This report covers the week ending March 22, 2019.
Total Supply/Demand Balance
We estimate that aggregate demand for American natural gas (consumption + exports) totaled around 726 bcf for the week ending March 22 (up 3.0% w-o-w and up 4.9% y-o-y). The deviation from the norm remained positive and increased from +11% to +21% (see the chart below).
This week, the weather conditions have cooled down across the country – but particularly in the Southeast and Northeast parts of the U.S. We estimate that the number of nation-wide heating degree-days (HDDs) edged up by approximately