EIA NG STORAGE REPORT
| May 26, 2016
May 26, 2016
The EIA reported a +71 bcf injection for the week ending May 19, coming in above our own number at +64 bcf and the Bloomberg median at +67 bcf. Despite different weather patterns and the fact that our scrape sample based on pipeline flows was 8 bcf lower week-on-week, the injection and its regional breakdown was very similar to the +73 bcf build reported for the previous week. With such a difference in the distribution of the injections reported by the storage facilities that we can track, the.....
EIA NG STORAGE REPORT
| May 19, 2016
May 19, 2016
The EIA reported a +73 bcf injection for the week ending May 12, coming in below our own number at +79 bcf and the Bloomberg median at +79 bcf. Regionally, the small net injection reported by salt domes explains most of the miss compared to our expectations. As every other region reported a higher injection week-on-week, salt domes injected only +3 bcf to get within 11 bcf of the high from last November. Based on pipeline data we expected a higher injection into salt domes for the week.....
EIA NG STORAGE REPORT
| May 13, 2016
May 12, 2016
The EIA reported a +56 bcf injection for the week ending May 5, coming in below our own number at +60 bcf and in line with the Bloomberg median at +57 bcf. Regionally the South Central reported a larger build than expected the expense of Midwest and others. There will be no commentary this week. Please note our extended U.S. and Canada tables covering the injection season are included in the attachment.
EIA NG STORAGE REPORT
| May 05, 2016
May 5, 2016
The EIA reported a +68 bcf injection for the week ending April 28, coming in just below our own number at +70 bcf and in line with the Bloomberg median at +67 bcf. Regionally the Midwest reported a smaller build than expected, but salt dome facilities injected another 10 bcf to get to within 20 bcf of their high from last November. However, the scrape sample for the week ending May 5 is calling for a low single digits salt dome injection as of today. With regional weather moving towards normal.....
EIA NG STORAGE REPORT
| April 28, 2016
April 28, 2016
The EIA reported a +73 bcf injection for the week ending April 21, coming in higher than our own number at +68 bcf and the Bloomberg median at +70 bcf. Regionally the East and South Central salt domes injected more than expected. Warmer than normal weather pushed the East to a net injection, but wide front spreads are probably still responsible for the very strong salt dome injections. A +10 bcf injection for salt domes is higher than the 5-yr average of +8 bcf and is especially impressive.....
EIA NG STORAGE REPORT
| April 21, 2016
April 21, 2016
The EIA reported a +7 bcf injection for the week ending April 14, coming in-line with our own number at +6 bcf, but higher than the Bloomberg median at +3 bcf. Regionally the East draw was stronger than expected, while the Midwest experienced no change in inventory levels compared to expectations for a draw. Salt-domes also injected more than expected and that is putting pressure on front spreads given the already high salt-dome inventory level of 342 bcf. Colder than normal weather through.....
EIA NG STORAGE REPORT
| April 14, 2016
April 14, 2016
The EIA reported a -3 bcf withdrawal for the week ending April 7, coming in tighter than our own number at +4 bcf, and the Bloomberg median at +3 bcf. The stronger than expected withdrawal in the East explains most of the difference to our expectations and could be a result of the much colder than normal weather in the region. While our scrape sample could not justify such a large withdrawal in the East, the weather-driven supply and demand models underestimated the draw as well. Last week.....
EIA NG STORAGE REPORT
| April 07, 2016
April 7, 2016
The EIA reported a +12 bcf injection for the week ending March 31, coming in slightly above our own number at +8 bcf, and the Bloomberg median at +8 bcf. Reported South Central injection was significantly higher than our estimates, while East and Midwest withdrawals came in stronger than our models suggested. There will be no commentary today. Please note our extended U.S. and Canada tables covering the injection season are included in the attachment.
EIA NG STORAGE REPORT
| March 31, 2016
March 31, 2016
The EIA reported a -25 bcf withdrawal for the week ending March 24, coming in line with our own number at -25 bcf, and the Bloomberg median at -25 bcf. Regional draws and builds came in line with expectations as well, implying relatively normal operational conditions compared to the elevated volatility of the recent few weeks as inventory surplus reached record levels. After five weeks of steady inventory increases, this was also the first week during which the year-on-year inventory surpl.....
EIA NG STORAGE REPORT
| March 24, 2016
March 24, 2016
The EIA reported a +15 bcf injection for the week ending March 17, coming lower than our own number at +22 bcf, and the Bloomberg median at +21 bcf. The surprise draw of -6 bcf leaves the Midwest as the only region still in the withdrawal season. However, despite the early end to the withdrawal season this year, the +15 bcf build implies a considerable week-on-week tightening of the supply and demand balances We did see a significant decline in production combined with lower net imports fr.....