EIA Weekly Storage Builds

Written by on September 14, 2016 in NatGasWeather - No comments

Wednesday: If Tomorrow’s EIA weekly storage report prints under +69 Bcf, it will be the 19th week in a row of coming in under than the 5-year average.  After massive surplus carryouts at the end of the Spring, production has waned considerably when compared to increases in demand from hotter year over year summer temperatures, coal plant retirements, and new users coming on line.  This has allowed surpluses to shrink by +541 Bcf over this 18 week span, with further reductions to come in the weeks ahead.  For tomorrow’s EIA number, early market estimates range from 50s to lower 70s, a larger than normal spread.  We’re expecting under +69 Bcf, to keep the streak alive.

 

 

 

 

Wednesday: If Tomorrow's EIA weekly storage report prints under +68 Bcf, it will be the 19th week in a row of coming in lower than the 5-year average. After massive surplus carryouts at the end of the Spring, production has waned considerably when compared to increases in demand from hotter year over year summer temperatures, coal plant retirements, and new users coming on line. This has allowed surpluses to shrink by +541 Bcf over this 18 week span, with further reductions to come in the weeks ahead. For tomorrow's EIA number, early market estimates range from 50s to lower 70s, a larger than normal spread. We're expecting under +68 Bcf, to keep the streak alive.
 

 

 

 

 

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