GAZB - Natural Gas Market: Annual Storage Surplus Is Likely To Disappear By The End Of The Year
- Aggregate demand for U.S. natural gas totaled around 608 bcf (or 86.8 bcf/d) for the week ending October 16.
- Aggregate supply of natural gas in the contiguous United States totaled around 643 bcf (or 91.8 bcf/d) in the same week.
- Currently, we expect the EIA to report a build of 48 bcf next week (a final estimate will be released on Wednesday).
- Annual storage "surplus" is projected to shrink by -156 bcf by November 20.
- See our latest five-week storage forecast (scroll down till end page).
For further details see:
Natural Gas Market: Annual Storage Surplus Is Likely To Disappear By The End Of The Year