Gas Storage Report | Hornsby Energy Trading

US NATURAL GAS INVENTORY SURVEY: Draw Of 126 Bcf Expected – Dow Jones

Published on 02 February 2012 by cwhornsby in Hornsby Energy Trading

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By David Bird

Of DOW JONES NEWSWIRES

Analysts and traders expect government data scheduled for release Thursday to show a smaller-than-normal draw in gas inventories, as mild weather across the U.S. continues to curb demand for gas-fired heating.

Analysts and traders expect government data scheduled for release Thursday to show a smaller-than-normal draw in gas inventories, as mild weather across the U.S. continues to curb demand for gas-fired heating.

The U.S. Energy Information Administration is expected to report 126 billion cubic feet of gas were drawn from storage during the week ended Jan. 27, according to the average prediction of 16 analysts and traders in a Dow Jones Newswires survey.

The U.S. Energy Information Administration is expected to report 126 billion cubic feet of gas were drawn from storage during the week ended Jan. 27, according to the average prediction of 16 analysts and traders in a Dow Jones Newswires survey.

The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EST.

The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EST.

The survey’s median result was for a draw of 127 billion cubic feet, with estimates ranging from a 111 bcf decline to a 135 bcf draw.

The survey’s median result was for a draw of 127 billion cubic feet, with estimates ranging from a 111 bcf decline to a 135 bcf draw.

The storage estimate is less than last year’s 171-bcf draw in storage for the same week, and less than the 202-bcf five-year average draw for the week.

The storage estimate is less than last year’s 171-bcf draw in storage for the same week, and less than the 202-bcf five-year average draw for the week.

If the storage estimate is correct, inventories as of Jan. 27 will total 2.972 trillion cubic feet, about 26% above the five-year average and 25% above last year’s level for the same week.

If the storage estimate is correct, inventories as of Jan. 27 will total 2.972 trillion cubic feet, about 26% above the five-year average and 25% above last year’s level for the same week.

Weekly EIA Storage Report – January 26th.

Published on 26 January 2012 by cwhornsby in Hornsby Energy Trading

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*EIA: US Total Working Gas In Storage -192 Bcf At 3098 Bcf

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Weekly EIA Storage Review – December 22nd.

Published on 22 December 2011 by cwhornsby in Hornsby Energy Trading

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*EIA: US Total Working Gas In Storage -100 Bcf At 3629 Bcf

For full analysis of this week’s report sign up for a two week research trial.

US NATURAL GAS INVENTORY SURVEY: 106 Bcf Draw Seen – Dow Jones

Published on 22 December 2011 by cwhornsby in Hornsby Energy Trading

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The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EST.

The survey’s median result was 105 billion cubic feet, with a high estimate of a 120-bcf draw and a low of a 98-bcf draw. The storage estimate falls short of last year’s 181-bcf draw in storage for the same week and the 140-bcf five-year average draw for that week.

The survey’s median result was 105 billion cubic feet, with a high estimate of a 120-bcf draw and a low of a 98-bcf draw. The storage estimate falls short of last year’s 181-bcf draw in storage for the same week and the 140-bcf five-year average draw for that week.

If the storage estimate is correct, inventories as of Dec. 16 will total 3.623 trillion cubic feet, about 11.8% above the five-year average and 6.7% above last year’s level for the same week.

If the storage estimate is correct, inventories as of Dec. 16 will total 3.623 trillion cubic feet, about 11.8% above the five-year average and 6.7% above last year’s level for the same week.

Warmer-than-normal temperatures have driven inventory draws to come in below average throughout autumn. That continued last week across the northern tier and eastern seaboard of the country. Those patterns are expected to continue into the new year.

Warmer-than-normal temperatures have driven inventory draws to come in below average throughout autumn. That continued last week across the northern tier and eastern seaboard of the country. Those patterns are expected to continue into the new year.