Cold Enough This Week, Not Cold Enough Next Week

Written by on February 6, 2018 in NatGasWeather - No comments
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Tuesday, Feb 6th:  The overnight GFS data (black line) forecasts for Total Degree Days (HDD+CDD) showed strong demand this week as two cold blasts/weather systems sweep across the northern and eastern US.  However, the data was milder trending around Feb 12-18th with forecast Heating & Cooling Degree Days below the 30-year normal (dashed line). It’s clearly this after Feb 12 period that the markets don’t like, aided by lower 48-state production remaining near recent all-time highs near 78 Bcf/d.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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