Global Macro Perspectives
Working gas in storage fell 45 Bcf from previous week. The consensus was at 52 Bcf.
Storage level is 90 Bcf lower than same time year ago and bellow 5-year average
Worst performing commodity, keeping close watch, but no signs that will change in the near future (jet).
Working gas in storage fell 56 Bcf from previous week. The consensus was at 42 Bcf.
Storage level is 3 Bcf higher than same time year ago.
Japanese nuclear disaster could be a game changer for natural gas as LNG cargoes bound for the U.S. could be diverted to Japan. This could clear the oversupply glut.
Working gas in storage fell 71 Bcf from previous week. The consensus was at 78 Bcf.
Storage level is 48 Bcf higher than same time year ago.
Working gas in storage fell 81 Bcf from previous week. The consensus was at 83 Bcf.
Storage level is 23 Bcf lower than same time year ago.
Heating season is nearing its end, the market is well supplied, so no fundamental reasons for natural gas price recovery.
This is it for this winter…
Working gas in storage fell 233 Bcf from previous week. The consensus was at 235 Bcf.
Storage level is 114 Bcf lower than same time year ago.
Heating season is nearing its end, the market is well supplied, so no fundamental reasons for natural gas price recovery.
Reason for price falling in recent week were milder weather forecasts. Technically natural gas is oversold, s I would not exclude price rebound despite unfavorable storage numbers.
Working gas in storage fell 209 Bcf from previous week. The consensus was at 197 Bcf.
Storage level is 71 Bcf lower than same time year ago.
Working gas in storage fell 189 Bcf from previous week. The consensus was at 187 Bcf.
Storage level is 53 Bcf lower than same time year ago.
Working gas in storage fell 174 Bcf from previous week. The consensus was at 170 Bcf.
Storage level is 21 Bcf higher than same time year ago.
Working gas in storage fell 243 Bcf from previous week. The consensus was at 233 Bcf.
Storage level 109 Bcf higher than same time year ago.
Lot of work on my day job, so I didn’t have time to get to this…
Working gas in storage fell 138 Bcf from previous week. The consensus was at 146 Bcf.
Storage level 107 Bcf higher than same time year ago. In short a replay of last’s year oversupply.
Working gas in storage fell 135 Bcf from previous week. The consensus was at 130 Bcf.
Although the draw was above consensus, it’s a disappointment overall as storage level is only 21 Bcf lower than same time year ago. In short – a replay of last’s year oversupply.
Working gas in storage fell 136 Bcf from previous week. The consensus was at 143 Bcf.
Storage level 44 Bcf lower than same time year ago. In short a replay of last’s year oversupply.
Working gas in storage fell 184 Bcf from previous week. The consensus was at 180 Bcf.
Storage level higher than year ago.
Working gas in storage fell 164 Bcf from previous week. The consensus was at 165 Bcf.
Demand seems to be not sufficient to clear the excess inventory; looks like another lost winter for natural gas price ahead.
Working gas in storage fell 89 Bcf from previous week. The consensus was at 80 Bcf.
I expect further increases in storage draws in following weeks.
