Natural Gas Market Flips Into Surplus And Why Prices Are Falling

That's 2 bearish EIA natural gas reports back to back. Relative to our estimate, EIA reported figures that were 10 Bcf higher, which suggests that the fundamental balance is at least ~1.5 Bcf/d looser than we expected.

Following the bearish EIA natural gas storage report today of +82 Bcf versus our estimate of +70 Bcf, we have revised higher storage buil…