The U.S. EIA reported an increase in storage of 7 Bcf from the previous week. This is the first ever increase during the month of February and the earliest reported build going back to 1994. Working gas in storage was 2363 Bcf as of February 24. Mild temperatures across North America have resulted in lower natural gas demand this winter.
EIA Natural Gas Storage Data:
- Total (02/24/17): 2,363 Bcf
- Total (02/17/17): 2,356 Bcf
- Net change: 7 Bcf
- Implied flow: 7 Bcf
- Year ago stocks: 2,550 Bcf
- % change from year ago: -7.3 %
- 5-year avg stocks: 2,068 Bcf
- % change from 5-year avg: 14.3 %
