EIA's weekly reports will come out on Jan 5
Posted: Wed Jan 04, 2023 4:22 pm
EIA's weekly reports that normally come out on Wednesday morning have been pushed back to Thursday morning.
For the week ending December 30th, I do expect to see a draw from natural gas storage that is much larger than the 5-year average. The temperatures have been warmer than normal after winter storm Elliott move north into Canada, but well freeze offs reduced U.S. gas production by more than 10 Bcfpd for a week.
BTW there are two large low-pressure zones that are going to hit the West Coast very hard. It will take a few days to know if these storms will move into the Great Lakes Region. Blizzards will be "historic" in the Mountain West.
For the week ending December 30th, I do expect to see a draw from natural gas storage that is much larger than the 5-year average. The temperatures have been warmer than normal after winter storm Elliott move north into Canada, but well freeze offs reduced U.S. gas production by more than 10 Bcfpd for a week.
BTW there are two large low-pressure zones that are going to hit the West Coast very hard. It will take a few days to know if these storms will move into the Great Lakes Region. Blizzards will be "historic" in the Mountain West.