EIA NG STORAGE REPORT
| June 30, 2011
+78 bcf
EIA reported a +78 bcf natural gas inventory build for the week ended June 24. This build came in below consensus estimates (Bloomberg median +80 bcf and Bloomberg Whisper of +81 bcf) but was still above both the prior 5-year average (+77 bcf) and year-ago builds (+63 bcf). NYMEX prices rose about 4% following the smaller-than-expected build. But weather adjusted, this week’s build actually indicates balances slightly looser compared to the same week last year, as well as, compared to prior.....
EIA NG STORAGE REPORT
| June 23, 2011
+98 bcf
EIA reported a +98 bcf natural gas inventory build for the week ended June 17. This build exceeded consensus estimates (Bloomberg median +90 bcf and Bloomberg Whisper of +92 bcf) rising above both the prior 5-year average (+86 bcf) and year-ago builds (+81 bcf). Weather adjusted, this week’s build indicates balances slightly looser on both year-ago and week-ago bases. With total U.S. inventories now at 2.35 tcf, in order to close the year-ago deficit by the end of October, an average +14 bcf (2.....
EIA NG STORAGE REPORT
| June 16, 2011
+69 bcf
EIA reported an +69 bcf natural gas inventory build for the week ended June 10. This build was in line with consensus estimates (Bloomberg median +69 bcf and Bloomberg Whisper of +68 bcf) but fell below both the prior 5-year average (+87 bcf) and year-ago builds (+89 bcf). This week’s build indicates balances slightly tighter than both year-ago and week-ago balances. However, two key factors are contributing to balances appearing tighter this week, namely, a rebound from the holiday effect an.....
EIA NG STORAGE REPORT
| June 09, 2011
+80 bcf
EIA reported an +80 bcf natural gas inventory build for the week ended June 3. This build was slightly above consensus estimates (Bloomberg median +78 bcf and Bloomberg Whisper of +76 bcf) but fell below both the prior 5-year average (+96 bcf) and year-ago builds (+98 bcf). This build indicates balances mostly in line with the same calendar week last year. And while the build suggests looser balances week-on-week, this is likely due to slightly higher supply, an underestimation of cooling dema.....
EIA NG STORAGE REPORT
| June 02, 2011
+83 bcf
EIA reported a +83 bcf natural gas inventory build for the week ended May 27. This build was well below consensus estimates (Bloomberg median +94 bcf and Bloomberg Whisper of +90 bcf) and fell below both the prior 5-year average (+99 bcf) and year-ago builds (+90 bcf). With the NYMEX front month contract jumping nearly +$0.15 to $4.85 after the data release (it has since come back down to the mid-$4.70s), the market was certainly surprised by the smaller-than-expected build. And weather-adju.....
EIA NG STORAGE REPORT
| May 26, 2011
+105 bcf
EIA reported a +105 bcf natural gas inventory build for the week ending May 20. This build was well above consensus estimates (Bloomberg median +95 bcf and Bloomberg Whisper of +97 bcf) and rose above both the prior 5-year average (+95 bcf) and year-ago builds (+100 bcf). This is the second week in a row that the year-on-year storage deficit has narrowed. Weather adjusted, this build makes balances appear slightly looser than both year-ago and week-ago balances; however, when taking into consi.....
EIA NG STORAGE REPORT
| May 19, 2011
+92 bcf
EIA reported a +92 bcf natural gas inventory build for the week ending May 13. This build just slightly exceeded consensus estimates (Bloomberg median +90 bcf and Bloomberg Whisper of +91 bcf) and rose above both the prior 5-year average (+91 bcf) and year-ago builds (+78 bcf). Weather adjusted, this build makes balances appear about in line with both the year-ago and week-ago balances. However, several emerging factors (both bearish and bullish) are worth watching as we progress through the i.....
EIA NG STORAGE REPORT
| May 12, 2011
+70 bcf
EIA reported a +70 bcf natural gas inventory build for the week ending May 6. This build fell just shy of consensus estimates (Bloomberg median +71 bcf and Bloomberg Whisper of +72 bcf), and remained well below the prior 5-year average (+90 bcf) and year-ago builds (+93 bcf). This week’s injection implies tighter balances on the week, but balances still appear about in line with the same calendar week last year. Week-on-week decreases in natural gas demand (due to cooler temperatures across mo.....
EIA NG STORAGE REPORT
| May 05, 2011
+72 bcf
EIA reported a +72 bcf natural gas inventory build for the week ending April 29. This build was larger than consensus estimates (Bloomberg median +67 bcf and Bloomberg Whisper of +64 bcf), but still smaller than the prior 5-year average (+78 bcf) and the year-ago build (+83 bcf). This week’s injection implies a large loosening of balances on the week, but balances actually appear in line with the same calendar week last year (and possibly still tighter). A sudden loosening on the week is common.....
EIA NG STORAGE REPORT
| April 28, 2011
+31 bcf
EIA reported a +31 bcf natural gas inventory build for the week ending April 22. This build was smaller than consensus estimates (Bloomberg median +38 bcf), the prior 5-year average (+65 bcf) and the year-ago build (+81). This week’s injection once again implies tighter balances on both the week and the year (after adjusting for weather). Increased natural gas demand resulting from low levels of nuclear capacity (which hit its lowest level since October 2006 during the reporting week) probably.....