NOAA is currently tracking three storms in the Atlantic as we get closer to the peak of the tropical storm season, which is around September 10th. The Atlantic has already had 9 named storms and 2 hurricanes through August 4. Researchers at Colorado State University
Invest 97-L has more than a 60% chance of developing into a cyclone. NHC forecasters say that environmental conditions are conducive for further development, and a tropical depression is expected to form during the next day or two while the system moves generally west-northwestward at 15 to 20 mph across the central and western portions of the tropical Atlantic.
Invest 98L which is close behind has a 90% chance of tropical cyclone formation within the next 5 days and a 90% chance within the next 48 hours.
Here is a summary of the latest forecast (Aug 5th) from researchers at Colorado State University.
Today’s Fundamentals:
Daily US natural gas production is estimated to be 85.1 Bcf/d this morning. Today’s estimated production is -1.25 Bcf/d to yesterday, and -1.4 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 72.5 Bcf today, -2.06 Bcf/d to yesterday, and -3.49 Bcf/d to the 7D average. US power burns are expected to be 384 Bcf today, and US ResComm usage is expected to be 8 Bcf.
Net LNG deliveries are expected to be 4.8 Bcf today.
Mexican exports are expected to be 6.1 Bcf today, and net Canadian imports are expected to be 4.6 Bcf today.
Bloomberg IM: Het Shah
enelyst DM: @het.co
Tel: 917-975-2960
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ION-Energy-Daily-Report-Aug-19-2020.pdf