EIA reported an increase in storage of 51 Bcf for the week ending October 13. Estimates were 44-69 Bcf, with median at 53 Bcf. Weather models show cooler temperatures for the end of October and into the first week of November. Higher power burn contributed to a reduction in the rate of inventory rebuilding.
EIA Natural Gas Storage Data:
- Total (10/13/17): 3,646 Bcf
- Total (10/06/17): 3,595 Bcf
- Net change: 51 Bcf
- Implied flow: 51 Bcf
- Year ago stocks: 3,825 Bcf
- % change from year ago: -4.7 %
- 5-year avg stocks: 3,681 Bcf
- % change from 5-year avg: -1.0 %
