- This Wednesday, we expect the EIA to report 3,932 bcf of working gas in storage for the week ending November 20.
- We anticipate to see a draw of 26 bcf, which is 21 bcf smaller than a year ago and 11 bcf smaller vs. the 5-year average.
- Annual storage surplus is projected to shrink by 120 bcf by December 25.
- In the new week, the number of nationwide HDDs will surge by 42% w-o-w and should rise above the norm.
- Annual storage surplus is currently projected to shrink by 120 bcf by December 25.
For further details see:
Natural Gas: January Contract Looks Undervalued