Significant Coal-To-Gas Switching Demand Supports NatGas

May 21, 2015

Natural gas inventories rose by 92 bcf last week, less than expectations.

 

Natural gas was last trading up by 2 percent to $2.98/mmbtu after the Energy Information Administration reported that operators injected 92 billion cubic feet into storage last week, at the lower end of analyst estimates, which ranged from 92 to 99 bcf.

The latest injection was below last year’s build of 106 bcf and above the five-year average build of 88 bcf.

 

 

In turn, inventories now stand at 1,989 bcf, which is 723 bcf above the year-ago level and 40 bcf below the five-year average (calculated using a slightly different methodology than the EIA).

 

 

 

Find your next ETF

Reset All