- The market is spooked by warm weather and seems to believe that there is a dangerous oversupply, which needs to be eliminated.
- In fact, there is no oversupply in the market right now and storage surpluses are actually projected to shrink.
- Indeed, if the latest extended-range weather forecast remains unchanged, annual storage surplus will disappear by mid-January.
- Actual TDDs are currently projected to trend lower until December 10 but are then projected to trend higher.
- A massive charts gallery attached (scroll down to see everything).
For further details see:
Natural Gas: No, There Is No Oversupply In The Market Right Now