Eia Storage Report Expectations

Thursday s eia data also showed crude stocks at the cushing okla storage hub edged up by about 1 9 million barrels for the week while total domestic oil production climbed by 300 000 barrels.

Eia storage report expectations. Macroeconomic drivers do not always capture these expectations adequately so specific nems modules may have to be modified to more fully represent longer term energy market changes induced by covid 19. At 15 08 gmt september natural gas futures are trading 2 110 down 0 061 or 2 81. Working gas in storage was 3 455 bcf as of friday august 28 2020 according to eia estimates. Energy information administration eia on thursday reported an injection of 70 bcf natural gas storage for the week ending sept.

Eia assesses the impact and uncertainty of macroeconomic drivers on future energy market behavior as well as mid and long term expectations of energy supply and demand in a post pandemic world. This represents a net increase of 35 bcf from the previous week. Stocks were 538 bcf higher than last year at this time and 407 bcf above the five year average of 3 048 bcf. We anticipate to see a build of 49 bcf which is 7 bcf smaller than a year ago but 5.