DOE Eia weekly Gas storage report 11/13/15
Here is this weeks’ EIA natural gas storage report. Working gas in storage was 3,978 Bcf as of Friday, November 6, 2015, according to EIA estimates. This represents a net increase of 49 Bcf from the previous week. Stocks were 373 Bcf higher than last year at this time and 173 Bcf above the 5-year average of 3,805 Bcf.
EIA estimate 49-53 Bcf gas
VS
Actual was 49 Bcf
A build within those expectations would boost natural gas storage stocks to a new record of 3.978 Tcf to 3.982 Tcf. It also would be more than the 47-Bcf build reported at this time a year ago, and it would more than double the 23-Bcf five-year average increase, according to EIA data. The wider range of analysts’ expectations for the week was for an injection between 28 Bcf and 78 Bcf. Stephen Schork, principal of The Schork Report, said wider ranges of estimates are not unusual at this time of the year, as the market begins to shift from injections to withdrawals.