Commodity Market Report
North America gas weekly update: The holiday effect
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Report summary
Over the Thanksgiving holiday, warmer temperatures in the southern United States offset some late winter weather elsewhere in the country, which contributed to the overall modest weather-driven demand increase on the week. Additionally, US production continued its steady pace of recovery after mild freeze-offs earlier in November. Both sides of the supply-demand ledger are playing a role in the slow start to the withdrawal season. For the storage week ending November 29, Wood Mackenzie anticipates a moderate withdrawal of -14 bcf.
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