US NatGas Supply/Demand balance as of 05-11-2020

NatGas total daily supply  estimed slightly  lower to 93.1  while demand with 83.1 bcf is  13.4 bcf higher than last week low. HDDs are forecasted just below 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.

US NatGas Supply/Demand balance as of 05-11-2020
US NatGas Supply/Demand balance as of 05-11-2020
US NatGas Supply/Demand balance as of 05-11-2020
US NatGas Supply/Demand balance as of 05-11-2020

*Supply includes production, Canadian imports and net LNG

For interactive chart click here

Source: NGSA/SP GLOBAL PLATTS, EIA, NOO

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