The change in weather from Friday shows temperatures well-above normal for the next week. The GFS Ensemble and Euro Ensemble both trended warmer over the weekend, which now takes the short-term outlook well above the 10Yr normal levels. This was the TDD change from Friday’s 12Z on a daily basis.
The remnants of Henri will continue to produce heavy rain at times across portions of the Mid-Atlantic and Northeast into Tuesday morning before moving on. Widespread rain are expected, especially East of the Appalachians.
Today’s Fundamentals
Daily US natural gas production is estimated to be 92 Bcf/d this morning. Today’s estimated production is -0.82 Bcf/d to yesterday, and -0.68 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 76.1 Bcf today, +2.21 Bcf/d to yesterday, and +0.45 Bcf/d to the 7D average. US power burns are expected to be 40.8 Bcf today, and US ResComm usage is expected to be 7.6 Bcf.
Net LNG deliveries are expected to be 10.5 Bcf today.
Mexican exports are expected to be 6.6 Bcf today, and net Canadian imports are expected to be 5 Bcf today.
The storage outlook for the upcoming report is +46 Bcf today.
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ION-Energy-Daily-Report-Aug-23-2021.pdf