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Natural gas storage beats estimates, futures prices soar

April 18, 20139:39 AM BOE Report Staff

Natural gas futures courtesy CME Group

Natural gas futures intraday chart courtesy CME Group

Working gas in storage was 1,704 Bcf as of Friday, April 12, 2013, according to EIA estimates. This represents a net change of +31 Bcf beating analyst estimates of ~+42 Bcf. Stocks were 794 Bcf less than last year at this time and 74 Bcf below the 5-year average of 1,778 Bcf.

[table] [attr style=”width: 25%”]`[attr style=”width: 25%”]April 12`[attr style=”width: 25%”]April 5`[attr style=”width: 25%”]Change
East`665`646`+19
West`336`337`-1
Producing`703`690`+13
Total`1,704`1,673`+31
[/table]

Natural Gas Storage

Source: EIA

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