North American gas

Published at 12:28 2 Aug 2017 by . Last edited 13:45 2 Aug 2017.

Energy Aspects expects tomorrow’s EIA storage number to be a 21 bcf injection. Our forecasts for the next Forecasts continue to show cooler-than-normal weather over the next five to 10 day across most of the US, suggesting power sector gas demand will be lower than last year. Our balances show power sector gas demand down by 1.4 bcf/d y/y in the current week (ending 4 August) at 35.6 bcf/d. Last August was 17% warmer than the 10-year norm in terms of CDDs. Forecasts are showing a cooler trend for this month, meaning y/y power sector gas demand losses should push up towards 3.0 bcf/d from the 1.5-2.0 bcf/d level seen in July...

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