US Natural Gas Storage Projected to Tighten Ahead of Winter
NGI forecasts a 74 Bcf injection for the upcoming EIA Weekly Natural Gas Storage Report for the week ended Oct. 9.
Producers are preparing for the upcoming winter season as market observers monitor domestic supply levels. According to NGINaturalGas, the latest U.S. Energy Information Administration (EIA) Weekly Natural Gas Storage Report for the week ended Oct. 9 is forecasted to show an injection of 74 Bcf.
This projected figure represents a decrease of 11 Bcf compared to previous metrics as inventory adjustments take shape ahead of peak seasonal heating demand.
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Key Facts
- The EIA Weekly Natural Gas Storage Report covers the week ended Oct. 9.
- NGI forecasts a storage injection of 74 Bcf.
- The forecasted injection is down 11 Bcf from prior expectations.
Source: naturalgasintel.com
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