Cooler Trends Next Week Add’s HDD’s But w/Loss of CDD’s

Written by on May 7, 2019 in NatGasWeather - No comments

Tuesday, May 7:  While national demand will increase Wed-Sun, more recent data has backed off slightly on it due to a little less coverage of lows of 30s over the northern US. Still lighter than normal demand, just a little stronger compared to recent days. However, the most notable changes to the forecast held for next week as cooler than normal conditions sweep across all regions of the country east of the Rockies, including deep into the southern US. Again, this has resulted in the gaining of demand across the northern US as lows of 30s and 40s continue but has also resulted in the loss of demand across the southern US as coverage of upper 80s and 90s shrinks, offsetting. This will thereby continue to keep bearish weather headwinds in place as 100+ Bcf builds line up numerous deep after this week’s comes in a little under. Of course, other factors have been also driving nat gas trading the past few weeks.

Highs Thu-Sun will be just a touch cool across the central and northern US compared to normal, while a touch hot over portions of the far southern US.

 

Next Week:  Cool vs normal east of the Plains.  But this mean losing demand over the southern US as coverage of highs of upper 80s to lower 90s shrinks.

 

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