KOLD - Natural Gas Market Overview: Annual Storage Surplus Is Projected To Shrink But The Forward Curve Is Already Somewhat Pricey
This report covers the week ending July 31, 2020.
Total Supply-Demand Overview
We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 648 bcf (or 92.5 bcf/d) for the week ending July 31 (-0.7 bcf/d w-o-w (week over week) and -0.3 bcf/d y-o-y (year over year)). The deviation from the norm remained positive but declined from +11.7 bcf/d to +9.9 bcf/d.
We estimate that the aggregate supply of natural gas in the contiguous United States (production + imports) totaled around 670 bcf (or 95.7 bcf/d) for the week ending July