(2013-17)
Region11/02/1810/26/18net changeimplied flow Bcf% changeBcf% change
East831 826 5 5 925 -10.2 919 -9.6
Midwest980 956 24 24 1,111 -11.8 1,093 -10.3
Mountain182 180 2 2 224 -18.8 219 -16.9
Pacific265 262 3 3 317 -16.4 351 -24.5
South Central949 919 30 30 1,210 -21.6 1,246 -23.8
Salt253 234 19 19 334 -24.3 346 -26.9
Nonsalt696 686 10 10 876 -20.5 900 -22.7
Total3,208 3,143 65 65 3,788 -15.3 3,829 -16.2

Starting with the Weekly Natural Gas Storage Report (WNGSR) release on Thursday, November 15, 2018, the WNGSR history file will include a new worksheet showing the net change for each report week. You can view the new format in this test file.

Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 3,208 Bcf as of Friday, November 2, 2018, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 580 Bcf less than last year at this time and 621 Bcf below the five-year average of 3,829 Bcf. At 3,208 Bcf, total working gas is below the five-year historical range.

For information on sampling error in this report, see Estimated Measures of Sampling Variability table below.

Working Gas in Underground Storage Compared with Five-Year Range

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2013 through 2017. The dashed vertical lines indicate current and year-ago weekly periods.



Estimated measures of sampling variabilityDownload History (April 2015 to Present)
Coefficient of Variation for Stocks
% of working gas
Standard Error for Net Change
billion cubic feet (Bcf)
Region11/02/1810/26/18 net change
East0.9 0.9 0.4
Midwest0.9 0.9 0.9
Mountain1.6 1.6 0.1
Pacific0.0 0.0 0.0
South Central0.6 0.6 0.5
Salt1.9 2.0 0.4
Nonsalt0.4 0.4 0.3
Total0.4 0.4 1.1



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Commodities, ETFs, Economic Data