- This Thursday, I expect the EIA to report 2,814 bcf of working gas in storage for the week ending August 13.
- I anticipate seeing a build of 38 bcf, 4 bcf larger vs. the five-year average for this time of the year.
- The annual storage deficit is currently projected to shrink by 4 bcf by September 17.
- The latest numerical weather prediction models agree that TTDs should stay mostly above the norm.
- Over the next two weeks, the total balance should be slightly looser vs. a year ago at around +1.7 bcf/d y-o-y.
For further details see:
Natural Gas Trading: Looser Balance Over The Next 2 Weeks