DJ UPDATE: US GAS: Futures Up More Than 3% On Crude, Cold
futuresource.quote.com
The market all but seemed to ignore preliminary storage data pointing at an
overabundance of gas. Government data is expected to show on Thursday that 54
billion cubic feet of gas were injected into storage during week ended Oct. 19,
according to the average prediction of 23 analysts and traders in a Dow Jones
Newswires survey. That amount is 30 bcf more than what was injected during the
same week last year.
Bloomberg: Nymex Natural Gas Advances on Storm Concern, Crude Oil Surge
bloomberg.com
U.S. natural-gas supplies probably increased 55 billion cubic feet in the week ended Oct. 19, according to the median of responses by 19 analysts in a Bloomberg survey.
Forecasts ranged from a high of 85 billion cubic feet to a low of 43 billion cubic feet.
--
Reuters: New York Mercantile Exchange
natural gas futures ended higher on Wednesday, backed by a
strong rally in crude, cool early November forecasts and
technical buying after four straight losing sessions despite
soft cash prices and mild U.S. weather this week, traders
said.
investorvillage.com
A Reuters survey on Wednesday showed inventories were
expected to climb 54 bcf when weekly EIA storage data is
released Thursday at about 10:30 a.m.
Physical Natural Gas Prices for next day delivery - Down almost everywhere.
intelligencepress.com
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Expectations for tomorrow's EIA storage report.
Dow Jones Survey - 54 Bcf
Bloomberg Survey - 55 Bcf
Reuters Survey - 54 Bcf
robry825 - 61 Bcf
z24blackjet - 56 Bcf
And some other estimates
bloomberg.com
Banc of America 42 to 52 Bcf
C.H. Guernsey 45 to 50 Bcf
Caprock Risk Management 65 Bcf
Citigroup 50 Bcf
ConocoPhillips 56 Bcf
Gelber & Associates 54 Bcf
ICAP Energy 59 Bcf
IAF Advisors 62 Bcf
J.P. Morgan Chase Bank 62 Bcf
Jefferies & Co. 50 to 60 Bcf
Lehman Brothers 85 Bcf
Man Financial 43 Bcf
Morgan Stanley 48 to 58 Bcf
Ritterbusch & Assoc. 57 Bcf
Raymond James & Assoc. 40 to 50 Bcf
RBC Capital Markets 53 Bcf
Societe Generale 62 Bcf
Summit Energy 55 Bcf
---
Bentek
bentekenergy.com
GULF PRODUCTION MONITOR: October 24, 2007
Total Gulf production is flat today despite another small gain at Independence Hub, which brought production from the facility up to 653,000 Dth/d compared to about 640,000 Dth/d in Tuesday's evening cycle. Gulf production is up to 11.6 Bcf/d, which is up nearly 2% from the month-to-date average for October and production levels last October. Month-to-date averages are 8% higher than levels last year in the federal waters offshore Louisiana. Total offshore production is up about 3% month-to-date compared to 2006.
TEXAS ENERGY BULLETIN: October 24, 2007
Due to the hot weather and nuke outages referenced above, Socal held more value than other pipes in the region, dropping only 12 cnts to $6.56. Waha was off 28 cnts to $6.18, bringing the Socal - Waha differential up to 39 cnts. Flows from El Paso to California were up by 125,000 while flows east from Waha flipped to negative meaning that net gas is flowing west. Waha to Ship Channel held at about 13 cnts. Ship Channel edged above Henry for the first time in two weeks, moving to a 1 cnt premium. Henry was down 33 cnts to $6.30 while Ship Channel dropped 29 cnts to $6.31. Panhandle declined 29 cnts to $5.81. Flows from Permian to Waha also flipped, for a net change of almost 200,000 MMbtu. Implied heat rates are down into the 7's.
US POWER - GAS BURN REPORT: October 24, 2007
US gas burn falls by 1.5 Bcf today to land at 18.5 Bcf, an 8% decline from yesterday's I2 cycle. Yesterday's I2 nominations rose 870 MMcf from yesterday's evening cycle to come in just above 20 Bcf. Yesterday's jump was caused by increases in FRCC, SERC and the WECC. Today's declines are more widespread, but FRCC and SERC are down the most, off 227 MMcf and 254 MMcf respectively. ERCOT is off 144 MMcf in the sample, while the RFC is down 109 MMcf. Total burn for Oct 2007 is 1.8 Bcf more than Oct 2006.
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Tropical Weather.
Gas up on Tropical Storm worries? Don't make me laugh.
There are no active storms or invests.
This is the NHC Atlantic Tropical Weather Outlook
nhc.noaa.gov
1130 AM EDT WED OCT 24 2007
FOR THE NORTH ATLANTIC...CARIBBEAN SEA AND THE GULF OF MEXICO...
A WEAK AREA OF LOW PRESSURE CENTERED ABOUT 100 MILES EAST-NORTHEAST
OF THE NORTHERN LEEWARD ISLANDS IS PRODUCING A LARGE AREA OF
CLOUDINESS AND SHOWERS. WHILE THIS SYSTEM HAS A WELL-DEFINED
LOW-LEVEL CIRCULATION...SHOWERS AND THUNDERSTORMS REMAIN POORLY
ORGANIZED AND PRIMARILY DISPLACED TO THE EAST. UPPER-LEVEL WINDS
ARE EXPECTED TO REMAIN UNFAVORABLE FOR SIGNIFICANT DEVELOPMENT OF
THIS SYSTEM AS IT MOVE SLOWLY WESTWARD DURING THE NEXT COUPLE OF
DAYS.
AN AREA OF DISTURBED WEATHER IS LOCATED OVER THE CARIBBEAN SEA
BETWEEN COLOMBIA AND JAMAICA. THERE ARE CURRENTLY NO SIGNS OF
ORGANIZATION BUT UPPER-LEVEL ARE FORECAST TO SLOWLY BECOME A LITTLE
MORE FAVORABLE FOR DEVELOPMENT DURING THE NEXT COUPLE OF DAYS.
ELSEWHERE...TROPICAL CYCLONE FORMATION IS NOT EXPECTED DURING THE
NEXT 48 HOURS.
$$
FORECASTER RHOME |
