EIA NG STORAGE REPORT
| September 05, 2019
September 5, 2019
The EIA reported a +84 bcf increase in inventories this week. The build was +7 bcf higher than both our forecast and the Bloomberg median. Our largest misses this week were in the Midwest and South Central, though the magnitude of the error in the South Central is unclear due to differences between the total reported South Central number and the salt/non-salt split. Our early forecast for next week’s number is an injection in the mid-80 bcf range. The large swing in power burns this week m.....
EIA NG STORAGE REPORT
| August 29, 2019
August 29, 2019
The EIA reported a +60 bcf increase in inventories this week. The build was +2 bcf higher than our forecast and +3 bcf higher than the Bloomberg median. The only miss in our regional breakdown this week was in the Midwest where we underestimated injections. Our early forecast for next week’s number is an injection in the high 70 bcf range. Growing Northeast production and fluctuating regional power burns have not only led to swingy intraregional injections but have also resulted in volatil.....
EIA NG STORAGE REPORT
| August 22, 2019
August 22, 2019
The EIA reported a +59 bcf increase in inventories this week. The build was -3 bcf lower than our forecast and in line with the the Bloomberg median. Our overestimate of South Central non-salt injections this week was partially offset by higher than projected builds in the East and Midwest. Our early forecast for next week’s number is an injection near the mid-50 bcf mark. In last week’s report we determined our recent non-salt misses were correlated to shifts in South Central power demand.....
EIA NG STORAGE REPORT
| August 15, 2019
August 15, 2019
The EIA reported a +49 bcf increase in inventories this week. The build was -8 bcf lower than our estimate and -10 bcf lower than the Bloomberg median. For the second week in a row our overestimate in South Central non-salts proved to be our undoing. Our early estimate for next week’s number is an injection near the high 50 bcf mark. On Tuesday, we expected the South Central would be the linchpin in this week’s forecast, we assumed the Sabine Pass outage would partially mitigate both stron.....
EIA NG STORAGE REPORT
| August 08, 2019
August 8, 2019
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +55 bcf increase in inventories this week. The build was -6 bcf lower than our estimate and -5 bcf lower than the Bloomberg median. Once again South Central non-salts were our undoing, coming in 5 bcf below our estimate. Our early estimate for next week’s number is an injection around the low 50 bcf mark. In Tuesday’s report we highlighted our uncertainty regar.....
EIA NG STORAGE REPORT
| August 01, 2019
August 1, 2019
The EIA reported a +65 bcf increase in inventories this week. The build was +10 bcf higher than our estimate and +8 bcf higher than the Bloomberg median. Our large miss this week was almost entirely in the South Central region with salts drawing 6 bcf less than we expected and non-salts injecting 3 bcf more than we expected. Our early estimate for next week’s number is an injection around the mid-60 bcf mark. After a two week reprieve, non-salts returned to builds in excess of 5-year highs.....
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.....