CPC/NOAA 6-10 Day Outlook

July 10-16: Upper high pressure will rule much of the US with highs of upper 80s to 100s. Cooler exceptions are expected from a weak tropical system bringing squalls to the Mid-Atlantic Coast today with highs of mid-80s, while a fresh weather system arrives over the Great Lakes and Ohio Valley with highs of 70s to 80s. Demand will be very strong the next 7-days across the southern US as highs reach the 100s from California to Texas, with mid-90s across the South and Southeast. Overall, national demand will be HIGH.

 
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July 9:  Today’s EIA weekly nat gas storage report printed a build of +56 Bcf, in line with market expectations of +56-57 Bcf and slightly under the 5-year average.  This improved surpluses slightly to +454 Bcf and pushed supplies to over 3,133 Bcf.  Next week’s build will be a little smaller than this week due to hotter conditions across many US regions week over week.