Natural gas prices rebounded on Wednesday ahead of Thursday’s inventory report from the Department of Energy. Expectations are for a 76 BCF build according to survey provider Estimize.
The weather is expected to remain mild, moving from warmer than normal throughout the country over the next 6-10 days, to mild on the coasts and normal in the mid-section during the next 8-14 days. Hurricane Delta is headed for the Gulf of Mexico where it is expected to make landfall as a category 3 or 4 storms, in Louisiana on Friday. Approximately 20% of the US natural gas has now been shut in due to the storm.
LNG exports rose in the latest week, slightly increasing demand.
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