- This Thursday, we expect the EIA to report 3,755 bcf of working gas in storage for the week ending September 25.
- We anticipate to see a build of 75 bcf, which is 34 bcf smaller than a year ago and 3 bcf smaller vs. the 5-year average.
- Annual storage "surplus" is projected to shrink by 196 bcf by October 30.
- There still appears to be a bearish divergence between the current price level (and the forward curve) and the number of projected TDDs (see the chart below).
For further details see:
Natural Gas Market: Bearish Divergence Between The Forward Curve And The Number Of Projected TDDs