Thursday, May 17, 2012

EIA: Natural Gas in Storage UP 61 BCF

This is much larger than analysts had speculated, 52 to 56 (Platts) 55 (Thompson Reuters) 58 (Bloomberg) BCF. Front month futures are down 10.3 cents at $2.515.
From the U.S. Energy Information Administration:

Released: May 17, 2012 at 10:30 a.m. (eastern time) for the Week Ending May 11, 2012.
Next Release: May 24, 2012
Working Gas in Underground Storage, Lower 48
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
05/11/12 05/04/12 Change Year Ago (05/11/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East
West
Producing
Total