GAZB - U.S. Natural Gas Market: Demand Is Picking Up But Slowly
- This Thursday, we expect the EIA to report 3,945 bcf of working gas in storage for the week ending November 13.
- We anticipate to see a build of 18 bcf, which is 84 bcf larger than a year ago and 42 bcf larger vs. the 5-year average.
- Annual storage surplus is projected to shrink by 29 bcf by December 18.
- This week, the number of nationwide HDDs will surge by 50% w-o-w but will still remain below the norm.
- Actual TDDs are currently projected to trend higher but remain mostly below the norm until December 1.
For further details see:
U.S. Natural Gas Market: Demand Is Picking Up, But Slowly