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KOLD - Natural Gas Market Overview: Production Is Declining Faster Than Demand
ProShares UltraShort Bloomberg Natural Gas
This report covers the week ending August 7, 2020.
Total Supply-Demand Overview
We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 617 bcf (or 88.1 bcf/d) for the week ending August 7 (-4.6 bcf/d w-o-w (week over week) and -4.7 bcf/d y-o-y (year over year)). The deviation from the norm remained positive but declined from +10.1 bcf/d to +6.5 bcf/d.
We estimate that the aggregate supply of natural gas in the contiguous United States (production + imports) totaled around 662 bcf (or 94.6 bcf/d) for the week ending August