- Currently, we expect the EIA to report a draw of 135 bcf next week (a final estimate will be released on Wednesday).
- Annual storage surplus is projected to shrink by 265 bcf by February 12.
- Our storage level outlook is still rather bullish vs. market expectations.
- If the latest weather forecast remains unchanged, total natural gas demand in the U.S. will rise by 3.3 bcf/d y-o-y over the next two weeks.
- Concurrently, total supply is projected to decline by 1.4 bcf/d y-o-y over the same period.
For further details see:
Natural Gas: The Weather Forecast Is Bearish, But Supply Continues To Decline