Satellite

April 9-15:   A very light US demand pattern continues as strong high pressure rules most of the US w/highs of 50s to 70s across the northern US and 70s to 90s across the southern US. Slightly cooler exceptions will occur across the Great Lakes as a weather systems brings showers, thunderstorms, while a second system brings rain and snow to the Rockies. Colder weather systems will arrive over the Mountain West and N. Plains mid-next week with rain, snow, and chilly lows of 20s and 30s for increasing national demand. Overall, very light demand into early next week, then MODERATE-HIGH by mid-next week.

 
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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.