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.

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