us natural gas estimates on injection

  1. 6,389 Posts.
    Per Roby825

    Gas flows for last week were consistent with an injection of 108 BCF, which would be neutral against both the baseline (110 BCF injection on 51 degree-days) and the more-important backshifted baseline (110 BCF injection), though underlying fundamentals continue to look bearish.

    Flows suggested 64% of operators increased injections over the previous week, 32% decreased injections, and 4% maintained the previous weeks activity. Flows also suggested 96% had net injections for the week, 2% had net withdrawals, and 2% were nearly unchanged.

    NEXT WEEKS EIA REPORT: No break in sight yet. Gas flows suggest 40 BCF injected thus far (through Monday evening), puting us on track for a 115-120 BCF build in next weeks EIA report. On NOAA's 52 degree-day forcast, both baseline and backshifted baseline would be a build of 108 BCF.

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