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NatGasWeather.com - Daily Reports & Live HDD/CDD Statistics

Thursday's Headlines: Larger vs Normal EIA Draw on Tap. Cool Northern US Pattern to Continue into Early April.
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Thursday:  What’s likely to aid volatility today is the morning EIA storage report, where survey averages suggest a draw of -71-76 Bcf, larger than the 5-year average of -45 Bcf. It was cooler than normal over most of the northern 2/3 of the US, while warmer than normal over the southern tier. We expect a draw of -76 Bcf, and if close will improve surpluses to +348 Bcf.

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NatGasWeather.com provides daily weather forecasts focused on the nat gas industry, specifically how coming weather patterns will affect heating demand and potentially prices.  You will also receive hurricane, summer, and winter outlooks, as well as updates on El Nino/La Nina.

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This Weeks Nat Gas Demand

March 23-29:  National demand will be light today as warm high pressure rules much of the southern and eastern US w/highs of 50s to 80s. Cooler than normal weather systems will track across the western, central, and far northern US this weekend and next week w/lows of 10s to 30s and highs of 30s to 50s for moderate national demand, but not strong with the southern US remaining comfortable w/highs of 60s to 80s.

March 23 EIA Report vs Normal

EIA Nat Gas Report: March 23

Nat Gas In Underground Storage

March 23:   Today’s EIA weekly nat gas storage report printed a draw of -72 Bcf, in line with market expectations, although larger than the 5-year average draw of -45 Bcf. The draw decreased supplies from 1,972 to 1,900 Bcf and decreased surpluses to +351 Bcf.  Next week’s EIA report will be factoring a colder pattern last weekend for another larger than normal draw.

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UNG Roll Over – 2023