EIA NG STORAGE REPORT
| April 10, 2020
April 9, 2020
Dear , The EIA reported a +38 bcf injection into inventory for the reference week, 1 bcf lower than our call of +39 bcf and 9 bcf higher than the Bloomberg median of +29 bcf. A loaf of bread has more energy than a stick of dynamite (5.8 MJ vs. 2.1 MJ), even more than a kilogram of TNT (4.2 MJ), which can obliterate a small vehicle. The main differentiating factor in their deployment is how fast that energy is released (power). The longer it takes to release energy, the less damaging they are t.....
EIA NG STORAGE REPORT
| April 03, 2020
April 2, 2020
Dear , The EIA reported a -19 bcf withdrawal from inventories this week, 11 bcf lower than our call of -30 bcf and 7 bcf lower than the Bloomberg median of -26 bcf. This report contains our balances and our end of injection season storage estimate.
EIA NG STORAGE REPORT
| April 03, 2020
April 2, 2020
Dear , The EIA reported a -19 bcf withdrawal from inventories this week, 11 bcf lower than our call of -30 bcf and 7 bcf lower than the Bloomberg median of -26 bcf. This week's report contains our balances and our end of injection season storage estimate.
EIA NG STORAGE REPORT
| March 26, 2020
March 26, 2020
Dear , The EIA reported a -29 bcf withdrawal from inventories this week, equal to our call and the Bloomberg median of -29 bcf. In this week’s report, we provide updates to our quantified impact of the Covid-19 pandemic on US natural gas balances, as well as develop the discussion of potential solutions to this worse-case scenario.
EIA NG STORAGE REPORT
| March 20, 2020
[EDITED] March 19, 2020
Note: We edited the report for style and minor wording changes. None of numbers were changed. Both the original and edited copies can be accessed through the links. Dear , The EIA reported a -9 bcf withdrawal from inventories this week, 1 bcf lower than our call of -10 bcf and 4 bcf lower than the Bloomberg median. In this week’s report, we quantify the impact of the Covid-19 pandemic on US natural gas balances based on the experiences of China and Italy. This exercise is built upon the guidel.....
EIA NG STORAGE REPORT
| March 12, 2020
March 12, 2020
Dear , The EIA reported a -48 bcf withdrawal from inventories this week, 10 bcf lower than our call of -58 bcf and 7 bcf lower than the Bloomberg median. Over the past few days, we received multiple client inquiries about the impact of lower oil prices on natural gas balances. More specifically, we were asked to quantify potential losses in associated gas volumes as a result of lower oil prices...
EIA NG STORAGE REPORT
| March 05, 2020
March 5, 2020
Dear , The EIA reported a -109 bcf withdrawal from inventories this week, 7 bcf lower than our call of -116 bcf and 1 bcf lower than the Bloomberg median. The COVID-19 outbreak may have lowered state-side industrial demand in recent weeks as a knock-on effect of reduced activity in Asian destination markets. The reduction in Asian market activity is well-illustrated through satellite imagery in a video published by the New York Times. Our models are currently showing withdrawals of: -55, -17, -1.....
EIA NG STORAGE REPORT
| February 27, 2020
February 27, 2020
Dear , The EIA reported a -143 bcf withdrawal from inventories this week, 15 bcf lower than our call of -158 bcf and 15 bcf lower than the Bloomberg median. Friday, February 14th was a very cold day in the Midwest, setting the highest demand day of the year across the footprint. The resulting sharp increase in space heating demand likely meant that molecules destined for gas-fired power plants were displaced. As a result, with limited gas-fired electric generation capacity available for dispat.....
EIA NG STORAGE REPORT
| February 20, 2020
February 20, 2020
Dear , The EIA reported a -151 bcf withdrawal from inventories this week, 2 bcf higher than our call of -149 bcf and 6 bcf higher than the Bloomberg median. Our models are currently showing withdrawals of: -147, -126,-156, -93bcf over the next four weeks for a total of -523bcf, compared to a -595 bcf for the same period last year and the five-year average draw of -403bcf.
EIA NG STORAGE REPORT
| February 13, 2020
February 13, 2020
Dear , The EIA reported a -115 bcf withdrawal from inventories this week, 1 bcf higher than our call of -114 bcf and 4 bcf higher than the Bloomberg median. Our previous week’s commentary highlighted new petrochemical demand coming online as a potential driver behind stronger than expected withdrawals in the region. Stronger petrochemical and plastics volumes reported in railroad earnings calls supported that hypothesis.