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Natural Gas Storage Level Deviations


       
  1 Year   3 Years   5 Years   Max
Last update: February 20, 2019, 6:42 EST
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Description

This chart plots the simple difference between the actual natural gas storage inventory and year-ago inventory (light orange curve) as well as five-year average stocks (bright orange curve). It also shows the average price of natural gas prompt month futures contract (NYMEX Henry Hub - bright blue curve) as well as the latest forward curve (pale blue curve). The chart also displays our long-term storage forecast (10 weeks / 11 EIA reports - dotted line). Every Friday, the forecast is extended by one week.

Historical data is available from January 8, 2010.

The chart is interactive. You can click on any series in the legend to hide/show the data. You can also click on the chart and drag out a specific area you wish to zoom. Alternatively, use calendar filter to select a specific data range. Also, to print or download the chart, click on the "menu" button in the top right corner of the chart.

Update: every weekday + Sunday afternoon.

Source: U.S. Energy Information Administration, Bluegold Research estimates and calculations

Traders' Note

The left axis of the chart is intentionally inverted because it is assumed (but not asserted) that negative difference in storage inventory (i.e, "storage deficit") should exert an upward pressure on prices, while positive difference in storage inventory (i.e., "storage surplus") should exert a downward pressure on prices.

Related charts: Storage Inventory, Storage Flows.

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