CPC/NOAA Seasonal Outlook – Summer (June, July, Aug)

Jan 21-27:   Cool to cold conditions will spread across the northern US the next few days with highs of 20s to lower 40s for stronger national demand. The West will be cool and unsettled with areas of rain and snow and highs of 20s to 50s. The central and southern US will be mild to warm with highs of 40s to 70s for light demand. After a brief break Monday across the Midwest and East, another chilly cold shot will arrive mid-next week with lows of 0s to 30s for a return to strong national demand. Overall, LOW demand today, then increasing to HIGH by Saturday.

 
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January 14:  Today’s EIA weekly nat gas storage report printed a draw of -134 Bcf, larger than survey averages around -128 Bcf.   This decreased supplies to 3,196 Bcf and increased surpluses to +218 Bcf vs the 5-year average.  Next week should bring a larger draw than this week.