US NATGAS: California Natgas Fundamentals
Nov-21 17:27
California demand is steady despite warmer-than-normal weather, with a deeper system imbalance driven by weaker Rockies and Permian/San Juan inflows while Mexican exports edge higher
- California week ahead weather forecasts are calling for warmer than normal weather. California cumulative HDDs increased by 0.07 compared with the prior forecast.
- LA cumulative HDDs count for the next 5 days is 41.74, up 3.99 days from the 10-year normal, while the count for the next 14 days is 0, up 23.01 days from the 10-year normal.
- San Francisco cumulative HDDs count for the next 5 days is 0, down 4.43 days from the 10-year normal, while the count for the next 14 days is 5.99, down 5.93 days from the 10-year normal.
- The California imbalance is -1.3 Bcf/d today, 0.22 Bcf/d longer than yesterday and 1.66 Bcf/d shorter than last week.
- California demand is 6.77 Bcf/d today, down 0.42 Bcf/d from yesterday and up 1.05 Bcf/d from last week.
- Permian/San Juan inflows are 2.5 Bcf/d today, down 0.02 Bcf/d from yesterday and down 0.1 Bcf/d from last week.
- Rockies inflows are 1.6 Bcf/d today, down 0.22 Bcf/d from yesterday and down 0.37 Bcf/d from last week.
- Inflows from the PNW are 1.7 Bcf/d today, up 0.02 Bcf/d from yesterday and down 0.26 Bcf/d from last week.
- Mexican exports reached 0.3 Bcf/d today, up 0.02 Bcf/d from yesterday and up 0.12 Bcf/d from last week.
- All fundamentals data is BNEF. Current figures as of publishing.
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