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home / news releases / MLPG - Natural Gas: The Weather Forecast Is Bearish But Supply Continues To Decline

MLPG - Natural Gas: The Weather Forecast Is Bearish But Supply Continues To Decline

UBS AG Jersey FR SP REDEEM 09/07/2040 USD 25 - 902641620
  • Currently, we expect the EIA to report a draw of 135 bcf next week (a final estimate will be released on Wednesday).
  • Annual storage surplus is projected to shrink by 265 bcf by February 12.
  • Our storage level outlook is still rather bullish vs. market expectations.
  • If the latest weather forecast remains unchanged, total natural gas demand in the U.S. will rise by 3.3 bcf/d y-o-y over the next two weeks.
  • Concurrently, total supply is projected to decline by 1.4 bcf/d y-o-y over the same period.

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Natural Gas: The Weather Forecast Is Bearish, But Supply Continues To Decline
Stock Information
Company Name: UBS AG Jersey FR SP REDEEM 09/07/2040 USD 25 - 902641620
Stock Symbol: MLPG
Market: NYSE
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