EIA NG STORAGE REPORT
| August 26, 2010
+40 bcf
EIA NG STORAGE REPORT The EIA reported a +40 bcf net injection for last week, in-line with the Bloomberg median expectation of +38 bcf. The build was below last year’s +53 bcf and the +59 bcf five-year average due partly to very hot weather. This week’s injection was also essentially in line with the +37 bcf injection from two weeks prior on very similar weather. Total US: +40 bcf (Bloomberg median +38 bcf) East: 48 bcf West: -3 bcf Producing: -5 bcf Statistical summary attached .....
EIA NG STORAGE REPORT
| August 19, 2010
+27 bcf
EIA NG STORAGE REPORT The EIA reported a +27 bcf net injection for last week, well below the year-ago +54 bcf build and the +50 bcf five-year average due partly to very hot weather. Once again, this week’s inventory report suggests that the pace of injections has been quite ordinary this summer and that fuel switching in the power sector has likely been absorbing very large volumes of gas. Total US: +27 bcf (Bloomberg median +31 bcf) East: +40 bcf West: +3 bcf Producing: -16 bcf S.....
EIA NG STORAGE REPORT
| August 12, 2010
+37 bcf
EIA NG STORAGE REPORT The EIA reported a +37 Bcf storage build for the week ending August 6, slightly above consensus estimates of +36 bcf, but below last year’s +63 bcf injection. If anything, this week’s report reaffirms that natural gas inventories are growing at a pace completely in line with historical norms. Much of the market’s focus these days has been on the strong domestic production numbers, but the demand side appears to be soaking up molecules just as readily as producers pu.....
EIA NG STORAGE REPORT
| August 05, 2010
+29 bcf
EIA NG STORAGE REPORT The EIA reported a +29 bcf storage build for the week ending July 30, just below consensus estimates of +32 bcf and well below year-ago (+67 bcf) and five-year average (+47 bcf) builds for the week due to continued hot weather across the US. Temperatures did moderate slightly during the week, but tropical storm Bonnie’s production shut-ins offset the slight decline in demand. Clearly, the market was primed for a smaller build as prices have sold off $.20 since the s.....
EIA NG STORAGE REPORT
| July 29, 2010
+28 bcf
EIA NG STORAGE REPORT The EIA reported a +28 bcf natural gas inventory build for the week ending July 23, slightly below consensus estimates (Bloomberg median +32 bcf) and well below the year-ago build (+70 bcf) as well as the 5yr avg buils (+50 bcf) due to much warmer weather. The same week last year experienced 63 CDDs, well below this year’s 97 CDDs for the week. Nonetheless, this is the smallest Jul injection since 2006, when triple-digit CDD prompted a small net withdrawal -- tho.....
EIA NG STORAGE REPORT
| July 22, 2010
July 22, 2010
EIA NG STORAGE REPORT There will be no commentary today.
EIA NG STORAGE REPORT
| July 15, 2010
+78 bcf (bullish)
EIA NG STORAGE REPORT The EIA reported a bullish +78 bcf natural gas inventory build for the week ending July 9. The build came in just below the Bloomberg median expectation of +80 bcf, but the market was obviously geared toward a larger build. This inventory report should more than offset last week’s bearish surprise considering the impact of the July 4 holiday on demand. Total US: +78 bcf (+80 bcf bloomberg median) East: +43 bcf West: +11 bcf Producing: +24 bcf Statistical summ.....
EIA NG STORAGE REPORT
| July 08, 2010
+78 bcf (bearish)
EIA NG STORAGE REPORT The EIA reported a bearish +78 bcf natural gas inventory build for the week ending July 2. The build came in well above consensus estimates (Bloomberg median +70 bcf) and even above the year-ago build (+74 bcf) on similar weather. The most likely culprit lies in the power sector, where demand came out surprisingly low last week. Total US: +78 bcf (+70 bcf Bloomberg median) East: +48 bcf West: +11 bcf Producing: +19 bcf Statistical summary attached. Total US.....
EIA NG STORAGE REPORT
| July 01, 2010
+60 bcf
EIA NG STORAGE REPORT The EIA reported a slightly bullish +60 bcf natural gas inventory build for the week ending June 25. But the number could struggle to support prices in the face of some bleak economic data from earlier today, especially with cash prices likely to drop ahead of a holiday weekend. The build came in below market consensus (Bloomberg survey median +65 bcf), the year-ago +73 bcf build, and the five-year average +82 bcf build. The net injection was dragged down by very ho.....
EIA NG STORAGE REPORT
| June 24, 2010
+81 bcf
EIA NG STORAGE REPORT The EIA reported a natural gas inventory build of +81 bcf, in line with market expectations and smaller than last year’s +97 bcf build due to much warmer weather this year. The week’s injection dragged inventories into a slight yoy deficit (-14 bcf) for the first time since the beginning of April. At 2.62 tcf, however, inventories remain incredibly high for this time of year (+309 bcf vs. the prior 5yr avg, which includes last year’s record level). Heading into the .....