Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories for this week.
The working gas in storage for this week was brought up to 3,006 bcf as of Friday, September 10, 2021, based on EIA estimates. According to EIA, this represents a net increase of 83 bcf from the previous week, while gas stocks had 595 bcf less than last year for this exact time and 231 bcf below the 5-year average of 3,237 Bcf.
Leveling to 3,006 bcf, the total working gas can be seen as within the 5-year historical range for this season and time period.
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.