US natural gas storage levels building

Working gas in underground storage across the US Lower 48 was 3.2 tcf as of Nov. 9, up 39 bcf from the previous week, the US Energy Information Administration reported in its Weekly Gas Storage Report.

Stocks were 528 bcf less than for the same period last year and 601 bcf below the 5-year average of 3.8 tcf.

Separately, EIA has forecast dry gas production will average a record 83.2 bcfd in 2018 and climb to 89.6 bcfd in 2019.