# A Warm Winter Would Be 'Catastrophic' For Natural Gas | OilPrice.com

> Bank of America Merrill Lynch expects US natural gas prices to stay constrained by oversupply over the next few years. US gas stocks were about 519 bcf above the year-earlier level in mid-October, and the bank sees storage possibly reaching a record 4.2 tcf by 2021. The bank also lowered its 1Q20 price forecast, citing a weak coal market that caps gas prices.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12166-a-warm-winter-would-be-catastrophic-for-natural-gas-oilprice-com
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Persistent oversupply and record storage limit the upside for gas prices even if winter turns cold. A mild northern-hemisphere winter could push prices lower still.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- oilprice.com: https://oilprice.com/Energy/Energy-General/A-Warm-Winter-Would-Be-Catastrophic-For-Natural-Gas.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.