RE:RE:RE:RE:Still climbing efficientmyass wrote: nowayjose wrote: The build was right on the money ...............................................
efficientmyass wrote: it's supposed to be climbing at this time of year and won't start drawing until November. the build was smaller than expected though.
45bcf build vs expectations of 47.
since the beginning of June, actual build has been 566bcf vs expectations of 606bcf.
Natural gas demand in the US (power burn + residential + industrial) year to date is higher than the last 4 years as are exports to mexico. the LNG export market has taken it in the rear end, but that is a short term issue. once those inventories burn off and the surge in previously shut in domestic production turns down, we will be into the winter and drawing done inventory at a ferocious clip. At that point the lack of drilling and completions activity will be biting hard at both crude and gas inventories.