This report covers the week ending February 8, 2019. Daily data for February 2 to February 7 is estimated. Daily data for February 8 is forecast.
TOTAL SUPPLY/DEMAND BALANCE
We estimate that aggregate demand for American natural gas (consumption + exports) will total around 766 bcf for the week ending February 8 (down 20.0% w-o-w and down 6.0% y-o-y). The deviation from the norm, however, remained positive, but plunged from +28% to +4% (see the chart below).
This week, the weather conditions have warmed up across the country — but particularly in the Midwest, Northeast