US NatGas Supply/Demand balance as of 05-19-2020

Today U.S. NatGas total daily supply estimed below 90 bcf for the first time since 2019, while demand is still weak  although higher than last week lows to 76.2 bcf. HDDs are forecasted just below 2019 levels. General picture is still bearish after weekly EIA natural gas inventories rose by 103 bcf last week, 20.6% above 5 years average. Through the first 7 weeks of the injection season, 436 BCF has been added to natural gas storage.

US NatGas Supply/Demand balance as of 05-19-2020
US NatGas Supply/Demand balance as of 05-19-2020
US Natural Gas and Powerburn
US Natural Gas and Powerburn

*Supply includes production, Canadian imports and net LNG

For interactive chart click here

Source: NGSA/SP GLOBAL PLATTS, EIA, NOOA

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