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EIA's Weekly Gas Storage Report Report Date: 10/5/17 Release TimeThursday October 12 2017 10:30 ET

Natural gas hub futures has triedand failed all week to get over $3.00 and failed. Upside risk remains Cheniere Train 4 as 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 +87 Bcf Prior  +42 Bcf
  • Consensus Forecast  +85 Bcf
  • Cons. Range: +75 to +92 Bcf
  • EIA swap: +45 to +46 @ CT 15.13

Last Week's Report +42 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: +87  Bcf
  • Bentek Flow Model: +84  Bcf

Analysts Build Forecasts

  • Norse Gas +92 Bcf
  • Donnie Sharp Huntsville +91 Bcf
  • Schneider Electric +91 Bcf
  • Kidduff Report + 89 Bcf
  • Bentek S/D +87 Bcf
  • Gabe Harris +87 Bcf
  • Peter Marrin SNL +87 Bcf
  • Bloomberg Survey +85 Bcf
  • Charlie Fenner Macquarie +85 Bcf
  • Andy Wiessman +84 Bcf
  • Bentek Flow +84 Bcf
  • Genscape +84 Bcf
  • DJ Survey +82 Bcf
  • Shuya Li Pira 82 Bcf
  • Reuters Survey 82 Bcf
  • Jared Hunter 79 Bcf
  • Tim Evans Citi +77 Bcf
  • Raymond James +77 Bcf
  • Criterion +75 Bcf

The Fundamental Edge with Brynne Kelly @BrynneKKelly

Natural Gas Storage Futures weekly EIA storage futures 10/10 (EIA Swap) 

 

 

 Current Storage Level vs. Last Year & 5-Yr

  • Current Storage Level: 3,508 Bcf
  • Storage 2016/Same Week: 3669
  • 5Yr Avg/Same Week: 3516

EIA NG Storage Range 10 11 17

Further Energy Analysis: Criterion Research

Sources: TradersCommunity Research, Criterion Research

From the Traders Community News Desk

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