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.
EIA NG STORAGE REPORT
| August 27, 2009
+54 bcf
EIA NG STORAGE REPORT The EIA’s reported 54 bcf build for the week ending August 21 should weigh heavily on the front end of the curve. The US natural gas market needs to tighten dramatically to keep surplus gas from exceeding storage capacity, yet fundamentals are cleaning up at a leisurely pace while prices are crashing all around them. Supply and demand may as well be reading My Pet Goat to a roomful of schoolchildren. The likelihood of price-induced involuntary shut-ins continues to .....
CFTC COT
| August 20, 2009
Small Steps on the Road to Regulatory Reform
TODAY WAS A BIG DAY FOR REGULATORY REFORM IN THE US AND MORE BROADLY INTERNATIONALLY. Three separate steps were taken that move forward the agenda of the Obama Administration for financial regulatory reform. US regulator CFTC and UK regulator FSA announced a new agreement providing for more granular oversight of trading on both the NYMEX and ICE related to trades of look-alike contracts on the ICE electronic exchange and that enables regulators of each exchange direct access to exchanges in ea… .......
EIA NG STORAGE REPORT
| August 20, 2009
+52 bcf
EIA NG STORAGE REPORT The EIA reported that US natural gas inventories grew by 52 bcf in the week ending August 14. The build came in a bit below expectations (Bloomberg median expectation +57 bcf) and the +56 bcf five-year average. Although most of the projections on Bloomberg hovered in the mid- to high-50s, pipeline scrapes suggested a build in the low-50s, so the report was not a complete The report does indicate that fundamentals have continued to tighten over the past four weeks. .....