- This Thursday, I expect the EIA to report 2,484 bcf of working gas in storage for the week ending June 11.
- I anticipate seeing a build of 73 bcf, 14 bcf smaller compared to the five-year average for this time of the year.
- Please note that I am not factoring in PG&E reclassification, which should reduce the implied injection.
- If EIA reports the reclassification without any adjustments, end-of-season storage indices will decline by no less than 51 bcf.
- The total supply-demand balance should be somewhat loose next week (+0.1 bcf/d y-o-y) but will tighten up a bit in the following week to -1.9 bcf/d y-o-y.
For further details see:
Natural Gas: Bullish Storage Report Ahead; Other Signals Mixed