Natural Gas - March Is Turning Out To Be Colder Than Expected
Commodity Alert : Natural Gas - March Is Turning Out To Be Colder Than Expected
Strong exports growth and an increase in national consumption ensured that the growth in total demand stayed positive. In fact, on an annualized basis, aggregate demand has not posted a single negative growth figure since January 2010. March is turning out to be colder than expected. A storage report of -62 Bcf would be compared to -57 Bcf last year and -129 Bcf for the five-year average.
Impact : Positive for Natural Gas
Source : Seeking Alpha