Satellite

Oct 19-25:   Cool conditions linger across the Midwest and Ohio Valley in the wake of a weekend cold shot with highs of only 30s to 50s. Most of the rest of the US will be comfortable to warm w/highs of 70s and 80s besides locally hotter 90s over portions of California and the Southwest. Conditions will warm across the Great Lakes/Ohio Valley as the week progresses w/highs of 60s & 70s, while still chilly over the N Rockies & Plains w/20s-40s. Overall, national demand will be HIGH today, then LOW Tue-Fri.

 
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October 15:  Today’s EIA weekly nat gas storage report printed a build of +46 Bcf, smaller than market expectations of +50-55 Bcf and a bit smaller than the 5-year average of +87 Bcf.  We were exact with our +46 Bcf call.  This increased supplies to 3,877 Bcf and improved surpluses to +353 Bcf.  Next week’s build should be a little larger than this week’s.