For today’s storage report our final projection is +82 Bcf (both S/D model and our pipe scrape model show a +82 Bcf injection)
The current Bloomberg survey is +75 and Bloomberg whisper is +76 (the whisper is the average of the 17 top analysts).
Here are the current ICE storage future settles as of May 12th.
Week Ending May 7 is +84
Week Ending May 14 is +80
Week Ending May 21 is +96
There current end of Summer 2021 (Nov 12th) is 3555. [Last week was 3509]
There current end of Winter 2021/22 (Apr 14th) is 1729. (no open interest)
Daily US natural gas production is estimated to be 89.4 Bcf/d this morning. Today’s estimated production is -2.27 Bcf/d to yesterday, and -2.98 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 68.4 Bcf today, -4.25 Bcf/d to yesterday, and -3.6 Bcf/d to the 7D average. US power burns are expected to be 26.14 Bcf today, and US ResComm usage is expected to be 15.9 Bcf.
Net LNG deliveries are expected to be 9.5 Bcf today.
Mexican exports are expected to be 7 Bcf today, and net Canadian imports are expected to be 4.8 Bcf today.
The storage outlook for the upcoming report is +82 Bcf today.
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