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  • Writer's pictureTony Zelinski

EIA Natural Gas Storage Report 7-30-20

EIA Natural Gas Storage Report 7-30-20

Working gas in storage was 3,241 Bcf as of Friday, July 24, 2020, according to EIA estimates. This represents a net increase of 26 Bcf from the previous week. Stocks were 626 Bcf higher than last year at this time and 429 Bcf above the five-year average of 2,812 Bcf. At 3,241 Bcf, the total working gas is within the five-year historical range.

Analyst anticipate to see a build of 25 bcf, which is 31 bcf smaller than a year ago and 8 bcf smaller vs. the 5-year average.

Analyst projected the annual storage "surplus" to shrink by 130 bcf by August 28

CME Natural Gas Futures 3-15-18

Henry Hub Natural Gas Futures CME

Read more: EIA



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