EIA NG STORAGE REPORT
| April 08, 2010
+31 bcf
EIA NG STORAGE REPORT The EIA reported a +31 bcf storage injection, slightly larger than market consensus (+28 bcf Bloomberg survey median). Over the past three weeks, injections have outpaced year-ago levels by 1.5 bcf/d, but more temperate weather and high gas burn in baseload power generation a year ago -- not a structurally looser market -- are the likely culprits. Total US: +31 bcf (Bloomberg survey median +28 bcf) East: -3 bcf West: +3 bcf Producing: +31 bcf Statistical summ.....
EIA NG STORAGE REPORT
| April 01, 2010
+12 (bullish)
EIA NG STORAGE REPORT The EIA reported a +12 bcf inventory build for the week ending Mar 26, below consensus estimates (Bloomberg survey median +19 bcf) and well below some pipeline scrape models suggesting draws in the mid-20s. Though the build is essentially in line with last week’s +11 bcf net injection, the market had continued to grind lower over the week, clearly been primed by pipeline scrapes indicating a larger build. As of the time of writing, the May contract had gone from dow.....
EIA NG STORAGE REPORT
| March 25, 2010
+11 bcf
EIA NG STORAGE REPORT The EIA reported a +11 bcf natural gas storage build for the week ending Mar 19, slightly larger than the Bloomberg median expectation of +8 bcf but in line with several pipeline-based models. Though weekly data continued to suggest that balances loosened progressively from Jan through Feb and into Mar, this week’s report is not nearly as bearish as last week’s. Even in conjunction with the past two reports, the apparent loosening of fundamentals appears broadly in .....
EIA NG STORAGE REPORT
| March 18, 2010
-11 bcf (BEARISH)
EIA NG STORAGE REPORT The EIA reported an overwhelmingly bearish -11 bcf withdrawal for the week ending Mar 12. The draw came in well below consensus estimates (-30 bcf Bloomberg median) and even below the range of estimates on the Bloomberg survey (-17 to -42 bcf). The market instantly shed 10 cents on the report and is down 24 cents on the day (-5.5%) at the time of writing. The 2009-10 withdrawal season has been marked by mysterious bookends. Just like the surprisingly large withdrawa.....
EIA NG STORAGE REPORT
| March 11, 2010
-111 bcf
EIA NG STORAGE REPORT The EIA reported a -111 bcf storage withdrawal for the week ending March 5, in line with consensus estimates of a -110 bcf draw, but slightly lower than some pipeline scrape models had indicated for the week. Moreover, the draw was equal to the -111 bcf withdrawal for the same week last year and only slightly larger than the -109 bcf 5yr average. Total US: -111 bcf (Bloomberg median estimate -110 bcf) East: -72 bcf West: -7 bcf Producing: -32 bcf Statistical .....
EIA NG STORAGE REPORT
| March 04, 2010
-116 bcf (bearish)
EIA NG STORAGE REPORT This week’s EIA natural gas inventory report indicated a bearish -116 bcf draw, coming in well below consensus estimates in the mid -120s and outside of the entire range of estimates on the Bloomberg survey (-117 to -155 bcf). Not only did the report come in below most expectations, but it reiterates that weather-adjusted apparent fundamentals loosened from Jan into Feb. This withdrawal was roughly equivalent to the -115 bcf draw during the week of Jan 29 despite co.....
EIA NG STORAGE REPORT
| February 25, 2010
-172 bcf
EIA NG STORAGE REPORT The EIA reported a -172 bcf storage draw for the week ending Feb 19, roughly in line with the market consensus. The Bloomberg survey showed a relatively tight range of projections for the week (-165 to -175 bcf) in a winter that has featured widely divergent expectations most weeks. More importantly, the reported draw indicated fundamentals in line with those of the last two weeks taken together. The past three weeks have suggested weather-adjusted fundamentals that.....
EIA NG STORAGE REPORT
| February 18, 2010
-190 bcf
EIA NG STORAGE REPORT The EIA reported a -190 bcf natural gas storage withdrawal for the week ending Feb 18. The withdrawal comes on the heels of last week’s -191 bcf despite a slight moderation of weather (232 HDD vs. 242 the prior week). Although this withdrawal indicates a bit of a correction from the very loose apparent fundamentals in last week’s report, it does indicate that last week’s report was not entirely a fluke with balances now looser than they were in Jan. The past two w.....
EIA NG STORAGE REPORT
| February 12, 2010
-191 bcf
EIA NG STORAGE REPORT The EIA reported a -191 bcf inventory draw for the week ending Feb 5, with cold weather prompting a larger draw than last year’s -164 bcf and the -155 bcf 5yr average. Many pipeline scape models indicating a significantly smaller draw than weather patterns had suggested left the market primed for a more bearish number, which makes this report a slightly bullish in the near term. Though the draw came in above market expectations it is actually a slightly bearish sign.....
EIA NG STORAGE REPORT
| February 04, 2010
-115 bcf
EIA NG STORAGE REPORT The EIA reported that total US natural gas inventories declined 115 bcf last week, a draw slightly smaller than market consensus and somewhat bearish relative to the prior three weeks. Aided by warm temperatures ( HDD 14.0% lower than the 30yr norm and 20.8% lower y-o-y), the withdrawal came in well short of last year’s -194 bcf and th -178 bcf 5yr average. Total US: -115 bcf (Bloomberg median expectation -121 bcf) East: -83 bcf West: -21 bcf Producing: -11 bc.....