Here is this weeks’ EIA natural gas storage report.  Working gas in storage was 2,825 Bcf as of Friday, May 20, 2016, according to EIA estimates. This represents a net increase of 71 Bcf from the previous week. Stocks were 756 Bcf higher than last year at this time and 769 Bcf above the five-year average of 2,056 Bcf. At 2,825 Bcf, total working gas is above the five-year historical range.

Estimated Injection 68 Bcf

Vs

Actual Injection 71 Bcf

Analysts predict build below 5-year average

A lower-than-average injection is anticipated for the third consecutive week, further reducing the surplus to the five-year average. The US Energy Information Administration will estimate an injection of 68 Bcf to gas in storage for the reporting week that ended May 20 according to a consensus of analysts surveyed by Platts. The EIA plans to release its weekly storage report at 10:30 am EDT (1530 GMT) Thursday. The expected injection would be much less than the 106-Bcf injection reported at this time in 2015 and less than the five-year average of a 97-Bcf build, according to EIA data.

 

05 27 16 a

05 27 16 b