GAZB - Natural Gas Market Overview: Dry Gas Production Has Reached A Major Long-Term Peak
This report covers the week ending November 1, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 665 bcf for the week ending November 1 (up 10.5% w-o-w (week over week) and up 13.0% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +17.2% to +27.2%. We estimate that total demand has remained above the 5-year norm for 42 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down significantly across the Lower-48