U.S. natgas extends slide as milder weather outlook prevails

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Refinitiv forecast typical U.S. gas demand, including exports, to rise slightly from 111.5 bcfd this week to 115.6 bcfd next week, however this was still lower than Mondays projections. Week ended Week ended Year ago Five-year Nov 19 Nov 12 Nov 19 typical (Actual) (Actual) Nov 19 U.S. weekly natgas storage change (bcf): -21 26 -11 -44 U.S. overall natgas in storage (bcf): 3,623 3,643 3,943 3,681 U.S. total storage versus 5-year average -1.6% -2.2% Advertisement This ad has not loaded yet, however your article continues below. Post material Global Gas Benchmark Futures ($ per mmBtu) Current Day Prior Day This Month Prior Year Five Year Last Year Average 2020 (2016-2020) Henry Hub 4.87 5.20 2.87 2.13 2.66 Title Transfer Facility (TTF) 31.99 30.84 4.84 3.24 5.19 Japan Korea Marker (JKM) 36.25 34.89 6.80 4.22 6.49 Refinitiv Heating (HDD), Cooling (CDD) and Total (TDD) Degree Days Two-Week Total Forecast Current Day Prior Day Prior Year 10-Year 30-Year Norm U.S. GFS HDDs 310 321 356 370 370 U.S. GFS CDDs 6 4 2 6 5 U.S. GFS TDDs 316 325 358 376 375 Refinitiv U.S. Weekly GFS Supply and Demand Forecasts Prior Week Current Week Next Week This Week Five-Year Last Year Average For Month U.S. Supply (bcfd) U.S. Lower 48 Dry Production 96.8 97.6 98.1 91.7 84.6 Advertisement This advertisement has actually not packed yet, but your short article continues below. Post content U.S. Imports from Canada 8.4 8.9 9.0 8.8 8.0 U.S. LNG Imports 0.0 0.0 0.0 0.0 0.2 Total U.S. Supply 105.3 106.5 107.1 100.5 92.8 U.S. Demand (bcfd) U.S. Exports to Canada 3.1 3.3 3.3 2.5 2.7 U.S. Exports to Mexico 5.3 5.4 5.4 5.7 4.9 U.S. LNG Exports 11.7 11.9 11.7 10.9 4.6 U.S. Commercial 13.4 13.2 13.8 14.6 11.1 U.S. Residential 21.1 20.8 21.8 24.1 16.5 U.S. Power Plant 26.2 25.8 24.5 28.4 24.5 U.S. Industrial 23.9 23.7 23.7 25.1 23.5 U.S. Plant Fuel 4.8 4.8 4.8 4.8 4.7 U.S. Pipe Distribution 2.4 2.4 2.4 2.4 2.1 U.S. Vehicle Fuel 0.1 0.1 0.1 0.1 0.1 Total U.S. Consumption 91.9 90.9 91.2 99.5 82.5 Total U.S. Demand 112.0 111.5 111.6 118.6 94.7 U.S. weekly power generation percent by fuel– EIA Week ended Week ended Week ended Week ended Week ended Advertisement This ad has not filled yet, however your short article continues below. Article material Dec 3 Nov 26 Nov 19 Nov 12 Nov 5 Wind 11 14 14 14 9 Solar 2 2 2 2 3 Hydro 6 6 6 6 6 Other 2 2 2 2 2 Petroleum 1 1 1 1 1 Natural Gas 35 34 35 35 40 Coal 20 20 19 19 19 Nuclear 23 22 21 21 19 SNL U.S. Natural Gas Next-Day Prices ($ per mmBtu) Hub Current Day Prior Day Henry Hub 4.90 4.93 Transco Z6 New York 5.50 4.91 PG&E Citygate 5.50 6.00 Dominion South 4.54 4.47 Chicago Citygate 4.66 4.62 Algonquin Citygate 7.92 5.92 SoCal Citygate 4.85 5.22 Waha Hub 4.40 4.72 AECO 3.81 4.24 SNL U.S. Power Next-Day Prices ($ per megawatt-hour) Hub Current Day Prior Day New England 82.75 52.75 PJM West 47.00 24.00 Ercot North 41.00 40.00 Mid C 28.29 34.00 Palo Verde 44.75 38.25 SP-15 52.75 42.00 (Reporting by Bharat Govind Gautam in Bengaluru and Scott DiSavino; Editing by Nick Zieminski) Share this article in your social network Advertisement This advertisement has actually not loaded yet, but your post continues listed below.

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