EIA Short-Term Energy Outlook
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- 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.
- 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
8-14 Day Outlooks
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