Production continues to decline with the Midcon and Rockies showing a 0.5 Bcf/d decline each in today’s data. Meanwhile the Northeast levels resumed back to March levels.
Today’s Fundamentals
Daily US natural gas production is estimated to be 89.6 Bcf/d this morning. Today’s estimated production is -0.01 Bcf/d to yesterday, and -1.19 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 80.4 Bcf today, +4.25 Bcf/d to yesterday, and +6.77 Bcf/d to the 7D average. US power burns are expected to be 26.94 Bcf today, and US ResComm usage is expected to be 26.7 Bcf.
Net LNG deliveries are expected to be 11.3 Bcf today.
Mexican exports are expected to be 6.8 Bcf today, and net Canadian imports are expected to be 5.4 Bcf today.
The storage outlook for the upcoming report is +54 Bcf today.
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ION-Energy-Daily-Report-Apr-21-2021.pdf