U.S. Natural Gas Market Summary

EIA Short-Term Energy Outlook
See forecast highlights here>

Lower 48 Weekly Working Gas In Underground Storage
billion cubic feet

  • Working gas in storage was 3,955 Bcf as of Friday, October 23, according to EIA estimates. This represents a net increase of 29 Bcf from the previous week. Stocks were 285 Bcf higher than last year and 289 Bcf above the five-year average of 3,666 Bcf. At 3,955 Bcf, total working gas is above the five-year historical range.

Lower 48 Weekly Working Gas Stocks, minus five-year average, and near-month futures prices
price of gas at the Henry Hub in dollars per million British thermal units

  • Moving through the shoulder months of 2020, US natural gas will need to balance against high inventories and tighter y-o-y balances which should increase volatility.  Total end of October 2020 inventory is estimated to be approximately 3.96 TCF.  Some market participants see the y-o-y inventory surplus moving into a deficit in late Q420.

6-10 Day Outlooks

Temperature Probability

Precipitation Probability

8-14 Day Outlooks

Temperature Probability

Precipitation Probability

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