EIA NG STORAGE REPORT
| July 25, 2019
July 25, 2019
The EIA reported a +36 bcf increase in inventories this week. The build was in line with both our estimate and the Bloomberg median. Regionally, our largest misses were in the South Central and Midwest again. Overestimates of net South Central draws fortunately offset overestimates for Midwest builds. Our early estimate for next week’s number is an injection close to the 50 bcf mark. At the start of the summer, low inventories in California storage pools and ongoing constraints at the Topo.....
EIA NG STORAGE REPORT
| July 18, 2019
July 18, 2019
The EIA reported a +62 bcf increase in inventories this week. The build was 3 bcf lower than our estimate and 7 bcf below the Bloomberg median. Regionally, our largest misses were in the South Central and Midwest, as we underestimated pulls from South Central salts while also underestimating builds in the Midwest. Coming in 2 bcf below the 5-year average, this week’s injection broke a 15 week streak of builds coming in above the 5-year average. Our early estimate for next week’s number is an.....
EIA NG STORAGE REPORT
| July 11, 2019
July 11, 2019
Please note our extended U.S. and Canada tables covering the withdrawal season are included in the attachment. The EIA reported a +81 bcf increase in inventories this week. The build was -1 bcf lower than our estimate and +3 bcf higher than the Bloomberg median. Regionally, our largest misses were in the South Central and East, we overestimated builds in the East and underestimated South Central non-salt injections. Our early estimate for next week’s number is an injection in the mid-60 bc.....
EIA NG STORAGE REPORT
| July 03, 2019
July 3, 2019
Please note Canadian charts are not included in this week’s report due to the early EIA release. The EIA reported a +89 bcf increase in inventories this week. The build was +5 bcf higher than our estimate and +5 bcf higher than the Bloomberg median. Our largest misses regionally were in the East and South Central non-salts, with both reporting stronger builds than our models expected. With both our flow and scrape models’ recent track record in the South Central, today’s miss within that.....
EIA NG STORAGE REPORT
| June 27, 2019
June 27, 2019
The EIA reported a +98 bcf increase in inventories this week. The build was -7 bcf lower than our estimate and -2 bcf lower than the Bloomberg median. Due to independent rounding, the individual regions totaled 100 bcf this week, making a region-by-region comparison more difficult; nonetheless the South Central accounted for the largest portion of our miss this week…
EIA NG STORAGE REPORT
| June 20, 2019
June 20, 2019
The EIA reported a +115 bcf increase in inventories this week. The build was +7 bcf higher than our estimate and +11 bcf higher than the Bloomberg median. Due to independent rounding, the regions totaled 113 bcf making it tricky to properly compare regional misses, despite this, our largest miss was in the South Central, specifically salt cavern storage. The higher than expected injection into Eastern storage is likely partially attributable to an overestimate of power burns in the region. T.....
EIA NG STORAGE REPORT
| June 13, 2019
June 13, 2019
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +102 bcf increase in inventories this week. The build was -5 bcf lower than our estimate and -7 bcf below the Bloomberg median. Making a regional comparison for the misses is somewhat challenging as the individual regional builds add to +104 bcf. That said, our final estimate for the East and Midwest were 1 bcf above the EIA reported mark each, while our Mounta.....
EIA NG STORAGE REPORT
| June 06, 2019
June 6, 2019
Since the NG market monitor will not be published during the month of June, the updated monthly balances have been included in this report. The EIA reported a +119 bcf increase in inventories this week. The build was +8 bcf higher than our estimate and +10 bcf above the Bloomberg median. While the Mountain and Pacific regions saw stronger than expected builds, South Central non-salt injections were again our largest miss. Our initial estimate for the week ending June 6th is an injection ar.....
EIA NG STORAGE REPORT
| May 30, 2019
May 30, 2019
The EIA reported a +114 bcf increase in inventories this week. This week’s build was 12 bcf higher than our estimate and 16 bcf above the Bloomberg median. The vast majority of our miss this week came from the South Central region where we underestimated the build by 8 bcf. Our initial estimate for the week ending May 30th is an injection of 113 bcf. In general, the South Central often surprises due to its lower visibility around nominations, especially in Texas. Thus, there is a limit on .....
EIA NG STORAGE REPORT
| May 23, 2019
May 23, 2019
The EIA reported a +100 bcf increase in inventories this week. This week’s build was in line with our estimate and -3 bcf below the Bloomberg median. An underestimate in the Midwest build this week was offset by an overestimate in the South Central. Our initial estimate for the week ending May 23rd is an injection of 101 bcf. While our early estimate for next week’s build on aggregate is very similar to this week’s reported number, the regional split is expected to see a significant shift......