Commodity Market Report
North America gas markets weekly update: February futures decline stopped by cold forecast
Report summary
** 57 bcf withdrawal expected ** WM HDD index down 22% ** East -18 bcf, Midwest -30 bcf, South Central -2 bcf, Pacific -4 bcf, Mountain -3 bcf Inventories are rapidly normalising this week. Warmer temperatures have reduced withdrawals more than you might expect if you are looking at 2017 as a baseline. During the week ending December 22, 2017 temperatures were nearly as warm and withdrawals still totalled 112 bcf for the week. Anyway you slice the numbers, withdrawals are several bcfd looser than they were last year.
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