GAZB - Natural Gas Market Overview: Production Remains Surprisingly Strong But Struggles To Get Stronger
This report covers the week ending November 15, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 802 bcf for the week ending November 15 (up 12.2% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The deviation from the norm remained largely unchanged at +31.3%. We estimate that total demand has been above the five-year norm for 44 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down significantly across the Lower-48 states. We estimate that