MLPG - Natural Gas Market: First Storage Draw To Be Reported Next Week But Consumption Will Temporarily Drop
- Aggregate demand for U.S. natural gas totaled around 703 bcf (or 100.4 bcf/d) for the week ending October 30.
- Aggregate supply of natural gas in the contiguous United States totaled around 655 bcf (or 93.6 bcf/d) in the same week.
- Currently, we expect the EIA to report a draw of 25 bcf next week (a final estimate will be released on Wednesday).
- Annual storage "surplus" is projected to shrink by 143 bcf by December 4.
- Total demand (consumption + exports) is projected to drop sharply - albeit temporarily - from November 2 to November 6.
For further details see:
Natural Gas Market: First Storage Draw To Be Reported Next Week, But Consumption Will Temporarily Drop