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.
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 Time: Thursday 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
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
Further Energy Analysis: Criterion Research
Sources: TradersCommunity Research, Criterion Research
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