Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Yesterday’s EIA natural gas storage report (period ending 22Jan) showed total US natgas stocks at 2521 Bcf, 5% higher than one year ago. Following a brief reprieve based on this news, which was not unexpected, we should see a bounce in the short term with the cold pattern in the eastern US over the next few days. See AO (CPC) forecast below. The two week pattern looks more benign from a demand perspective (see map).
