DOE EIA Weekly Gas Storage Report
Here is this weeks EIA natural gas storage report. Working gas in storage was 3,880 Bcf as of Friday, December 4, 2015, according to EIA estimates. This represents a net decline of 76 Bcf from the previous week. Stocks were 514 Bcf higher than last year at this time and 236 Bcf above the five-year average of 3,644 Bcf. At 3,880 Bcf, total working gas is above the five-year historical range.
US EIA to estimate 61-Bcf withdrawal:
vs
Actual 76 Bcf
A consensus of analysts surveyed by Platts expects the US Energy Information Administration on Thursday will estimate a natural gas storage withdrawal of between 59 Bcf and 63 Bcf for the reporting week that ended December 4. The EIA plans to announce its storage report at 10:30 a.m. EST Thursday. Withdrawal within expectations would be more than the 47-Bcf withdrawal reported at this time in 2014 and less than the 65-Bcf five year average withdrawal, according to EIA data. The wider range of analysts’ expectations for this week was for a withdrawal ranging from 48 Bcf to 67 Bcf. Last week, the EIA reported a 53-Bcf withdrawal that decreased inventories to 3.956 Tcf, which was 543 Bcf, or 15.9%, more than the year-ago inventory of 3.413 Tcf, but 247 Bcf, or 6.7%, more than the five-year average of 3.709 Tcf.