This report covers the week ending November 8, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 710 bcf for the week ending November 8 (up 7.4% w-o-w (week over week) and up 10.8% y-o-y (year over year)). The deviation from the norm remained positive and actually increased from +26.0% to +30.0%. We estimate that total demand has remained above the 5-year norm for 43 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down significantly across the Lower-48