Through the first 8 weeks of the traditional storage withdrawal season, natgas inventories have now only fallen by -423 BCF, by far the fewest in the last 5 years. We will see much larger withdrawals in the weeks to come, narrowing this gap, but it’s a lot of ground to make up.Through the first 8 weeks... Show More
Last week: Gas-weighted Heating Degree Days came in at 160 vs 219 normal & 178 prior week.
This week's forecast: This week, CPC predicts GWHDDs will jump to 217 vs 224 normal.
So we get a weak withdrawal today and then the biggest one of the season next week.
...One reason why not much happens... Show More