Here is this weeks’ EIA natural gas storage report.  Working gas in storage was 2,754 Bcf as of Friday, May 13, 2016, according to EIA estimates.  This represents a net increase of 73 Bcf from the previous week.  Stocks were 791 Bcf higher than last year at this time and 795 Bcf above the five-year average of 1,959 Bcf.  At 2,754 Bcf, total working gas is above the five-year historical range.

Estimated 79 Bcf
Vs
Actual 73 Bcf

The US Energy Information Administration will estimate an injection of 79 Bcf to natural gas in underground storage for the reporting week that ended May 13, according to a consensus of analysts surveyed by Platts.  An injection within expectations would be less than the 98-Bcf injection reported at this time in 2015 and also less than the five-year average of a 91-Bcf build, according to EIA data.  This would also mark the second consecutive week of a below-average injection. The wider range of analysts’ expectations for this week was narrow, calling for an injection of 77 Bcf to 83 Bcf.  An injection within analysts’ expectations of 79 Bcf would grow stocks to 2.760 Tcf, 801 Bcf more than the five-year average and 797 Bcf more than the corresponding week last year.  The below-average build would help reduce the current surplus to the five-year average and to last year’s level by 12 Bcf and 19 Bcf, respectively.

05 23 16 a

05 23 16 b