Thursday, June 13, 2013

EIA: Storage +95 Bcf to 2.347 Tcf

The EIA reported another big natural gas storage injection this week, up 95 to 2.347 Tcf.  The weekly injection was 44% greater than last year (+66 Bcf) and 13% larger than the five year average (+84 Bcf).  The current working gas in storage level is 20.0% lower than last year (2.934 Tcf) and 2.4% below the five year average (2.405 Tcf).  The current level is now only 58 Bcf below the five year average, a differential that has been shrinking for weeks.

Temperatures last week averaged 69.3 degrees, which was 2.0 degrees warmer than last year and 1.7 degrees warmer than average.

No comments: