US NatGas Supply/Demand balance as of 06-08-2020

Today U.S. NatGas total daily supply and demand both estimed lower than last Friday to 89.0 bcf and 75.2 bcf respectively. Particularly powerburn was weaker than last week because troplical storm Cristobal . General picture is still bearish after weekly EIA natural gas inventories rose by 102 bcf last week   .

EIA Natural Gas Storage Data:

Total (05/29/20): 2,714 Bcf
Total (05/22/20): 2,612 Bcf
Net change: 102 Bcf
Implied flow: 102 Bcf
Year ago stocks: 1,952 Bcf
% change from year ago: 39.0 %
5-year avg stocks: 2,292 Bcf
% change from 5-year avg: 18.4 %
US NatGas Supply/Demand balance as of 06-08-2020
US NatGas Supply/Demand balance as of 06-08-2020
Natural Gas Powerburn and HDDs
Natural Gas Powerburn and HDDs

*Supply includes production, Canadian imports and net LNG

For interactive chart click here

Source: NGSA/SP GLOBAL PLATTS, EIA, NOOA

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