Nat Gas Weekly Storage Report On Tap Today

Written by on November 23, 2016 in NatGasWeather - No comments
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Wednesday: Today’s weekly nat gas storage report is expected to bring a build in supplies around +4 to +6 Bcf by average market estimates.  If true, this would be the third week in a row of coming in over the 5-year average after coming in under for the prior 26 straight weeks.  Temperatures were warmer than normal over most the country except for portions of the Mid-Atlantic and Southeast Coast.  Our algorithm predicts a build around +5 Bcf, in line with estimates, although a bit trickier than normal due to weak pipeline flows as they reverse between the build and draw seasons.  Also of consideration was the Veterans Day Holiday that eased demand slightly.  The report will be out at noon EDT to accommodate market closures tomorrow for the Thanksgiving Holiday.

 

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