This report covers the week ending May 24, 2019.
Total Demand
We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 556 bcf for the week ending May 24 (down 1.3% w-o-w but up 6.5% y-o-y). The deviation from the norm remained positive, but increased only slightly from +16.8% to +17.6% (see the chart below).
Source: Bluegold Research Estimates and Calculations
This week, the weather conditions have warmed up significantly across the Lower-48 states. We estimate that the number nationwide cooling degree-days (CDDs) surged by no less than 55.0% w-o-w. Overall,