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

NatGas total daily supply revised down over last days.  Today it is forseen down to 91.7 bcf while demand is improving  thanks to exceptionally colder temperatures expected over next weekend.

One of the coldest modified polar air masses on record so late in the season expected toward next weekend. 30s and areas of frost may work into the Deep South. #cold pic.twitter.com/Quo0jokeJv

— Michael Palmer (@MPalmerTWC) May 3, 2020

General picture is still bearish 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