The first time in over a week temps showed some signs of more cool weather. The GFS Ensemble 00z show a couple of extra TDDs across the 15D period, while the Euro Ensemble showed more cool weather in the first 10 days only.
As of yesterday, November HDDs kept slipping lower with a warming patter in the East. The current November outlooks calls for the warmest since 2016 and 4th warmest since 1950. In comparison, 2018 and 2019 ranked as some of the coolest Novembers for the Lower 48.
Source: CWG
Looking forward, the combined +AO (Arctic Oscillation) and -PNA (Pacific North American) indices are signaling continuation of these warmer than expected November themes.
Today’s Fundamentals
Daily US natural gas production is estimated to be 86.4 Bcf/d this morning. Today’s estimated production is -2.62 Bcf/d to yesterday, and -3.5 Bcf/d to the 7D average.
Net LNG deliveries are expected to be 10.4 Bcf today.
Mexican exports are expected to be 6.2 Bcf today, and net Canadian imports are expected to be 4.4 Bcf today.
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ION-Energy-Daily-Report-Nov-10-2020.pdf