Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[C C]

Cooler weather vs warmer weather causing demand on natty

Freezing temperatures had an impact on natural gas production during the cold snap. Dry natural gas production was at a record level of 539 Bcf during the December 29, 2017 report week, and declined to 517 Bcf during the following week, according to PointLogic Energy estimates. Cold weather led to freeze-offs in the Appalachian and Permian Basins that reduced natural gas production. Pipeline imports from Canada and LNG imports increased during this period, partially offsetting some of the production declines. Withdrawals from storage played a key role during this period in meeting natural gas demand




cc