Natural Gas Storage Levels Hit a Record 4 Tcf

Natural gas storage levels hit a record 4 Tcf for the week ending November 13th, as reported by the EIA this morning. Total levels increased by 15 Bcf, which was actually below expectations, which were calling for an injection in the range of 17-21 Bcf. Also, this is the first report utilizing a 5-region estimate, as the EIA has always used a 3-region estimate before. Total gas in storage is now 404 Bcf above the same period last year, and 207 Bcf above the 5-year average.