EIA Reports +28 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: 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

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