CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US EIA Storage Data Expected to Draw by 203bcf: BNEF

NATGAS

The US EIA gas storage data due for release at 10:30ET (15:30GMT) is expected to show a withdrawal of -203bcf for the week ending Jan 26 according to BNEF after the large draw driven by the severe cold weather last week.

  • A Bloomberg survey average suggests a draw of -208bcf on the week compared to the seasonal normal draw of -184bcf.
  • The BNEF samples-based model predicts a withdrawal of -201bcf while the weather-based supply and demand model predicts a withdrawal of -209bcf.
  • Total storage was last week reported at 2,856bcf after a large -326bcf draw on the week. US storage was 142bcf higher than the seasonal average of 2,714bcf and 80bcf lower than the previous 5-year high.
  • Consumption is forecast down by 13.7bcf/d on the week to 119.6bcf/d driven by residential / commercial and industrial demand. Supply is expected to have recovered up by 3.4bcf/d to 90.9bcf/d.
  • The early view for the week ending Feb 2 is a withdrawal of -76bcf.
    • US Natgas MAR 24 up 0.3% at 2.11$/mmbtu
Energy BulletsPower BulletsCommoditiesUS
Energy BulletsPower BulletsCommoditiesUS

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.