Buckle up During the next 2 weeks , NG inventories are slated to fall by 170 Bcf vs the 5 year average and 277 bcf vs 2023.
As many will appreciate , the futures prices for February 2024 and subseguent are notional in nature due to the fact that participants who are not in the physical market can hold even a predominant sway.
Yet every so often the physical players hold the trump cards. This in my mind will be one of those times.
As many know, even brief shortages of nat gas deliverability can lead to tremendous price increases
I firmly believe that this will be one of those times.
Enjoy the ride !!