EIA NG STORAGE REPORT
| October 29, 2009
+25 bcf
EIA NG STORAGE REPORT The EIA reported that US natural gas inventories grew by 25 bcf last week, reaching 3.76 tcf. The build came in slightly below expectations (Bloomberg median expectation +29 bcf) for the second week in a row. The build came in well below the 49 bcf build last year and the 43 bcf five-year average. The weather was roughly similar to last year’s and to the 30-year norm, so this is a good week to compare fundamentals to historical trends. Though the US market does appe.....
EIA NG STORAGE REPORT
| October 22, 2009
+18 bcf
EIA NG STORAGE REPORT The EIA reported a +18 bcf storage injection for the week ending October 16, slightly below consensus expectations (+21 bcf Bloomberg median expectation). Heating demand frequently disappoints during the first shoulder-season cold snap, but the cold weather last week had some real teeth for this time of year. Meanwhile, nuclear maintenance has brought operational capacity down to the very bottom of the prior five-year range, providing some support to gas demand in t.....
EIA NG STORAGE REPORT
| October 15, 2009
+58 bcf
EIA NG STORAGE REPORT The EIA reported a natural gas storage build of +58 bcf for the week ending Oct 9, pushing US inventories above 3.71 tcf. The build came in a bit above market consensus expectations (+53 bcf Bloomberg median). The five-year average build from now until the end of injection season is 172 bcf, which would push national inventories to 3.89 tcf. Weather will largely determine whether the US breaks the 3.9 tcf threshold as very cold weather in the Northeast this week is .....
EIA NG STORAGE REPORT
| October 08, 2009
+69 bcf
EIA NG STORAGE REPORT The EIA reported a 69 bcf inventory build for the week ending October 2, pushing already record-setting inventories up to 3.66 tcf, 9.1% above the prior high mark for the week and 93 bcf above the end-Oct 2007 record. This week’s storage number interpolates to an end-September level of ~3.64 tcf, eclipsing the previous high of 3.32 tcf set all the way back in 1990. The story remains the same as last week: despite the record headline number, brimming Producing Regi.....
EIA NG STORAGE REPORT
| October 01, 2009
+64 bcf
EIA NG STORAGE REPORT The EIA reported a natural gas inventory build of +64 bcf, slightly above consensus projections of a +62 bcf build. Though the new record high for US inventories will grab headlines, the report is most notable for the big 19 bcf Producing Region build and indications that fundamentals have stabilized after tightening rapidly from August into mid-September. Both are signals that the September NYMEX rally did quickly impact physical realities for the end of the inje.....
EIA NG STORAGE REPORT
| September 24, 2009
+67 bcf
EIA NG STORAGE REPORT The EIA reported a build of 67 bcf for the week ending Sep 18, in line with expectations (Bloomberg median expectation 68 bcf). Fundamentally speaking, there was little change w-o-w, but the numbers indicate weakness for October, particularly in the Producing Region. Whether this will be reflected in the Oct contract, however, remains to be seen as market sentiment has clearly shifted and financial flows have moved to support a contract that expires on Monday. Tot.....
EIA NG STORAGE REPORT
| September 17, 2009
+66 bcf
EIA NG STORAGE REPORT The EIA’s report of a 66 bcf natural gas inventory build came in well below the the Bloomberg median expectation of 78 bcf, but did not come as a complete surprise as the number was in line with pipeline scrape models that hovered in the mid-60s. Nonetheless, this report confirms that fundamentals have picked up the pace at which they are tightening. Coal-to-gas switching has likely remained strong, but the bulk of this tightening appears to be occurring on the supply.....
EIA NG STORAGE REPORT
| September 10, 2009
+69 bcf
EIA NG STORAGE REPORT The EIA report of a 69 bcf build for the week ending September 4 held a mixed bag. The overall storage number signaled that some combination of production curtailments and gas burn for baseload power generation are finally curbing the gas glut this summer. However, the double-digit producing region injection has pushed inventories in that key region one step closer to regional capacity constraints. Total US: +69 bcf (vs. +72 bcf Bloomberg median estimate) East: +.....
EIA NG STORAGE REPORT
| September 03, 2009
+65 bcf
EIA NG STORAGE REPORT Natural gas fundamentals are still bearish. Don’t ask me; ask Gulf Coast pricing points, where cash prices have traded with a 1-handle virtually across the board at points today. The EIA reported a +65 bcf storage build for the week ending August 28, slightly below market consensus (+67 bcf Bloomberg median estimate), but well above the estimates driven by most pipeline scrape models that hovered in the mid-50s. The story remains unchanged, with fundamentals not .....
CFTC COT
| August 28, 2009
August 28, 2009
Please find attached a summary of the latest CFTC Commitment of Traders Report for WTI , Natural Gas, RBOB and Heating Oil.