The EIA reported an injection of +23 Bcf into the lower 48’s storage for the week ending July 18. The estimated +33 Bcf was not very high already, but such a small injection makes inventories look basically flat this week. Total inventories are now 3,075 Bcf, still well above the 5-year average of 2,904 Bcf.

Dawn, on the other hand, is more or less balanced between injections and withdrawals. The past couple weeks had net injections, but could soon shift to net withdrawals due to decreased flow from pipelines that feed into Dawn from the US, on top of especially strong cooling demand. Toronto is currently under a heat warning, hitting 35 degrees Celsius during the day, plus humidity.

Stay cool!