Thursday, October 17, 2019

EIA Natural Gas Storage Report: Meh

First up, from the EIA:

for week ending October 11, 2019   |   Released: October 17, 2019 at 10:30 a.m.   |   Next Release: October 24, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(10/11/18)
5-year average
(2014-18)
Region 10/11/19 10/04/19 net change implied flow Bcf % change Bcf % change
East 880 854 26 26 809 8.8 871 1.0
Midwest 1,044 1,009 35 35 903 15.6 1,007 3.7
Mountain 205 203 2 2 177 15.8 207 -1.0
Pacific 296 296 0 0 264 12.1 320 -7.5
South Central 1,093 1,054 39 39 874 25.1 1,101 -0.7
   Salt 246 229 17 17 201 22.4 290 -15.2
   Nonsalt 847 825 22 22 672 26.0 811 4.4
Total 3,519 3,415 104 104 3,025 16.3 3,505 0.4

Totals may not equal sum of components because of independent rounding.

...MORE

Estimates of the build were 106 - 108 Bcf, hence 'meh'.

From the CME:

https://www.tradingview.com/x/4VeXbvAg/

2.315 up 0.012 last.