Weather Data Adds Demand Back vs Start of the Week

Written by on February 12, 2020 in NatGasWeather - 1 Comment

Wednesday, February 12:  The overnight weather data trended colder with a weather system for the second half of next week, adding nearly 10 HDD’s. The graph below highlights this trend in the European model. There’s also a nice frigid cold shot coming tomorrow through Thursday across the Midwest and East for strong demand. Essentially, with the weather system next week trending colder, weather patterns aren’t quite as bearish compared to what they showed a the start of the week.

The overnight weather data trended colder to add numerous HDD’s, especially with a weather system into the Northeast US late next week. 

 

A strong cold shot remains on track to sweep across the Midwest and Northeast late this week for a swing to strong national demand.

 

A cold shot remains on track to sweep across the Midwest and Northeast Thu-Sat where lows will drop into the -20s to 20s for a surge in national demand, aided by lows of 30s into the South and Southeast and 0s to 10s from Chicago to NYC.

One Comment on "Weather Data Adds Demand Back vs Start of the Week"

  1. SS Reddy February 13, 2020 at 7:10 am ·

    The colder weather could last a few days or a week, so effectively, this may not change the Natural Gas prices, which are destined for lower this month to at least low 1.70s, if not lower.

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