From: research
Sent: Wednesday, April 15, 2020 7:04:48 AM (UTC-06:00) Central Time (US & Canada)
To: research
Subject: Daily Market Report – April 15, 2020
The latest GFS Ensemble and ECMWF Ensemble 00z run moved warmer by ~3 GWHDD in the 11-15 day period. This now takes the forecast below the 10Y normal for that time frame.
Fundamentals:
Daily US natural gas production is estimated to be 90.3 Bcf/d this morning. Today’s estimated production is -0.4 Bcf/d lower than yesterday, and -1.03 lower than the 7D average.
Natural gas consumption is modelled to be 87.7 Bcf today, +0.18 Bcf higher than yesterday and +0.75 Bcf higher than the 7D average. US power burns are expected to be 26.1 Bcf today, and US ResComm usage is expected to be 30.7 Bcf.
Net LNG deliveries are expected to be 8.7 Bcf/d today.
Mexican exports are 4.9 Bcf/d. Canadian imports dropped to 5.0 Bcf/d.
Bloomberg IM: Het Shah
enelyst DM: @het.co
Tel: 917-975-2960
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ION-Energy-Daily-Report-Apr-15-2020.pdf