Wednesday, November 27, 2019

EIA Natural Gas Storage Report: November 27, 2019

First up, the expectations going into the (one day) early report from FX Empire:
...The report is expected to show a considerably smaller withdrawal compared to last week’s 94 Bcf pull.
Bloomberg analysts are looking for a withdrawal of 27 Bcf, with an expected withdrawal range of 19 Bcf to 35 Bcf. Reuters analysts are predicting a consensus of 28 Bcf, with a range of minus 16 Bcf to minus 42 Bcf.
The ICE EIA Financial Weekly Index settled Tuesday at minus 27 Bcf. Natural Gas Intelligence (NGI) is predicting a withdrawal of 29 Bcf.
Last year, the EIA recorded a 70 Bcf pull for the period. The 5-year Average calls for a minus 57 Bcf....MORE
And from the Energy Information Administration:
for week ending November 22, 2019   |   Released: November 27, 2019 at 12:00 p.m.
Working gas in storage was 3,610 Bcf as of Friday, November 22, 2019, according to EIA estimates. This represents a net decrease of 28 Bcf from the previous week. Stocks were 548 Bcf higher than last year at this time and 31 Bcf below the five-year average of 3,641 Bcf. At 3,610 Bcf, total working gas is within the five-year historical range.

For information on sampling error in this report, see Estimated Measures of Sampling Variability table below.
Working Gas in Underground Storage Compared with Five-Year RangeNote: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 
2014 through 2018. The dashed vertical lines indicate current and year-ago weekly periods.