Today’s Fundamentals
Daily US natural gas production is estimated to be 89.4 Bcf/d this morning. Today’s estimated production is -0.93 Bcf/d to yesterday, and -1.62 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 66 Bcf today, -1.26 Bcf/d to yesterday, and -7.03 Bcf/d to the 7D average. US power burns are expected to be 28.84 Bcf today, and US ResComm usage is expected to be 11 Bcf. We are at the point of the year where cooling degree days are becoming more influential, and starting to ramp up the power generation.
Net LNG deliveries are expected to be 11.5 Bcf today.
Mexican exports are expected to be 6.9 Bcf today, and net Canadian imports are expected to be 4.5 Bcf today.
The storage outlook for the upcoming report is +8 Bcf today.
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ION-Energy-Daily-Report-Apr-28-2021.pdf