EIA Reports +58 Bcf Build in Natural Gas Inventories

The EIA releases it’s weekly natural gas storage report each Thursday at 10.30 ET, the key data point for natural gas traders outside of weather modelling. This week another build is expected.

EIA’s Weekly Gas Storage Report Report Date: 9/21/17
Release Time: Thursday September 28 2017 10:30 ET

Natural gas futures continue to flip flop over 3.00 with the upside risk Cheniere Train 4 and warm weather. LNG feedgas demand and exports to Mexico continue near all-time highs. Forecasts look normal for next week but nothing constructive. Bets will start being placed on 4T storage at year end at this pace.

Market Expectations

Actual +58 Bcf Prior  +97 Bcf
Consensus Forecast  +65 Bcf
Cons. Range: +56 to +73 Bcf
EIA swap: +62 to +63 @ CT 15.13

Last Week’s Report +97 Bcf #TCNG

 EIA Storage Report

Weather lower 48 states 9 20

NG Mexican Exports 9 20 17

NG Canadian Flows 9 20 17

Source: Criterion Research

Bentek

  • Bentek S/D Model: +64  Bcf
  • Bentek Flow Model: +65  Bcf

Analysts Build Forecasts

  • Criterion Research: +74 Bcf
  • Peter Marrin SNL +61 Bcf
  • Gabe Harris +59 Bcf

The Fundamental Edge with Brynne Kelly @BrynneKKelly

Natural Gas Storage Futures weekly EIA storage futures 9/27 (EIA Swap) 

 Current Storage Level vs. Last Year & 5-Yr

  • Current Storage Level: 3,408 Bcf
  • Storage 2016/Same Week: 
  • 5Yr Avg/Same Week: 

Further Energy Analysis http://www.oottnews.com/index.html

Sources: TradersCommunity Research, Criterion Research

From the Traders Community News Desk

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