Weekly Gas Statistics

November 25, 2020
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EIA reported a draw of -18 Bcf for the week ending 11/20/2020. This was larger than the median estimate of -13 Bcf. Today’s stat fell within the expected range, which was 35 Bcf on the more bearish end, and -47 Bcf on the more bullish

Prices were up in the five minutes following the announcement, to $2.756, from $2.750 just before 11:00am.

Inventories for the US are now at a surplus of 322 Bcf to last year and a surplus of 250 Bcf to the five-year average.

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