NatGas Supply/Demand balance as of 05-01-2020

Today NatGas total daily supply and demand are forseen lower to 94.3 and 75.9 bcf respectively.

NatGas supply/demand as of 5/1/2020
NatGas supply/demand as of 5/1/2020

Utility is impacting negatively on an already weak demandĀ  asĀ  heating demand has not been totally replaced by cooling demand yet.

HDDs vs NatGas powerburn
HDDs vs NatGas powerburn

General picture is still grim after weekly EIA nat-gas inventories rose +70 bcf last week.

*Supply includes production, Canadian imports and net LNG

For interactive chart click here

Source: NGSA/SP GLOBAL PLATTS, EIA, NOOA

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.