EIA NG STORAGE REPORT
| June 03, 2021
June 3, 2021
Dear , The EIA reported a +98 bcf injection, equal to our call of +98 bcf and 3 bcf greater than the Bloomberg median of +95 bcf. Our models are currently showing storage activity of: +99, +76, +74, +70 bcf over the next four weeks for a total of+319 bcf, compared to +368 bcf for the same period last year and the five-year average of +327 bcf.
EIA NG STORAGE REPORT
| May 27, 2021
May 27, 2021
Dear , The EIA reported a +115 bcf injection, 2 bcf greater than our call of +113 bcf and 10 bcf greater than the Bloomberg median of +105 bcf. Attached to this week’s report is an updated version of the coal stocks file we introduced last week. In this version, we have added a plant-level adjustment factor to account for the model error, included the 1,146 MW Coal Creek plant, and incorporated March volumes into the dataset. We have also listed the state and EIA region for each plant, while pro.....
EIA NG STORAGE REPORT
| May 20, 2021
May 20, 2021
Dear , The EIA reported a +71 bcf injection, 5 bcf greater than our call of +66 bcf and 11 bcf greater than the Bloomberg median of +60 bcf. Over the past few months, we have been working on an ambitious project: estimating plant-level coal stocks by rank and by month for facilities that individually report data to the EIA. Version 1.0 attached alongside our usual report encompasses more than 200 coal plants totaling over 200 GW. Our models are currently showing storage activity of: +115, +89, +.....
EIA NG STORAGE REPORT
| May 13, 2021
May 13, 2021
Dear , The EIA reported a +71 bcf injection, 9 bcf less than our call of +80 bcf and 2 bcf less than the Bloomberg median of +73 bcf. The EIA reclassified 4 bcf of working gas inventory to base gas inventory in the South Central Non Salt region, resulting in an implied net flow of +75 bcf. Our models are currently showing storage activity of: +71, +118, +109, +96 bcf over the next four weeks for a total of +394 bcf, compared to +386 bcf for the same period last year and the five-year average of.....
EIA NG STORAGE REPORT
| May 06, 2021
May 6, 2021
Dear , The EIA reported a +60 bcf injection, 1 bcf greater than our call of +59 bcf and 5 bcf greater than the Bloomberg median of +65 bcf. Using the recently released 2018 EIA Manufacturing Energy Consumption Survey (MECS), we wanted to estimate the effect of supply chain disruptions in the automotive industry on industrial gas demand. Our models are currently showing storage activity of: +79, +62, +102, +97 bcf over the next four weeks for a total of +340 bcf, compared to +396 bcf for the sam.....
EIA NG STORAGE REPORT
| April 29, 2021
April 29, 2021
Dear , The EIA reported a +15 bcf injection, 13 bcf greater than our call of +2 bcf and and 6 bcf greater than the Bloomberg median of +9 bcf. Based on the sentiment of recent earnings calls, we had no reason to doubt the trend of smaller than expected storage injections would change given the positive momentum in demand that is expected to carry into the summer. Our models are currently showing storage activity of: +57, +83, +90, +88 bcf over the next four weeks for a total of +318 bcf,.....
EIA NG STORAGE REPORT
| April 22, 2021
April 22, 2021
Dear , The EIA reported a +38 bcf withdrawal, 8 bcf less than our call of +46 bcf and and 9 bcf less than the Bloomberg median of +47 bcf. This morning, Dow hosted their 1Q2021 earnings call. The numerous comments on improving market conditions and results that beat month-old guidance, which we had utilized to construct last month's more bearish view, appears to be a case of "undersell, overdeliver". Our models are currently showing storage activity of: +9, +56, +77, +75 bcf over the next four w.....
EIA NG STORAGE REPORT
| April 15, 2021
April 15, 2021
Dear , The EIA reported a +61 bcf withdrawal, 10 bcf less than our call of +71 bcf and and 6 bcf less than the Bloomberg median of +67 bcf. As noted in today’s NG Morning Summary, we have revised the methodology used in estimating daily Mexican exports, which we detail in this report. Our models are currently showing storage activity of: +50, +31, +78, +74 bcf over the next four weeks for a total of +233 bcf, compared to +321 bcf for the same period last year and the five-year average of +267 b.....
EIA NG STORAGE REPORT
| April 08, 2021
April 8, 2021
Dear , The EIA reported a +20 bcf withdrawal, 2 bcf less than our call of +22 bcf and 2 bcf greater than the Bloomberg median of +22 bcf. Our models are currently showing storage activity of: +72, +80, +69, +83 bcf over the next four weeks for a total of +304 bcf, compared to +285 bcf for the same period last year and the five-year average of +211 bcf.
EIA NG STORAGE REPORT
| April 01, 2021
April 1, 2021
Dear , The EIA reported a +14 bcf withdrawal, 7 bcf greater than our call of +21 bcf and 5 bcf greater than the Bloomberg median of +19 bcf. We see over-performing production as the main bearish summertime risk on the supply side. If large public companies that are expected to remain disciplined are already tracking to beat 2-month old production targets, then we’d expect private firms to become overachievers as well. A factor that can mitigate this and support a more bullish thesis for summer 2.....