The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 22 billion cubic feet in the week ended August 12, while analysts had forecast an increase of 27 billion.
That compared with an advance of 29 billion cubic feet in the preceding week, 52 billion a year earlier and a five-year average of 57 billion cubic feet.
Total U.S. natural gas storage stood at 3.339 trillion cubic feet, 10.9% higher than levels at this time a year ago and 13.8% above the five-year average for this time of year.
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Total U.S. natural gas storage currently stands at 3.317 trillion cubic feet, according to the U.S. Energy Information Administration, 10.9% higher than levels at this time a year ago and 13.3% above the five-year average for this time of year.
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That compares with a surprise drop of 6 billion cubic feet in the preceding week, 65 billion a year earlier and a five-year average of 53 billion cubic feet.
Total U.S. natural gas storage currently stands at 3.288 trillion cubic feet, according to the U.S. Energy Information Administration, 11.8% higher than levels at this time a year ago and 14.1% above the five-year average for this time of year.
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That compared with a build of 17 billion cubic feet in the preceding week, 41 billion a year earlier and a five-year average of 54 billion cubic feet.
Total U.S. natural gas storage stood at 3.288 trillion cubic feet, 11.8% higher than levels at this time a year ago and 14.1% above the five-year average for this time of year.
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jul 28
The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. in the week ended July 22 rose by 17 billion cubic feet, below forecasts for an increase of 26 billion.
That compared with an increase of 34 billion cubic feet in the prior week, 49 billion a year earlier and a five-year average of 52 billion cubic feet.
Total U.S. natural gas storage stood at 3.294 trillion cubic feet, 13.2% higher than levels at this time a year ago and 15.9% above the five-year average for this time of year.
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jul 12
Natural gas storage in the U.S. rose by 39 billion cubic feet last week, according to the U.S. Energy Information Administration, below forecasts for an increase of 43 billion. That compared with builds of 37 billion cubic feet in the prior week, 87 billion a year earlier and a five-year average of 77 billion cubic feet.
Total U.S. natural gas storage stood at 3.179 trillion cubic feet, 16.9% higher than levels at this time a year ago and 18.8% above the five-year average for this time of year.
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Jun 29
The U.S. Energy Information Administration's storage report
United States Natural Gas Storage
Latest Release:
Aug 18, 2016
slated for release on Thursday is expected to show a build of 48 billion cubic feet for the week ending June 24.
That compared with builds of 62 billion cubic feet in the prior week, 73 billion a year earlier and a five-year average of 78 billion cubic feet.
Total U.S. natural gas storage stood at 3.103 trillion cubic feet, 19.9% higher than levels at this time a year ago and 21.9% above the five-year average for this time of year
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May 26
gain of 73 billion cubic feet in the prior week, an increase of 112 billion cubic feet in the same week a year earlier and a five-year average rise of around 97 billion cubic feet.
Total U.S. natural gas storage stood at 2.825 trillion cubic feet, 26.8% higher than levels at this time a year ago and 27.2% above the five-year average for this time of year.
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The U.S. Energy Information Administration's storage report slated for release on Thursday is expected to show a build of approximately 70 billion cubic feet for the week ending April 22.
That compares with a gain of 7 billion cubic feet in the prior week and a five-year average rise of around 52 billion cubic feet.
Total U.S. natural gas storage stood at 2.484 trillion cubic feet as of last week, according to the U.S. Energy Information Administration, 35.4% higher than levels at this time a year ago and 32.7% above the five-year average for this time of year.
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Last Winter the guru focus was on record 4 Trillion in storage despite NG coming in below last yr and 5yr averages report after report. Looking at the weekly report shows a well-developed trend of reduced NG storage is full steam ahead for levels below last year and the 5 yr average. In the past when NG fall below those averages even the dullest of gurus cluebags fill up as NG prices spike upward. Other factors that will only add more fuel to the rally. Decimated NG rig ct off approx 94% less than 100 from 2008 peak over 1600. More importantly crude price is $40s way too low to support much enthusiasm for increased oil rig ct. Last 5-6 yrs most of the increased NG production has come from oil drilled wells approximately 40% of the product is NG. 2014 oil rig ct peaked over 1600 then dropped to less than 300 in 2016. DUC well inventory decreasing daily, this is where a large portion of NG production comes from. When that supply is burned off we will be left with depressed oil prices and decimated oil and NG rig cts. By the time the Pendulum swings back the other way NG prices will be higher much higher.
Look for the Gurus to scream shortages this winter when the NG storage comes in below last and 5yr averages
