The United States demand for dry natural gas declined 6 percent YoY and 12.1 percent MoM in the month of May 2013. During the same period, natural gas production increased 0.81 percent YoY and remained fairly stable. This indicates that we can expect bearish trends in the natural gas market.
Gas demand falls short
Total U.S. natural gas demand stood at 56.1 billion cubic feet per day (bcfpd) in May while the total supply during the same period was 66.15 bcfpd. During the same month, the U.S. registered natural gas exports of 4.58 bcfpd,...