Natural Gas: He Who Fights And Runs Away

There's a lot of gas around.
Injections of excess gas into storage were 102 Bcf  versus expectations that were a lot lower:

...Traders are looking for today’s EIA report, due to be released at 14:30 GMT, to show an injection in the upper 80s or low 90s Bcf for the week-ending September 20.
Bloomberg analysts are looking for a median 92 Bcf, with estimates from 79 Bcf to 100 Bcf. The Wall Street Journal sees an average 89 Bcf, with a range of 83 Bcf to 96 Bcf. Reuters analysts are looking for 89 Bcf, with responses from 79 Bcf up to 96 Bcf.
Intercontinental Exchange EIA Financial Weekly Index futures settled Tuesday at 92 Bcf. NGI’s model predicted a 90 Bcf injection.

A year ago the EIA reported a 51 Bcf build. The five-year average is a 74 Bcf injection....

—FX Empire

The expiring front futures (October) are down 9.1 cents to 2.411

The soon-to-be front November futures are down 8.8 cents at 2.430

From the EIA:

Weekly Natural Gas Storage Report

for week ending September 20, 2019   |   Released: September 26, 2019 at 10:30 a.m.   |   Next Release: October 3, 2019

Working gas in underground storage, Lower 48 states Summary text CSV JSN
														Historical Comparisons
	Stocks billion cubic feet (Bcf)													Year ago (09/20/18)						5-year average (2014-18)
Region	09/20/19			09/13/19			net change			implied flow				Bcf			% change			Bcf			% change
East	794			763			31			31				726			9.4			803			-1.1
Midwest	934			898			36			36				796			17.3			913			2.3
Mountain	194			188			6			6				173			12.1			198			-2.0
Pacific	286			279			7			7				258			10.9			309			-7.4
South Central	998			974			24			24				809			23.4			1,030			-3.1
Salt	207			200			7			7				175			18.3			261			-20.7
Nonsalt	790			774			16			16				634			24.6			769			2.7
Total	3,205			3,103			102			102				2,761			16.1			3,252			-1.4
Totals may not equal sum of components because of independent rounding.

Summary

Working gas in storage was 3,205 Bcf as of Friday, September 20, 2019, according to EIA estimates. This represents a net increase of 102 Bcf from the previous week. Stocks were 444 Bcf higher than last year at this time and 47 Bcf below the five-year average of 3,252 Bcf. At 3,205 Bcf, total working gas is within the five-year historical range....MORE

We'll be back when the Weekly update is released.