With colder weather ahead, Refinitiv data estimates natgas demand, including exports, would rise from 121.1 billion cubic feet per day this week to 126.1 billion cubic feet per day next week.
Bespoke Weather Services said since last week, weather models have shifted “materially colder” for parts of the US through mid-January.
“While the 15-day period as a whole remains solidly warmer than normal, we have chipped away at a good deal of the warmth, and it is important, in our view, to note that the colder changes are focused over the next eight to 10 days,” Bespoke said. “This signals risk that models toward mid-month and beyond could again be too warm.”
PetroNeft Resources plc (LON:PTR) is an international oil and gas exploration and production company, focussed on Russia. The company’s shares are listed on the London AIM and Dublin ESM Markets.
