GAZB - Natural Gas Weekly: Total Demand Is Expected To Remain Above The Norm
This report covers the week ending February 1, 2019. Daily data for January 26 to January 31 is estimated. Daily data for February 1 is forecast.
Total Supply/Demand Balance
We estimate that aggregate demand for American natural gas (consumption + exports) will total around 945 bcf for the week ending February 1 (up 9.0% w-o-w and up as much 23.0% y-o-y). The deviation from the norm rose from an already high level of +20% to an even higher level of +27% (see the chart below).
This week, the weather conditions have cooled down across the