For today’s storage report our final projection is -58 Bcf

The current Bloomberg survey is -55 and Bloomberg whisper is currently at -56 (the whisper is the average of the 17 top analysts).

Here are the current ICE storage future settles as of yesterday.

Week 1 is -53 [today’s report]

Week 2 is -135

Week 3 is -85

 

There current end of Winter 2021/22 (Apr 8th) is 1610. [Last week was 1610]

There current end of Summer 2022 (Nov 10th) is 3600. [Last week was 3600]

Today’s Fundamentals

Daily US natural gas production is estimated to be  96.6 Bcf/d this morning. Today’s estimated production is +0.01 Bcf/d to yesterday, and +0.23 Bcf/d to the 7D average.

Natural gas consumption is modelled to be 99.1 Bcf today,  -5.82 Bcf/d to yesterday, and -3.94 Bcf/d to the 7D average. US power burns are expected to be 28.5 Bcf today, and US ResComm usage is expected to be 38.6 Bcf. We expect demand to drop over the next 3 days as weather at the national level warms up and we enter the holiday period.

Net LNG deliveries are expected to be 12.7 Bcf today. Freeport noms were revised lower yesterday to 1.6 Bcf/d. The facility continues to have volatile operations since September.

Mexican exports are expected to be 6.3 Bcf today, and net Canadian imports are expected to be 4.7 Bcf today.

The storage outlook for the upcoming report is -58 Bcf today.

This email, any information contained herein and any files transmitted with it (collectively, the Material) are the sole property of OTC Global Holdings LP and its affiliates (OTCGH); are confidential, may be legally privileged and are intended solely for the use of the individual or entity to whom they are addressed. Unauthorized disclosure, copying or distribution of the Material, is strictly prohibited and the recipient shall not redistribute the Material in any form to a third party. Please notify the sender immediately by email if you have received this email by mistake, delete this email from your system and destroy any hard copies. OTCGH waives no privilege or confidentiality due to any mistaken transmission of this email.