EIA Reported Storage Build Was Right On Target With Market Expectations

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US natural gas inventories were at 2061 Bcf for the week ending April 7, 2017. The EIA estimates that US natural gas inventories will be 3861 Bcf by the end of Injection season – October 2017.

EIA Natural Gas Storage Data:

  • Total (04/07/17): 2,061 Bcf
  • Total (03/31/17): 2,051 Bcf
  • Net change: 10 Bcf
  • Implied flow: 10 Bcf
  • Year ago stocks: 2,477 Bcf
  • % change from year ago: -16.8 %
  • 5-year avg stocks: 1,798 Bcf
  • % change from 5-year avg: 14.6 %