GAZB - Natural Gas Market: Total Natural Gas Demand Has Passed Its Lowest Point And Is Now Projected To Trend Higher
- This Thursday, we expect the EIA to report 3,915 bcf of working gas in storage for the week ending November 6.
- We anticipate to see a draw of 4 bcf, which is 16 bcf larger than a year ago and 37 bcf larger vs. the 5-year average.
- Annual storage "surplus" is projected to shrink by 9 bcf by December 11.
- See our latest 5-week storage level outlook (scroll down to see the last chart).
- Total natural gas demand has already passed its lowest point (on November 8) and is now projected to trend higher.
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Natural Gas Market: Total Natural Gas Demand Has Passed Its Lowest Point And Is Now Projected To Trend Higher