Today U.S. NatGas total daily supply and demand both estimed lower to 92.5 and 79.7 bcf respectively. HDDs are forecasted below 2019 levels for a third day in a row. 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.
EIA U.S. Natural Gas storage estimates for week ending May 8:
Reuters: +106 bfc
Bloomberg:+106 bfc
*Supply includes production, Canadian imports and net LNG
For interactive chart click here
Source: NGSA/SP GLOBAL PLATTS, EIA, NOO
