EIA NG STORAGE REPORT
| December 02, 2010
-23
The EIA reported a -23 bcf storage withdrawal for the week ending November 26, a slightly smaller withdrawal than the Bloomberg median expectation of a -29 bcf build. The storage withdrawal was lower than the five-year average of -36 bcf, while the same week last year managed a small +2 bcf net injection during the holiday week. Though the reported withdrawal was below consensus expectations, it implies that weather-adjusted balances have continued to tighten sequentially as the heating seas.....
EIA NG STORAGE REPORT
| November 24, 2010
-6 bcf
EIA NG STORAGE REPORT The EIA reported a -6 bcf withdrawal for the week ending November 19. This is a larger draw on storage than the Bloomberg median expectation of a -1 bcf withdrawal. The same calendar week last year saw a +5 bcf injection, but the 5-year average is for a -13 bcf withdrawal. This week’s storage report indicates balances roughly consistent with last week’s report and a pace of injections essentially on par with that of November last year. Overall, the past three stor.....
EIA NG STORAGE REPORT
| November 18, 2010
+3 bcf
EIA NG STORAGE REPORT The EIA reported a +3 bcf storage injection for the week ending November 12, lower than the Bloomberg median expectation of a +8 bcf build. The build was lower than last year’s +18 bcf injection and the +21 bcf 5-year average. For the past three weeks, net injections have aligned quite well with pipeline scrapes while consistently suggesting tighter balances than our weather models would suggest. Total US: +3 bcf (Bloomberg median +8 bcf) East: -8 bcf West: -2 b.....
EIA NG STORAGE REPORT
| November 10, 2010
+19 bcf
EIA NG STORAGE REPORT The EIA reported a +19 bcf storage injection for the week ending November 5, lower than the Bloomberg median expectation of a +23 bcf build. The build was lower than last year’s +25 bcf injection and the +30 bcf 5-year average. The build was in line with our pipeline scrape models, but well below our weather models, which suggested a build in the low- to mid-30s. Total US: +19 bcf (Bloomberg median +23 bcf) East: +0 bcf West: +4 bcf Producing: +15 bcf Statist.....
EIA NG STORAGE REPORT
| November 04, 2010
+67 bcf
EIA NG STORAGE REPORT The EIA reported a +67 bcf storage injection for the week ending October 29, higher than the Bloomberg median expectation of a +64 bcf build. The build easily exceeded last year’s +29 bcf injection and the +26 bcf 5-year average. This places total inventories just 16 bcf below the prior record set in November 2009 with Producing Region’s inventories just 1 bcf below its record level of 1,219 bcf. Total US: +67 bcf (Bloomberg median +64 bcf) East: +39 bcf West: .....
EIA NG STORAGE REPORT
| October 28, 2010
+71 bcf
EIA NG STORAGE REPORT The EIA reported a +71 bcf storage injection for the week ending October 22, only slightly lower than the Bloomberg median expectation of a +73 bcf build. The build exceeded last year’s +24 bcf injection and the +45 bcf 5-year average. Nonetheless, the market was clearly primed for a larger injection and rallied on the news. Total US: +71 bcf (Bloomberg median +73 bcf) East: +34 bcf West: +6 bcf Producing: +31 bcf Statistical summary attached. Total US inve.....
EIA NG STORAGE REPORT
| October 21, 2010
+93 bcf
EIA NG STORAGE REPORT The EIA reported a +93 bcf storage injection for the week ending October 15, higher than the Bloomberg median expectation of a +90 bcf build. The build exceeded last year’s build of +23 bcf and the +54 bcf 5-year average. Total US: +93 bcf (Bloomberg median +90 bcf) East: +51 bcf West: +5 bcf Producing: +37 bcf Statistical summary attached. There will be no commentary today.
EIA NG STORAGE REPORT
| October 14, 2010
+91 bcf
EIA NG STORAGE REPORT The EIA reported a +91 bcf storage injection for the week ending October 8, in line with the Bloomberg median expectation of a +92 bcf build. The build exceeded last year’s build of +60 bcf and the +64 bcf 5-year average. The build continues to indicate looser balances than had prevailed last month, though not quite as loose as those indicated by last week’s EIA report. Total US: +91 bcf (Bloomberg median +92 bcf) East: +43 bcf West: +6 bcf Producing: +42 bcf.....
EIA NG STORAGE REPORT
| October 07, 2010
+85 bcf
EIA NG STORAGE REPORT The EIA reported a +85 bcf storage injection for the week ending October 1, above the Bloomberg median expectation of a +79 bcf build. The build exceeded last year’s build of +68 bcf and the +67 bcf 5-year average. Particularly on the heels of last week’s +74 bcf injection, this week’s report indicates looser balances than had prevailed as recently as two weeks ago. Although we think that the market will fit the past two reports neatly within the narrative of ever-.....
EIA NG STORAGE REPORT
| September 30, 2010
+74 bcf (bearish)
EIA NG STORAGE REPORT The EIA reported a +74 bcf net injection for the week ending September 24, above the Bloomberg median expectation of a +68 bcf build. The build exceeded last year’s +65 bcf and the +67 bcf 5-year average. In our view, this is the most bearish weekly report in some time. We suspect that four key dynamics underpinned this week’s bearish surprise: 1) moderating heat in Texas, 2)the onset of shoulder-season conservation , 3) the possibility for coal to take back market .....