EIA NG STORAGE REPORT
| March 08, 2012
March 8, 2012
EIA reported a -80 bcf withdrawal for the week ended March 2 (Bloomberg median -85 bcf, Bloomberg Whisper -86 bcf). The 26 estimates submitted to Bloomberg varied from -56 bcf to -92 bcf with a standard deviation of 7 bcf. Our pipeline scrape model showed -88 bcf. Weather was slightly cooler week on week (160 HDDs vs. 159 HDDs), however we also had 5 CDDs primarily in the South Central region rather than the Southeast. Compared to last year we had -19 less HDDs (160 HDDs vs. 179 HDDs). Tota.....
EIA NG STORAGE REPORT
| March 01, 2012
March 01, 2012
EIA reported a -82 bcf withdrawal for the week ended February 24 (Bloomberg median -90 bcf, Bloomberg Whisper -89 bcf). The 27 estimates submitted to Bloomberg varied from -74 bcf to -104 bcf with a standard deviation of 5 bcf. Our pipeline scrape model showed -91 bcf. Weather was warmer both week on week (159 HDDs vs. 203 HDDs) and year on year (159 HDDs vs. 178 HDDs). Total US: -82 bcf ( LCMC -91 bcf; Bloomberg median -90 bcf) East: -58 bcf West: -5 bcf Producing: -19 Bcf
EIA NG STORAGE REPORT
| February 23, 2012
February 23, 2012
EIA reported a -166 bcf withdrawal for the week ended February 17 (Bloomberg median -170 bcf, Bloomberg Whisper -172 bcf). The 24 estimates submitted to Bloomberg varied from -125 bcf to -185 bcf with a standard deviation of 15 bcf. Our pipeline scrape model showed -167 bcf. Weather was cooler week on week (203 HDDs vs. 175 HDDs) and for the first time since the week ended November 10, 2011, cooler year on year (203 HDDs vs. 175 HDDs). Total US: -166 bcf ( LCMC -167 bcf; Bloomberg median .....
EIA NG STORAGE REPORT
| February 16, 2012
February 16, 2012
EIA reported a -127 bcf withdrawal for the week ended February 10 (Bloomberg median -120 bcf, Bloomberg Whisper -120 bcf). The 24 estimates submitted to Bloomberg varied from -110 bcf to -130 bcf with a standard deviation of 5 bcf. Our pipeline scrape model showed -123 bcf. Average weather was cooler week on week (175 HDDs vs. 151 HDDs) but much warmer compared to last year’s levels (175 HDDs vs. 244 HDDs). Total US: -127 bcf ( LCMC -123 bcf; Bloomberg median -120 bcf) East: -83 bcf West.....
EIA NG STORAGE REPORT
| February 09, 2012
February 09, 2012
EIA reported a -78 bcf withdrawal for the week ended February 3 (Bloomberg median -86 bcf, Bloomberg Whisper -83 bcf). The 25 estimates submitted to Bloomberg varied from -75 bcf to -99 bcf with a standard deviation of 6 bcf. Our pipeline scrape model showed -85 bcf. Weather was warmer week on week (151 HDDs vs. 187 HDDs) and much warmer compared to last year’s levels (151 HDDs vs. 231 HDDs). Total US: -78 bcf ( LCMC -85 bcf; Bloomberg median -86 bcf) East: -59 bcf West: -8 bcf Producin.....
EIA NG STORAGE REPORT
| February 02, 2012
February 02, 2012
EIA reported a -132 bcf withdrawal for the week ended January 27 (Bloomberg median -129 bcf, Bloomberg Whisper -129 bcf). The 23 estimates submitted to Bloomberg varied from -115 bcf to -136 bcf with a standard deviation of 6 bcf. Our pipeline scrape model showed -129 bcf. Weather was warmer week on week (187 HDDs vs. 217 HDDs) and much warmer compared to last year’s levels (187 HDDs vs. 245 HDDs). Total US: -132 bcf ( LCMC -129 bcf; Bloomberg median -129 bcf) East: -100 bcf West: -10 bc.....
EIA NG STORAGE REPORT
| January 26, 2012
January 26, 2012
EIA reported a -192 bcf withdrawal for the week ended January 20 (Bloomberg median -175 bcf, Bloomberg Whisper -182 bcf). The 23 estimates submitted to Bloomberg varied from -140 bcf to -194 bcf with a standard deviation of 13 bcf. Our pipeline scrape model showed -173 bcf. Weather was much cooler week on week (217 HDDs vs. 161 HDDs) and finally comparable to last year’s levels (217 HDDs vs. 220 HDDs). Total US: -192 bcf ( LCMC -173 bcf; Bloomberg median -175 bcf) East: -122 bcf West: -2.....
EIA NG STORAGE REPORT
| January 19, 2012
January 19, 2012
EIA reported a -87 bcf withdrawal for the week ended January 13 (Bloomberg median -86 bcf, Bloomberg Whisper -81 bcf). The 21 estimates submitted to Bloomberg varied from -74 bcf to -109 bcf with a standard deviation of 12 bcf. Our pipeline scrape model showed -104 bcf. Weather models underestimated the withdrawal due to weather being significantly warmer week on week (161 HDDs vs. 176 HDDs) while some of the scrape models, including ours, overestimated the withdrawal. Total US: -87 bcf ( L.....
EIA NG STORAGE REPORT
| January 12, 2012
-95 bcf
EIA reported a -95 bcf withdrawal for the week ended January 6 (Bloomberg median -89 bcf, Bloomberg Whisper -99 bcf). The 22 estimates submitted to Bloomberg varied from -70 bcf to -105 bcf with a standard deviation of 10 bcf. Our pipeline scrape model showed -95 bcf. Most weather models seem to have underestimated the withdrawal this time due to weather being milder week on week (176 HDDs vs. 186 HDDs). The difference is also more than what you expect from the holiday adjustment. Total U.....
EIA NG STORAGE REPORT
| January 05, 2012
-76 bcf
EIA reported a -76 bcf withdrawal for the week ended December 30 (Bloomberg median -78 bcf, Bloomberg Whisper -74 bcf). The 23 estimates submitted to Bloomberg varied from -66 bcf to -95 bcf with a standard deviation of 9 bcf, an unusually broad range. Our pipeline scrape model showed -71 bcf, while most supply/demand models appear to have underestimated the impact of the holiday week, especially when combined with milder-than-normal temperatures during the reference week. Total US: -76 bcf .....