Today U.S. NatGas total daily supply estimed lower than yesterday to 90.8 while demad is projected higher to 81.4 bcf as powerburn coming back. General picture is still bearish after weekly EIA natural gas inventories rose by 85 bcf last week as expected.
EIA Natural Gas Storage Data week ending June, 12:
EIA Natural Gas Storage Data Total (06/12/20): 2,892 Bcf Total (06/05/20): 2,807 Bcf Net change: 85 Bcf Implied flow: 85 Bcf Year ago stocks: 2,170 Bcf % change from year ago: 33.3 % 5-year avg stocks: 2,473 Bcf % change from 5-year avg: 16.9 % Storage estimates for week ending 19, June: Bloomberg +108 Reuters +102
For interactive chart click here
Source: NGSA/SP GLOBAL PLATTS, EIA, NOOA