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EIA's Weekly Gas Storage Report Report Date: 8/3/17
Release Time: 
Thursday August 10 2017 10:30 ET

Natural gas futures remain in the doldrums in a very tight range under 2.90. Again the risk is South Central in forecasts, South Central production topped recent highs at 33.865 Bcf/d. Criterion notes we had significant declines but we are close to having YOY production growth. LNG feedgas demand and exports to Mexico at or near all-time highs. Weather wise models continue with volatility. Forecasts look normal for next week but nothing constructive.

Market Expectations

Market Expectations
Actual + 28 Bcf Prior  +20 Bcf
Consensus Forecast  +36 Bcf
Cons. Range: +31 to +44 Bcf
EIA swap: +35 to +36 @ CT 15.13

Last Week's Report +20 Bcf #TCNG

 

EIA Storage Report

Source: Criterion Research

Bentek

  • Bentek S/D Model: 38 Bcf
  • Bentek Flow Model: 33 Bcf

Analysts Forecasts

  • Schneider Electric: 44 Bcf
  • ARM Energy: 41 Bcf
  • TFS: 40 Bcf
  • Norse Gas Marketing: 39 Bcf
  • Bentek S/D Model: 38 Bcf.
  • Andy Weissman, EBW Analytics: 34 Bcf
  • Robry825: 34 Bcf
  • Dow Jones Survey: 34 Bcf
  • Platts Survey: 34 Bcf
  • Reza Haidari, Thomson Reuters Analytics: 33 Bcf
  • Bentek Flow Model: 33 Bcf
  • Eric Fell, Genscape: 32 Bcf
  • Criterion:+30 Bcf

The Fundamental Edge with Brynne Kelly @BrynneKKelly

Natural Gas Storage Futures weekly EIA storage futures 8/8 (EIA Swap) 

 

Current Storage Level vs. Last Year & 5-Yr

  • Current Storage Level: 3,010 Bcf 
  • Last year/Same Week: 3,289 (-279 Bcf  or -8.5%)
  • Year Avg./Same Week: 2,923 (+87 or 3%)  

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

Sources: TradersCommunity Reseach, Criterion Research

From the Traders Community News Desk

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