GAZB - Natural Gas Market: Next Week The Weather Conditions Are Expected To Cool Down Considerably
- This Thursday, we expect the EIA to report 3,882 bcf of working gas in storage for the week ending October 2.
- We anticipate to see a build of 51 bcf, which is 51 bcf smaller than a year ago and 36 bcf smaller vs. the 5-year average.
- The storage "surplus" relative to 5-year average is projected to shrink by -189 bcf by November 13.
- However, the market has already priced in a rather bullish scenario for the upcoming withdrawal season.
- See our latest 5-week SD balance forecast (scroll down till end page).
For further details see:
Natural Gas Market: Next Week, The Weather Conditions Are Expected To Cool Down Considerably