EIA NG STORAGE REPORT
| March 24, 2011
-6 bcf
EIA NG STORAGE REPORT The EIA reported a -6 bcf natural gas inventory withdrawal for the week ending March 18, a slightly smaller draw than consensus estimates (Bloomberg median -8 bcf) and the 5-year average (-17 bcf) for the calendar week. However, the net change in storage was still a withdrawal unlike the same calendar week last year which saw its first net injection of the season (+7 bcf). Weather-adjusted, this week’s withdrawal makes balances appear tighter on a year-ago basis—j.....
EIA NG STORAGE REPORT
| March 17, 2011
-56 bcf
EIA NG STORAGE REPORT The EIA reported a -56 bcf natural gas inventory withdrawal for the week ending March 11, a larger draw than consensus estimates (Bloomberg median -42 bcf) and the year-ago withdrawal of -25 bcf, but largely in line with the 5yr average withdrawal of -58 bcf. Weather-adjusted, this withdrawal makes balances appear tighter on a year-ago basis. This is the first time balances have appeared tighter on the year since early February when colder-than-normal temperatures .....
EIA NG STORAGE REPORT
| March 10, 2011
-71 bcf
EIA NG STORAGE REPORT The EIA reported a -71 bcf natural gas inventory build for the week ending March 4, a slightly smaller draw than consensus estimates (Bloomberg median -78 bcf) and well below the year-ago withdrawal (-112 bcf) as well as the 5yr average withdrawal (-107 bcf) due mostly to warmer weather. However, even weather-adjusted, the withdrawal makes balances appear slightly looser on a year-ago basis. Nonetheless, we are still anticipating end of March inventories in the 1......
EIA NG STORAGE REPORT
| March 03, 2011
-85 bcf
EIA NG STORAGE REPORT The EIA reported a -85 bcf storage withdrawal for the week ending February 25, in line with the Bloomberg median of -85 bcf but much smaller than the five-year average draw of -131 bcf and the year-ago draw of -124 bcf. This draw makes balances appear just slightly looser on both a year-ago and week-ago basis. However, the holiday effect, increased power generation from other sources, and the first net injection of the season in the producing region all contributed .....
EIA NG STORAGE REPORT
| February 24, 2011
-81 bcf
EIA NG STORAGE REPORT The EIA reported a -81 bcf storage withdrawal for the week ending February 18, just slightly smaller than the Bloomberg median estimate of -83 bcf but much smaller than the five-year average draw of -148 bcf and the year-ago draw of -174 bcf. This draw appears looser than the same calendar week last year. However, the looser-looking balances are likely due to the large increases in temperature across the US during the reporting week. At the same time, even as we ap.....
EIA NG STORAGE REPORT
| February 17, 2011
-233 bcf
EIA NG STORAGE REPORT The EIA reported a -233 bcf storage withdrawal for the week ending February 11, just slightly below the Bloomberg median estimate of -235 bcf but well above the five-year average draw of -150 bcf and the year-ago draw of -190 bcf. This draw indicates balances tighter than last year but in line with the prior week’s draw after adjusting for power outages in Texas and natural gas shortages in the Southwest US during the prior week. Total US: -233 bcf (Bloomberg med.....
EIA NG STORAGE REPORT
| February 10, 2011
-209 bcf
The EIA reported a -209 bcf storage withdrawal for the week ending February 4, a larger withdrawal than the Bloomberg median estimate of -197 bcf, the five-year average draw of -159 bcf, and the year-ago draw of -180 bcf. This week’s withdrawal indicates that balances are much tighter on both a year-ago basis and compared to prior weeks during this heating season. This is (at least partly) due to the historically cold weather that struck Texas and the Southwest US last week, leading to well .....
EIA NG STORAGE REPORT
| February 03, 2011
-189 bcf
EIA NG STORAGE REPORT The EIA reported a -189 bcf storage withdrawal for the week ending January 28, a larger withdrawal than the Bloomberg median estimate of -187 bcf, the five-year average draw of -165 bcf, and the year-ago draw of -111 bcf. Looking at weather alone, this draw makes balances look tighter year on year but looser relative to prior weeks during this withdrawal season. Looking forward, current inventories and the pace of this year’s withdrawals are still pointing toward e.....
EIA NG STORAGE REPORT
| January 27, 2011
-174 bcf
EIA NG STORAGE REPORT The EIA reported a -174 bcf storage withdrawal for the week ending January 21, a larger withdrawal than the Bloomberg median estimate of -170 bcf, the five-year average draw of -152 bcf, and the year-ago draw of -109 bcf. Looking at weather, this draw makes balances appear about 4.5 bcf/d tighter than last year; however, last week was a holiday week, making comparisons difficult. The draw does look in line with prior weeks this year. So, given current inventory le.....
EIA NG STORAGE REPORT
| January 20, 2011
-243 bcf
EIA NG STORAGE REPORT The EIA reported a -243 bcf storage withdrawal for the week ending January 14, a larger withdrawal than the Bloomberg median estimate of -232 bcf and the -133 bcf five-year average, but a smaller withdrawal than the year-ago -248 bcf draw. Looking at weather, this draw appears largely in line with last year’s draw. At the same time, net imports during the calendar week are astoundingly low given the cold weather that hit the US during the reporting week. Even so, .....