Declines In Nat Gas Surpluses Stall On Mild Fall Temperatures

Written by on November 4, 2016 in NatGasWeather - No comments
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Friday:  Nat Gas Storage will end the build season nearly identical where it was at the end of last season.  However, structurally, supply/demand balances are tighter Year over Year.  The problem so far this fall season has been the lack of below freezing temperatures, which has led to a missed opportunity for surpluses to decrease further than they could have.   Nat gas demand the next 10 days will remain well below normal, so we look to the second half of November for stronger cooling.   The image shows monthly nat gas storage in green bars,  with the blue line showing supplies vs the 5-year average.  You will note surpluses have decreased considerably since last Spring, but have stalled on mild fall temperatures.

 

Friday: Nat Gas Storage will end the builds season nearly identical where it was at the end of last season. However, structurally, supply/demand balances are tighter Year over Year. The problem so far this fall season has been the lack of below freezing temperatures, which has led to a missed opportunity for surpluses to decrease further than they could have. Nat gas demand the next 10 days will remain well below normal, so we look to the second half of November for stronger cooling. The image shows monthly nat gas storage in green bars, with the blue line showing supplies vs the 5-year average. You will note surpluses have decreased considerably since last Spring, but have stalled on mild fall temperatures.

Friday:  Nat Gas Storage will end the build season nearly identical where it was at the end of last season. However, structurally, supply/demand balances are tighter Year over Year. The problem so far this fall season has been the lack of below freezing temperatures, which has led to a missed opportunity for surpluses to decrease further than they could have. Nat gas demand the next 10 days will remain well below normal, so we look to the second half of November for stronger cooling. The image shows monthly nat gas storage in green bars, with the blue line showing supplies vs the 5-year average. You will note surpluses have decreased considerably since last Spring, but have stalled on mild fall temperatures.

 

 

 

 

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