U.S. Natural Gas Market Summary

6-10 Day Outlooks

Temperature Probability

Precipitation Probability

8-14 Day Outlooks

Temperature Probability

Precipitation Probability

  • The current European Ensemble PWCDD forecast is similar to last year and seasonal levels with heat distributed in the West offsetting lower than normal temperatures elsewhere.

Lower 48 Weekly Working Gas In Underground Storage

  • US gas storage increased 119 bcf on the latest EIA report. Total working gas in storage is 1,986 BCF which is 182 bcf higher than last year and 240 bcf below the five-year average of 2,226 bcf.
  • NYMEX natural gas prices have been trending lower as higher than expected builds have likely increased expected end of season inventories. Front month July futures settled at 2.324 on Thursday, June 6th. As gas prices move lower, economics should incentivize coal to gas switching in power plants.

Lower 48 Weekly Working Gas Stocks, minus five-year average, and near-month futures prices

  • This chart suggests the 2019 gas balance is loose compared to years past. This observation is supported by higher injections compared to years past. Natural gas is pricing to pick up EG demand to balance.

This newsletter also contains forward-looking statements. Any statements that are not historical facts, including statements about Kinetrex’ beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates and projections and you should not place undue reliance on them.