US NatGas Supply/Demand balance as of 05-08-2020

NatGas total daily supply  and demand both estimed higher to 94 and 84.1 bcf respectively while HDDs are forecasted on 2019 levels. General picture is still bearish after weekly EIA natural gas inventories rose 109 bcf last week, above 5 years average.Through the first 6 weeks of the injection season, +333 BCF has been added to natural gas storage, 88 bcf more than the 5-yr average.

NatGas supply and demands as of 5-8-2020
NatGas supply and demands as of 5-8-2020
US Natural Gas Hdds and powerburn as of 5-8-2020
US Natural Gas Hdds and powerburn as of 5-8-2020

*Supply includes production, Canadian imports and net LNG

For interactive chart click here

Source: NGSA/SP GLOBAL PLATTS, EIA, NOO

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