This report covers the week ending May 3, 2019.
TOTAL DEMAND
We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 596 bcf for the week ending May 3 (up 10.2% w-o-w and up 13.2% y-o-y). The deviation from the norm remained positive and increased from +9% to +18% (see the chart below).
Source: Bluegold Research Estimates and Calculations
This week, the weather conditions have been abnormally bullish as both heating and cooling demand increased in different parts of the U.S. We estimate that the number of nationwide heating degree-days (HDDs)