- This Thursday, I expect the EIA to report 3,620 bcf of working gas in storage for the week ending Oct. 29.
- I anticipate seeing a build of 72 bcf, 34 bcf larger vs. the five-year average for this time of the year.
- U.S. dry natural gas production has recently set a record-high (for this time of the year) - 96.5 bcf/d.
- The winter forecast is a major uncertainty. The price can potentially drop as low as $3.500 or rise as high as $6.500.
- Fundamentally, there is no explicit shortage of natural gas in the U.S.
For further details see:
U.S. Natural Gas Market: Record-High Production And 3 More Storage Injections