Commodity Market Report
North America gas weekly update: Minimal November withdrawals
Report summary
A delayed start to winter is resulting in minimal November US L48 gas storage withdrawals. Colder weather conditions during the Thanksgiving holiday week are expected to result in the start of stronger pulls from storage inventory. However, with booming, record US gas production and relatively mild weather conditions returning by early December, the storage surplus may have a tough time contracting substantially. Due to the Thanksgiving holiday, EIA will be reporting its weekly natural gas storage report one day earlier tomorrow, Wednesday 22 November.
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