Click here to listen to the latest episode of NGI’s Hub & Flow, in which NGI Senior Markets Editor Kevin Dobbs interviews veteran natural gas trader Thomas Saal, senior vice president of energy at StoneX Financial.
Saal digs into supplies in storage, record production, the impact of speculators, moderate winter weather-driven demand so far and LNG export activity – the myriad pieces that make up the winter supply/demand puzzle and how they may impact prices through the heating season and beyond.
Saal and Dobbs spoke shortly after the latest Energy Information (EIA) storage report was released on Thursday (Dec. 7). EIA printed a 117 Bcf withdrawal for the week ended Dec. 1. Yet inventories remained nearly 7% above the five-year average for this time of year.
Record production in November that topped 106 Bcf/d, combined with mostly benign weather through the fall, accounted for much of the difference. However, the overall natural gas picture is more complicated than that. Dobbs and Saal delve into more detail.
Believing that transparent markets empower businesses, economies and communities, NGI – which publishes daily, weekly and monthly natural gas indexes at pricing points across North America – works to provide natural gas price transparency for the Americas. NGI’s Hub & Flow podcast is a part of that effort.
