From: research
Sent: Thursday, May 28, 2020 7:18:34 AM (UTC-06:00) Central Time (US & Canada)
To: research
Subject: Daily Market Report – May 28, 2020
L48 Production looked to have rebounded off the lows set last week over the weekend, but today we once again see production back at 83.2 Bcf/d.
For today’s storage report our estimate is slightly lower this morning to +107 Bcf. The current Bloomberg survey is +105
Today’s Fundamentals:
Daily US natural gas production is estimated to be 83.2 Bcf/d this morning. Today’s estimated production is -0.3 Bcf/d lower than yesterday, and -0.16 lower than the 7D average.
Natural gas consumption is modelled to be 66.9 Bcf today, -0.04 Bcf compared to yesterday and +0.77 Bcf to the 7D average. US power burns are expected to be 32.8 Bcf today, and US ResComm usage is expected to be 8.0 Bcf.
Net LNG deliveries are expected to be 6.5 Bcf/d today.
Mexican exports are 5.0 Bcf/d. Net Canadian imports dropped to 4.8 Bcf/d.
Bloomberg IM: Het Shah
enelyst DM: @het.co
Tel: 917-975-2960
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ION-Energy-Daily-Report-May-28-2020.pdf