Arrivate le previsioni di Ben.
this weeks storage poll is for week ending 11/16 and reported by EIA on 11/21.
* EIA will report on Wed at 12pm est due to the holiday.
observation:
demand was similar to the week prior.
despite similar degree demand from the week earlier, generation demand for gas was down as returning nuclear and coal units took away loads from gas.
nuclear outage remains historically high for this late in the shoulder season, keeping gas demand elevated by nearly 2bcf/d over last yr and avg levels.
colder w/w temps helped increase res/comm demand by .5bcf/d.
total supply was down slightly from the week prior, but remains near all time historical highs.
last weeks draw appears to be under-reported in the producing and east regions according to my figures. this leads to a potential downward revision to be added to this weeks report.
storage week total population weighted degree demand (HDD + CDD) --
last week: 134 (3cdd 131hdd)
previous week: 131 (6cdd 125hdd)
same week last yr: 111 (4cdd 107hdd)
avg: 133 (4cdd 129hdd)
next wk fcst: 116 (3cdd 113hdd)
* source: NOAA
storage:
same week last yr: +9
5-yr avg: +3
*note: avg and last year storage figures are calculated using this historical data-set provided by eia:
http://ir.eia.gov/ngs/ngsstats.xls
my current estimate is -30 bcf
Happy Thanksgiving!
