{"id":4511,"date":"2019-01-04T15:16:03","date_gmt":"2019-01-04T20:16:03","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=4511"},"modified":"2019-01-04T15:16:04","modified_gmt":"2019-01-04T20:16:04","slug":"eia-insights-january-04-2019","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/es\/eia-insights-january-04-2019\/","title":{"rendered":"EIA Insights January 04, 2019"},"content":{"rendered":"<p style=\"text-align:left\"><strong>EIA Insights <\/strong><strong>January 04, 2019<\/strong><\/p>\n\n\n\n<p><strong>Natural Gas<\/strong><\/p>\n\n\n\n<p><strong>Withdrawal Less Than Expectations<\/strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n\n\n\n<p>\u00a0The EIA reported a 20 <g class=\"gr_ gr_7 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling\" id=\"7\" data-gr-id=\"7\">bcf<\/g> withdrawal for the week ending December 28, 2018. The withdrawal was the smallest for this week of the <g class=\"gr_ gr_13 gr-alert gr_gramm gr_inline_cards gr_run_anim Punctuation only-del replaceWithoutSep\" id=\"13\" data-gr-id=\"13\">year,<\/g> and less than the average of expectations of a 47 <g class=\"gr_ gr_8 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling\" id=\"8\" data-gr-id=\"8\">bcf<\/g> withdrawal. This low withdrawal was due to increasing production and mild weather in the South Region where there was 20 <g class=\"gr_ gr_9 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling\" id=\"9\" data-gr-id=\"9\">bcf<\/g>\u00a0<em><strong>injection<\/strong><\/em>.\u00a0\u00a0 \u00a0 \u00a0 <\/p>\n\n\n\n<p>\u00a0Monday, December 31, prices gapped down 50 cents to the $3 level on mild weather forecasts, increasing production and expectations of a below average weekly withdrawal. The storage deficit has reduced from over 700 <g class=\"gr_ gr_4 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling\" id=\"4\" data-gr-id=\"4\">bcf<\/g> to a 420 <g class=\"gr_ gr_5 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling\" id=\"5\" data-gr-id=\"5\">bcf<\/g> deficit compared to last year at this time.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/p>\n\n\n\n<p>The $3 level may be <g class=\"gr_ gr_8 gr-alert gr_gramm gr_inline_cards gr_run_anim Grammar only-ins doubleReplace replaceWithoutSep\" id=\"8\" data-gr-id=\"8\">new<\/g> floor on prices. However, if the storage deficit continues to shrink prices may test the $2.50 level. \u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>We would be happy to discuss this commentary with you and provide additional market insights. Feel free to call us at 312-348-7518 or email us at\u00a0joel.fingerman@fundamentalanalytics.com.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img fetchpriority=\"high\" decoding=\"async\" width=\"798\" height=\"460\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-1.jpg\" alt=\"\" class=\"wp-image-4512\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-1.jpg 798w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-1-300x173.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-1-768x443.jpg 768w\" sizes=\"(max-width: 798px) 100vw, 798px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"800\" height=\"589\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-2.jpg\" alt=\"\" class=\"wp-image-4513\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-2.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-2-300x221.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-2-768x565.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"800\" height=\"605\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-3.jpg\" alt=\"\" class=\"wp-image-4514\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-3.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-3-300x227.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-3-768x581.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"602\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-4.jpg\" alt=\"\" class=\"wp-image-4515\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-4.jpg 800w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-4-300x226.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/01\/EIA-104-4-768x578.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"<p>EIA Insights January 04, 2019 Natural Gas Withdrawal Less Than Expectations\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0The EIA reported a 20 bcf withdrawal for the week ending December 28, 2018. The withdrawal was the smallest for this week of the year, and less than the average of expectations of a 47 bcf withdrawal. This low withdrawal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4511","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/4511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/comments?post=4511"}],"version-history":[{"count":7,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/4511\/revisions"}],"predecessor-version":[{"id":4522,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/posts\/4511\/revisions\/4522"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/media?parent=4511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/categories?post=4511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/es\/wp-json\/wp\/v2\/tags?post=4511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}