EIA -Natural Gas Storage Report November 21, 2018

EIA -Natural Gas Storage Report November 21, 2018

The EIA reported the first withdraw of the season of -134 Bcf which was much higher than the predicted -113 Bcf.  Last year’s withdraw was -42 Bcf and the 5-year average is -25 Bcf.  Today’s withdraw widened the storage deficit by 3%.  Storage stands at 3.113 Tcf which is 17% below last years total and 19% lower than the five-year average.   The December 2018 contract is trading 18 cents higher at $4.704 MMBtu.

 

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