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

  April 24-30: Mild to warm conditions will dominate the US with highs of mid-60s to 80s for very light national demand. There will be slightly cooler exceptions across the far northern US where highs will be in the 50s to 60s. A weather system will bring heavy showers to the south-central US/Texas and Mississippi Valley the next few days, although still warm with highs of 60s and 70s. Stronger cooling is expected across the northern US this weekend through early next week for an increase in national demand as highs drop into the 50s to lower 60s, locally 40s. Overall, national demand will be LOW to VERY LOW through Friday, then MODERATE.

April 18:  Today’s EIA weekly nat gas storage report printed a build of +92 Bcf, larger than market expectations that were near +90 Bcf and much bigger build than the 5-year average of +21 Bcf.  The build increased supplies to 1,247 Bcf and modestly improved deficits to -414 Bcf.  Next week is expected to show another modestly larger than normal build compared to normal to further improve deficits towards -390 Bcf.

 
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