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

April 12-18:   After a mild to warm day over most of the US today with comfortable highs of 50s to 80s, a series of colder than normal weather systems with rain, snow, and chilly lows of 20s to 40s will sweep across the northern 2/3 of the US the rest of the week for a swing to strong national demand. The southern US will also see bouts of showers, although mostly comfortable with highs of 60s to 80s besides hotter 90s Southwest deserts.

 
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April 8:  Today’s EIA weekly nat gas storage report printed a build of +20 Bcf, smaller than market expectations of +21-26 Bcf.   This increased supplies to 1,784 Bcf and improved deficits to -24 Bcf.  Next week’s EIA report is expected to bring a notably larger build compared to the 5-year average due to warm vs normal conditions over most of the US this past week.