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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 the market is expecting a smaller draw. Natural gas hub futures have yet again failed to hold over $3 Btu despite colder weather.

Natural gas futures have dissappointed bulls yet again with. Northeast production setting record highs, polar weather must deliver it seems. Upside risk remains Cheniere Train 4 as LNG feedgas demand and exports to Mexico continue near all-time highs. Weather models continue to point to a cold 11-15 day forecast with average US temps dropping into the low 40's. 

EIA's Weekly Gas Storage Report Report Date: 11/30/17

  • Via TradersCommunity.com
  • Release TimeThursday December 6 2017 10:30 ET

Market Expectations

  • Actual  +2 Bcf  Prior   - 33 Bcf
  • Consensus Forecast  -3 Bcf
  • Cons. Range: -17 to +7 Bcf
  • EIA swap: -1 to 0 @ CT 15.13

Last Week's Report -33  Bcf #TCNG

 EIA Storage Report

Lower 48 Temps 10 20

NG Mexican Exports 9 20 17

NG Canadian Flows 9 20 17

Source: Criterion Research

Bentek

  • Bentek S/D Model: +6 Bcf
  • Bentek Flow Model: +7 Bcf

Analysts Draw Forecasts

    • Bentek Flow  +7 Bcf
    • Bentek S/D  +6 Bcf
    • Gabe Harris  +4 Bcf
    • Genscape  +3 Bcf
    • Macquarie +3 Bcf
    • Andy Wiessman  +1 Bcf
    • Criterion - Bcf
    • Robry  -00 Bcf
    • Shuya Li Pira -1 Bcf
    • Bloomberg Survey -3 Bcf
    • TFS -3 Bcf
    • Schneider Electric -3 Bcf
    • Peter Marrin SNL -5 Bcf
    • Donnie Sharp Huntsville - 5 Bcf
    • DJ Survey -5 Bcf
    • Reuters Survey  - 7 Bcf 

 

  • Point Logic -7 Bcf
  • Kidduff Report  -10 Bcf
  • Raymond James --13 Bcf
  • Tim Evans Citi  -17 Bcf

 

The Fundamental Edge with @BrynneKKelly

Current Storage Level vs. Last Year & 5-Yr

  • Current Storage Level: 3,693 Bcf
  • Storage 2016/Same Week: 4002
  • 5Yr Avg/Same Week: 3808

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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