Streak of EIA Nat Gas Builds Under 5-year Average

Written by on November 10, 2016 in NatGasWeather - No comments

Thursday:  The steak of weekly builds coming in under the 5-year average will end at 26 weeks after today’s EIA weekly storage report is announced.  The market is expecting a build around +50-52 Bcf according to survey estimates, which would be above the 5-year average of +38 Bcf.  It was warmer than normal over much of the US except for the Northeast and portions of the West.  Next week’s build is also expected to be over the 5-year average due to mild temperatures occurring over much of the US this week.   The supply/demand environment remains tighter Year over Year, so the reason the streak is coming to an end can solely be blamed on weather.







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