Tomorrow's NG storage reportHavingfunyet, I’m guessing the NG report due out tomorrow is not likely going to be a large injection.
As far as the report
for last week that comes out tomorrow, nat-gas prices trended higher during that week which suggests good demand.
The 2012, 13, 14, 15, 16 injections, prorated to coincide exactly with the Jly 17
th week this year are as follows in Bcf: 26, 52.85, 92.42, 61, 27.70. So, the average for these 5 years comes in at
52Bcf.
I will hazard a guess that the injection tomorrow will be somewhat less than the 61Bcf last week so let’s say 40Bcf. This would give us a 5 yr. average figure of
54.8Bcf resulting in a tiny % increase in the 5 year but nothing to be too concerned about.
The % difference on the one-year deficit figure will continue to narrow as the corresponding week last year was a light injection of
27.7Bcf versus my estimate of
40Bcf. But the 5 year is by far the most important comparison.
I’ll also post the
https://climaton.com/ which gives the Anomaly of Daily Power Demand for the upcoming week and as you will see the heating degree demand is fairly steady for the period. Remember though, it’s just a forecast.