BOIL - July 2019: Natural Gas Supply-Demand Balance Overview And Forecast
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for April 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for May and June, and conclude with our latest forecast for July, August, and September.
April Overview
Aggregate demand (national consumption plus exports) for American natural gas dropped by 3.70% y-o-y in April 2019 to 83.97 bcf/d. Consumption plunged by 6.60% y-o-y to 72.76 bcf/d due to warmer weather and a very unfavorable base effect. However, exports surged by 20.60% y-o-y to