UPDATE: Natural Gas Inventory 52 bcf vs 55 bcf Expected
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E-mail(Updated - July 30, 2015 10:31 AM EDT)
Natural Gas Inventory 52 bcf vs 55 bcf Expected
Summary
Working gas in storage was 2,880 Bcf as of Friday, July 24, 2015, according to EIA estimates. This represents a net increase of 52 Bcf from the previous week. Stocks were 586 Bcf higher than last year at this time and 85 Bcf above the 5-year average of 2,795 Bcf. In the East Region, stocks were 60 Bcf below the 5-year average following net injections of 42 Bcf. Stocks in the Producing Region were 121 Bcf above the 5-year average of 977 Bcf after a net injection of 4 Bcf. Stocks in the West Region were 24 Bcf above the 5-year average after a net addition of 6 Bcf. At 2,880 Bcf, total working gas is within the 5-year historical range.
| Stocks billion cubic feet (Bcf) | Year ago (07/24/14) | 5-Year average (2010-2014) | |||||||||||||||||||||||
| Region | 07/24/15 | 07/17/15 | net change | implied flow | (Bcf) | % change | (Bcf) | % change | |||||||||||||||||
| East | 1,318 | 1,276 | 42 | 42 | 1,149 | 14.7 | 1,378 | -4.4 | |||||||||||||||||
| West | 464 | 458 | 6 | 6 | 379 | 22.4 | 440 | 5.5 | |||||||||||||||||
| Producing | 1,098 | 1,094 | 4 | 4 | 766 | 43.3 | 977 | 12.4 | |||||||||||||||||
| Salt | 300 | 304 | -4 | -4 | 210 | 42.9 | 207 | 44.9 | |||||||||||||||||
| Nonsalt | 797 | 790 | 7 | 7 | 557 | 43.1 | 770 | 3.5 | |||||||||||||||||
| Total | 2,880 | 2,828 | 52 | 52 | 2,294 | 25.5 | 2,795 | 3.0 | |||||||||||||||||
Following data traders are watching nat-gas futures and ETFs like United States Natural Gas (NYSE: UNG) and VS 3x Long Natural Gas ETN (NYSE: UGAZ)
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