KOLD - Natural Gas Market Overview: Annual Storage Surplus Keeps Growing But At A Slower Pace
This report covers the week ending October 11, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 565 bcf for the week ending October 11 (down 4.4% w-o-w (week over week) but up 0.3% y-o-y (year over year)). The deviation from the norm remained positive but dropped from +21.00% to +14.50%. We estimate that total demand has remained above the 5-year norm for 39 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down significantly across the Lower-48 states.