GAZB - Natural Gas Market: The Weather Has Gone From 'Abnormally Cold' To 'Abnormally Warm'
- This Thursday, we expect the EIA to report 3,927 bcf of working gas in storage for the week ending October 30.
- We anticipate to see a draw of 28 bcf, which is 77 bcf larger than a year ago and 80 bcf larger vs. the 5-year average.
- Annual storage "surplus" is projected to shrink by 19 bcf by December 4.
- However, next week (ending November 13), annual storage "surplus" is projected to expand by as much as 86 bcf.
- See our latest 5-week storage level outlook (scroll down to see the last chart).
For further details see:
Natural Gas Market: The Weather Has Gone From 'Abnormally Cold' To 'Abnormally Warm'