EIA Reports +42 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: 9/28/17
Release Time: Thursday October 5 2017 10:30 ET

Natural gas futures continue to in lackluster fashion under $3.00 with the upside risk 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. At the S&P Global Platts Energy Forum TC got the distinct feel that many of the Natgas players were bullish, keep that in mind though to be fair the partipants were skewed to the oil side. Great speakers and we will share some thoughts later on the site.

Market Expectations

Actual +42 Bcf Prior  +58 Bcf
Consensus Forecast  +47 Bcf
Cons. Range: +37 to +61 Bcf
EIA swap: +45 to +46 @ CT 15.13

Last Week’s Report +58 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: +46  Bcf
  • Bentek Flow Model: +43  Bcf

Analysts Build Forecasts

  • Tim Evans Citi +61 Bcf
  • Kidduff Report + 60 Bcf
  • Bloomberg Survey +55 Bcf
  • Andy Wiessman +54 Bcf
  • Criterion +53 Bcf
  • DJ Surevy +52 Bcf
  • Peter Marrin SNL +50 Bcf
  • Bentec S/D +46 Bcf
  • Charlie Fenner Macquarie +44 Bcf
  • Bentek Flow 43 Bcf
  • Shuya Li Pira +42 Bcf
  • Genscape +37 Bcf
  • Gabe Harris +37 Bcf

The Fundamental Edge with Brynne Kelly @BrynneKKelly

Natural Gas Storage Futures weekly EIA storage futures 10/3 (EIA Swap) 

 

 

 Current Storage Level vs. Last Year & 5-Yr

  • Current Storage Level: 3,466 Bcf
  • Storage 2016/Same Week: 3593
  • 5Yr Avg/Same Week: 3453

Further Energy Analysis www.oottnews.com

Sources: TradersCommunity Research, Criterion Research

From the Traders Community News Desk

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