Today’s 00z weather runs came showed a bit drop in the heat pattern for the 6-10 day period. Both the GFS Ensemble and Euro Ensemble lost PWCDDs around the long weekend.
The Euro Ensemble is overall significantly cooler. It now moves closer to the 10Y normal for the first third of July.
Today’s Fundamentals
Daily US natural gas production is estimated to be 91.9 Bcf/d this morning. Today’s estimated production is -0.65 Bcf/d to yesterday, and -0.84 Bcf/d to the 7D average.
Natural gas consumption is modelled to be 75.2 Bcf today, -0.44 Bcf/d to yesterday, and +4.55 Bcf/d to the 7D average. US power burns are expected to be 38.4 Bcf today, and US ResComm usage is expected to be 8.4 Bcf.
Net LNG deliveries are expected to be 11 Bcf today.
Mexican exports are expected to be 7 Bcf today, and net Canadian imports are expected to be 4.9 Bcf today.
The storage outlook for the upcoming report is +72 Bcf today.
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ION-Energy-Daily-Report-June-28-2021.pdf