After a 106-week run of lower-than-normal natural gas inventories, the deficit to the five-year average has finally flipped to a surplus in the week ending October 11th, 2019. In late November 2018, the deficit had peaked at 725 Bcf and a combination of mild weather and record production has somehow put this market back at a surplus within a calendar year. In three out of the past four weeks, injections have surpassed 100 Bcf which is 27% more than typical injections for this time of year. Read more by following the link below.
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