This report covers the week ending November 15, 2019.
Total Demand
We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 802 bcf for the week ending November 15 (up 12.2% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The deviation from the norm remained largely unchanged at +31.3%. We estimate that total demand has been above the five-year norm for 44 consecutive weeks now.
Source: Bluegold Research estimates and calculations
This week, the weather conditions have cooled down significantly across the Lower-48 states. We estimate that