{"id":3655,"date":"2018-08-24T13:16:45","date_gmt":"2018-08-24T17:16:45","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=3655"},"modified":"2018-08-24T13:20:29","modified_gmt":"2018-08-24T17:20:29","slug":"eia-insight-for-august-23-2018","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/eia-insight-for-august-23-2018\/","title":{"rendered":"EIA Insight for August 23, 2018"},"content":{"rendered":"<h4 style=\"text-align: center;\"><strong>EIA Insights\u00a0<\/strong><strong>August 23, 2018<\/strong><\/h4>\n<h5>Natural Gas<\/h5>\n<h5><strong>Injection Below Expectations<\/strong><\/h5>\n<p><span style=\"color: #000000;\">The EIA reported a 48 Bcf Injection for the week ending August 17, 2018. The injection was below the average, 52 Bcf, for this week of the year, and below the average of expectations of a 52 Bcf injection. Expectations had a range from a 40 Bcf injection to a 56 Bcf injection. It was another week of withdrawals from the Pacific Region and the South Region due to the hot weather.<\/span><\/p>\n<p><span style=\"color: #000000;\">Storage at 2,435 Bcf is now nearly 700 Bcf below the storage level at this time last year.\u00a0 \u00a0\u00a0The computer model projection of ending storage (see blue dashed line below) has storage at a record low of \u00a03,150 Bcf by November, again about 700 Bcf below last year&#8217;s ending storage.\u00a0 Storage levels that low could have serious consequences should there be a colder than normal winter.\u00a0 There are expectations of new additional production of natural gas available for the winter which is probably why prices are not higher.\u00a0 However,\u00a0 if the additional production does not materialize or is not sufficient then there will be major price spikes during the winter season.<\/span><\/p>\n<p><span style=\"color: #000000;\">Prices moved up with the release of the report but traded in a narrow range through the remainder of the trading day, ending basically unchanged for the day.<\/span><\/p>\n<p><span style=\"color: #000000;\">Prices have moved up to the $2.97 level after establishing a strong uptrend.\u00a0 We still suggest consideration of trading from the long side, and especially if prices can break through the long term trading range above $3.00.\u00a0<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3656\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-1.jpg\" alt=\"\" width=\"789\" height=\"450\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-1.jpg 789w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-1-300x171.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-1-768x438.jpg 768w\" sizes=\"(max-width: 789px) 100vw, 789px\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-3657\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-2.jpg\" alt=\"\" width=\"1111\" height=\"812\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-2.jpg 1111w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-2-300x219.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-2-768x561.jpg 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-2-1024x748.jpg 1024w\" sizes=\"(max-width: 1111px) 100vw, 1111px\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-3658\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-3.jpg\" alt=\"\" width=\"1018\" height=\"737\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-3.jpg 1018w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-3-300x217.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-3-768x556.jpg 768w\" sizes=\"(max-width: 1018px) 100vw, 1018px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3659\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-4.jpg\" alt=\"\" width=\"1116\" height=\"791\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-4.jpg 1116w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-4-300x213.jpg 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-4-768x544.jpg 768w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2018\/08\/EIA-8-24-18-4-1024x726.jpg 1024w\" sizes=\"(max-width: 1116px) 100vw, 1116px\" \/><\/p>\n<p>For further information contact joel.fingerman@fundamentalanalytics.com<\/p>","protected":false},"excerpt":{"rendered":"<p>EIA Insights\u00a0August 23, 2018 Natural Gas Injection Below Expectations The EIA reported a 48 Bcf Injection for the week ending August 17, 2018. The injection was below the average, 52 Bcf, for this week of the year, and below the average of expectations of a 52 Bcf injection. Expectations had a range from a 40 [&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-3655","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/3655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/comments?post=3655"}],"version-history":[{"count":3,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/3655\/revisions"}],"predecessor-version":[{"id":3662,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/3655\/revisions\/3662"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/media?parent=3655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/categories?post=3655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/tags?post=3655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}