Thursday, April 16, 2020

EIA Natural Gas Storage Report

Front (May) futures: 1.635  up 0.037 after trading as low as 1.555.

First, the pre-release estimates via FX Empire:
...Natural Gas Intelligence (NGI) reported that Energy Aspects issued a preliminary estimate for a 60 Bcf build in this week’s Energy Information Administration (EIA) storage report for the week-ending April 10.
NGI also said a Bloomberg survey showed projections ranging from 42 Bcf to 78 Bcf, with a median build of 67 Bcf. A Dow Jones poll showed estimates as low as 39 Bcf and produced an average 58 Bcf injection. NGI’s model pegged the build at 57 Bcf.
Last year, the EIA recorded a 73 Bcf build for the similar week, and the five-year average is a build of 27 Bcf....
And from the Energy Information Administration:
for week ending April 10, 2020   |   Released: April 16, 2020 at 10:30 a.m. 
...Working gas in storage was 2,097 Bcf as of Friday, April 10, 2020, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week. Stocks were 876 Bcf higher than last year at this time and 370 Bcf above the five-year average of 1,727 Bcf. At 2,097 Bcf, total working gas is within the five-year historical range....
Finally, from the CME:

https://www.tradingview.com/x/2GVIllgQ/