Thursday, April 18, 2019

Natural Gas Glut -- April 18, 2019

Natural gas: US shale gas swamps market -- Bloomberg. Data points:
  • natural gas futures tumbled to lowest level in almost three years
  • soothes concern about a potential supply crunch next winter
  • inventories are more than 30% below normal, they're poised to refill quickly
Graphic posted below.

Fill rate, link here. Look at the steep curve. And how early it turned.

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