Commodity Market Report
North America gas weekly update: the last of the withdrawals?
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Report summary
Will this be the last of the withdrawals for the winter season? The shoulder season is always a little tricky, but barring any sudden changes in weather, fundamentals are starting to push us into a positive supply-demand balance. We look to end the winter with storage levels a little above 1.1 tcf. While this is the lowest point they have been since the winter of 2013/2014, at least it is not a stock-out, a risk the market was considering in mid-November.
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