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 .....
EIA NG STORAGE REPORT
| June 17, 2010
+87 bcf
EIA NG STORAGE REPORT The EIA reported a +87 bcf natural gas inventory build for the week ending June 11. The build was essentially in line with the +84 bcf 5yr avg but well below last year’s +113 build, due primarily to very hot weather across the US during the reference week. We view this report as neutral to slightly bearish. The build came in toward the lower end of expectations (Bloomberg median +90 bcf) but above some pipeline-based models. In the end, we expect this week’s report .....
EIA NG STORAGE REPORT
| June 10, 2010
+99 bcf
EIA NG STORAGE REPORT The EIA reported a net inventory build of +99 bcf for the week ending June 4, bringing total US storage to near 2.46 tcf. The build came in between last year’s +109 bcf injection and the +95 bcf 5yr average, but it’s hard to read much into this week’s report because of the Memorial Day holiday effect on demand. Nonetheless, the early onset of hot weather has clearly boosted power demand, which has likely conspired with coal-to-gas switching to quickly erode the yoy .....