Today U.S. NatGas total daily supply and demand both estimed lower than yesterday to 89.8 and 72.7 bcf respectively, remarking a weak powerburn over last weekend. General picture is still bearish after weekly EIA natural gas inventories rose by 93 bcf last week as expected.
EIA Natural Gas Storage Data week ending June, 5:
EIA Natural Gas Storage Data Total (06/05/20): 2,807 Bcf Total (05/29/20): 2,714 Bcf Net change: 93 Bcf Implied flow: 93 Bcf Year ago stocks: 2,059 Bcf % change from year ago: 36.3 % 5-year avg stocks: 2,386 Bcf % change from 5-year avg: 17.6 %
For interactive chart click here
Source: NGSA/SP GLOBAL PLATTS, EIA, NOOA