First up the estimates via FX Empire:
...The EIA report is expected to show a lighter-than-average weekly withdrawal from U.S. natural gas stocks on Thursday. A Bloomberg survey Wednesday showed a median 56 Bcf pull, while a Reuters poll landed on a withdrawal of 59 Bcf.
Natural Gas Intelligence’s model predicted a 51 Bcf withdrawal for the EIA report, which covers the week-ended March 6. Estimates as of Wednesday ranged from minus 49 Bcf to minus 66 Bcf.
Last year, EIA recorded a 164 Bcf pull for the similar week, and the five-year average is a withdrawal of 99 Bcf....And from the Energy Information Administration, the report:
for week ending March 6, 2020 | Released: March 12, 2020 at 10:30 a.m.
Working gas in storage was 2,043 Bcf as of Friday, March 6, 2020, according to EIA estimates. This represents a net decrease of 48 Bcf from the previous week. Stocks were 796 Bcf higher than last year at this time and 227 Bcf above the five-year average of 1,816 Bcf. At 2,043 Bcf, total working gas is within the five-year historical range.And the price result via FinViz:
1.9260 up o.0850 (4.62%)
Wood Mackenzie: "Oil market rout could boost Asia’s gas demand" (plus an EMH vignette)
Natural Gas: "Force majeure notices from Chinese LNG buyers: prelude to a renegotiation?"
Goldman Sachs: Oil prices will stay near $30 for next 6 months amid Saudi-Russia price war
Oil: U.S. Breakeven Prices by Basin
