HFI Research

HFI Research

Share this post

HFI Research
HFI Research
US Natural Gas Storage To Exceed 2020 Peak
Copy link
Facebook
Email
Notes
More

US Natural Gas Storage To Exceed 2020 Peak

HFI Research's avatar
HFI Research
May 31, 2023
∙ Paid
5

Share this post

HFI Research
HFI Research
US Natural Gas Storage To Exceed 2020 Peak
Copy link
Facebook
Email
Notes
More
Share

Natural gas balances, as of today, are not supportive of higher prices. Some of you may think that this is such an obvious statement, but what I am here to tell you is that US natural gas fundamentals have worsened over the past week.

Looking at our latest supply/demand projections, we are seeing a surplus of 1.74 Bcf/d. Translating this into storage injections, we see triple-digit injections for the next 2 reports, at minimum.

Daily balances are considerably worse than we expected, so we have revised higher 6/2 injection from +110 Bcf to +130 Bcf.

As a result, we have revised higher our November storage forecast to ~3.98 Tcf, which will be higher than that of 2020. 

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 HFI Research
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More