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EIA: Gas Bull Looms

November 17, 2020

EIA forecasts that U.S. working natural gas in storage is poised to swing from a surplus to the five-year average to a deficit before the heating season ends in March. EIA forecasts less U.S. natural gas production this winter year-over-year with inventory draws that will outpace the five-year average and end March 2021 at 1.5 Tcf, which will be 16% lower than the 2016–20 average.

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EIA forecasts less U.S. natural gas production this winter