US NatGas Supply/Demand balance as of 05-13-2020

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

US NatGas Supply/Demand balance as of 05-13-2020
US NatGas Supply/Demand balance as of 05-13-2020
US NatGas HDDs and Powerburn
US NatGas HDDs and Powerburn

*Supply includes production, Canadian imports and net LNG

For interactive chart click here

Source: NGSA/SP GLOBAL PLATTS, EIA, NOO

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