EIA NG STORAGE REPORT
| April 18, 2019
April 18, 2019
The EIA reported a +92 bcf increase in inventories this week. This week’s reported injection was +3 bcf higher than our estimate and +1 bcf higher than the Bloomberg median. An underestimate in South Central and East builds was partially offset by an overestimate in the Midwest. Our initial estimate for the week ending April 18th is an injection in the high 90 bcf range. As expected in our Tuesday report, the East, Midwest and South Central salt caverns all erased year-over-year deficits t.....
EIA NG STORAGE REPORT
| April 11, 2019
April 11, 2019
Please note our extended U.S. and Canada tables covering the withdrawal season are included in the attachment. The EIA reported a +25 bcf increase in inventories this week. Recalcifications included in this week’s EIA report resulted in decreased working gas stocks in both the South Central Salts and Pacific; without the reclassifications the net change week over week would have been a +29 bcf build. This week’s reported injection was +11 bcf higher than both our estimate and the Bloomberg.....
EIA NG STORAGE REPORT
| April 04, 2019
April 4, 2019
The EIA reported a +23 bcf increase in inventories this week. This week’s injection was +5 bcf higher than our estimate and +13 bcf above the Bloomberg median. Our only significant miss this week was in the South Central where we underestimated injections by +6 bcf. Our initial estimate for the week ending April 4th is an injection in the high 20 bcf range. Fundamental factors including low ERCOT burns, Sabine Pass LNG maintenance and a drop in net flows on pipelines out of the region .....
EIA NG STORAGE REPORT
| March 28, 2019
March 28, 2019
The EIA reported a -36 bcf decrease in inventories this week. This week’s draw was +4 bcf higher than our estimate and -3 bcf below the Bloomberg median. Our regional estimates were all off this week, we underestimated draws in the East and Midwest and South Central but fortunately our miss was partially offset by stronger injections in the Pacific and a net zero number in Mountain. According to our forecast, this week’s number marks the last net withdrawal of the Winter. Our initial estimat.....
EIA NG STORAGE REPORT
| March 21, 2019
March 21, 2019
The EIA reported a -47 bcf decrease in inventories this week. This week’s draw was -1 bcf lower than our estimate and -1 bcf below the Bloomberg median. The EIA revised the reported stocks for the week of March 8, 2019 from 1,186 bcf to 1,190 bcf, this caused last week’s reported change in inventory to be revised from a -204 bcf draw to a -200 bcf draw. Our initial estimate for the week ending March 21st is a draw in the 30 bcf range. While our estimate this week was close to the total r.....
EIA NG STORAGE REPORT
| March 14, 2019
March 14, 2019
The EIA reported a -204 bcf decrease in inventories this week (-205 bcf based on the regional aggregation). This week’s draw was -14 bcf lower than our estimate and -6 bcf below the Bloomberg median. Our miss this week was in two regions: the Midwest, where we overestimated draws by 4 bcf and South Central non-salts where we overestimated the draws by a hefty 8 bcf. While our models weren’t too far off this week’s huge salt draw (the second highest draw in the last 5 years), both our models .....
EIA NG STORAGE REPORT
| March 07, 2019
March 7, 2019
Please note our extended U.S. and Canada tables covering the withdrawal season are included in the attachment. The EIA reported a -149 bcf decrease in inventories this week, despite the regions totaling to a -147 bcf drop. This week’s official draw was +4 bcf higher than both our estimate and the Bloomberg median. Almost all our miss this week was in the East, where we underestimated the draw by 5 bcf. Our initial estimate for the week ending March 7th is a draw in the 220 bcf range. Wit.....
EIA NG STORAGE REPORT
| February 28, 2019
February 28, 2019
The EIA reported a -166 bcf decrease in inventories this week. This week’s draw was -5 bcf lower than our estimate and -8 bcf lower than the Bloomberg median. East, Midwest and Mountain regions all showed draws slightly below our estimate, leading to the 5 bcf miss. Our initial estimate for the week ending February 28th is a draw in the 150 bcf range. Initial nominations data has led us to revise our estimate for the coming storage week higher. Scrapes and regional balances both show stron.....
EIA NG STORAGE REPORT
| February 21, 2019
February 21, 2019
The EIA reported a -177 bcf decrease in inventories this week. This week’s draw was +2 bcf higher than our estimate and +8 bcf higher than the Bloomberg median. Our overestimate in the Mountain offset an underestimate in the South Central, keeping us close to the reported number. Our initial estimate for the week ending February 21st is a draw in the 170 bcf range. Looking ahead, if our forecast holds true for the next two weeks, we will enter March around the 1.4 tcf level. March itself h.....
EIA NG STORAGE REPORT
| February 14, 2019
February 14, 2019
The EIA reported a -78 bcf decrease in inventories this week. This week’s draw was -9 bcf lower than our estimate and -4 bcf below the Bloomberg median. Almost the entirety of our miss this week came in the Midwest where we overestimated draws by 10 bcf. Our initial estimate for the week ending February 14th is a draw in the low-170s. This week saw a massive swing in Midwest storage, after last week’s draw came in above the 5-year range this week’s draw plummeted, coming in below the 5-yea.....