August Natural Gas Steady Overnight as Weather Guidance Mixed
August natural gas futures were set to open Tuesday near even at around $2.863/MMBtu following Monday’s declines, with record-level production and expectations for recent summer heat to ease, keeping the bears in the driver’s seat for now.
For the weather effecting natural gas(temperatures that determine AC use) see here:
for week ending June 22, 2018 | Released: June 28, 2018 at 10:30 a.m. | Next Release: July 6, 2018
| Working gas in underground storage, Lower 48 states Summary textCSVJSN | |||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical Comparisons | |||||||||||||||||||||||||
| Stocks billion cubic feet (Bcf) | Year ago (06/22/17) | 5-year average (2013-17) | |||||||||||||||||||||||
| Region | 06/22/18 | 06/15/18 | net change | implied flow | Bcf | % change | Bcf | % change | |||||||||||||||||
| East | 430 | 406 | 24 | 24 | 533 | -19.3 | 543 | -20.8 | |||||||||||||||||
| Midwest | 425 | 401 | 24 | 24 | 673 | -36.8 | 586 | -27.5 | |||||||||||||||||
| Mountain | 133 | 127 | 6 | 6 | 184 | -27.7 | 159 | -16.4 | |||||||||||||||||
| Pacific | 251 | 246 | 5 | 5 | 280 | -10.4 | 299 | -16.1 | |||||||||||||||||
| South Central | 835 | 828 | R | 7 | 7 | 1,140 | -26.8 | 988 | -15.5 | ||||||||||||||||
| Salt | 252 | 258 | -6 | -6 | 341 | -26.1 | 289 | -12.8 | |||||||||||||||||
| Nonsalt | 583 | 570 | R | 13 | 13 | 798 | -26.9 | 699 | -16.6 | ||||||||||||||||
| Total | 2,074 | 2,008 | R | 66 | 66 | 2,809 | -26.2 | 2,575 | -19.5 | ||||||||||||||||
| R=Revised. | |||||||||||||||||||||||||
****The reported revision caused the stocks for June 15, 2018, to change from 2,004 Bcf to 2,008 Bcf. As a result, the implied net change between the weeks ending June 08 and June 15 changed from 91 Bcf to 95 Bcf.
The period below and temperatures was used for the weekly EIA number released last Thursday at 9:30am CDT:
These are the temperatures that occurred during the 7 day period that will be used for the upcoming EIA report released this week:
