- This Thursday, I expect the EIA to report 2,101 bcf of working gas in storage for the week ending Feb. 4.
- I anticipate seeing a draw of 222 bcf, 72 bcf larger vs. the five-year average for this time of the year.
- Dry gas production has recovered to 93.7 bcf/d.
- Over the next 30-day period, total natural gas demand (consumption + exports) is expected to average 113 bcf/d (4.5 bcf/d less than a year ago).
- I have closed my short positions in Mar. and April contracts. I will now be looking for opportunities to buy the dips in summer contracts. See the list of executed trades below.
For further details see:
U.S. Natural Gas Market: I Have Closed My Short Positions