This report covers the week ending June 7, 2019.
Total Demand
We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 572 bcf for the week ending June 7 (up 1.5% w-o-w and up 10.4% y-o-y). The deviation from the norm remained positive but increased only slightly from +21.0% to +21.2% (see the chart below).
Source: Bluegold Research Estimates and Calculations
Last week, the weather conditions have warmed up slightly across the Lower-48 states. We estimate that the number of nationwide cooling degree-days (CDDs) increased by around 8.7% w-o-w. However, total