EIA NG STORAGE REPORT
| September 23, 2010
+73 bcf
EIA NG STORAGE REPORT The EIA reported a +73 bcf net injection for the week ending September 17, below the Bloomberg median expectation of a +80 build. However, the build surpassed last year’s +66 bcf and the +70 bcf 5-year average. The weather was slightly cooler on the week (40 CDDs for the week compared to 46 CDDs the prior week) but power demand rebounded by 3.3% following the holiday. Total US: +73 bcf (Bloomberg median +80 bcf) East: +53 bcf West: +1 bcf Producing: +19 bcf S.....
EIA NG STORAGE REPORT
| September 16, 2010
+103 bcf
EIA NG STORAGE REPORT The EIA reported a +103 bcf net injection for the week ending September 10, well above the Bloomberg median expectation of +93 build. The build surpassed last year’s +69 bcf and the +77 bcf 5-year average. The weather was much cooler on the week (46 CDDs for the week compared to 70 CDDs the prior week) and the holiday effect helped to drag down power demand by -12.0%. This is the largest build in the producing region since the first week of April. Though it is cert.....
EIA NG STORAGE REPORT
| September 09, 2010
+58 bcf
EIA NG STORAGE REPORT The EIA reported a +58 bcf net injection for the week ending September 3, in line with the Bloomberg median expectation of +57 bcf. The build was below last year’s +68 bcf and the +61 bcf 5-year average. Warmer than normal weather (70 CDD vs. 53 CDD 30-year norm) certainly contributed to this week’s injection falling below the prior five-year average. Although comparisons to year-ago balances will become increasingly strained through September, this week’s repor.....
EIA NG STORAGE REPORT
| September 02, 2010
+54 bcf
EIA NG STORAGE REPORT The EIA reported a +54 bcf net injection for the week ending August 27, in-line with Bloomberg median expectations of +55 bcf. The build was below last year’s +64 bcf and the +62 bcf 5-year average. In our view, this report does little to change the fundamental story that has prevailed during the summer: the pace of injections is on par with historical norms and with last summer’s pace. Although warm weather (73 CDD versus 61 CDD 30 year norm) certainly contri.....
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.