GAZB - Natural Gas Market Overview: 450+ Bcf Could Be Injection Into Storage Over The Next 6 Weeks
This report covers the week ending October 4, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 587 bcf for the week ending October 4 (up 0.8% w-o-w (week over week) and up 5.4% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +16.70% to +20.00%. We estimate that total demand has remained above the 5-year norm for 38 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down across the Lower-48 states,