The overnight weather runs were fairly neutral with only the GFS Ensemble showing some GWHDDs show up in the back half of the forecast. Not really notable, especially as we slip into the shoulder season. With the current outlook and longer term view, most meteorologist are calling for a warmer than normal April. This has been the consistent view for sometime. Below is the latest April forecast from Maxar Weather, which shows central part of the country being the warmest vs normals.

 

 

Today’s Fundamentals:

Daily US natural gas production is estimated to be  92.1 Bcf/d this morning. Today’s estimated production is -1.26 Bcf/d to yesterday, and -0.32 Bcf/d to the 7D average.

Natural gas consumption is modelled to be 72.1 Bcf today,  -4.9 Bcf/d to yesterday, and -0.86 Bcf/d to the 7D average. US power burns are expected to be 25.34 Bcf today, and US ResComm usage is expected to be 19.1 Bcf.

 

Net LNG deliveries are expected to be 11.8 Bcf today.

Mexican exports are expected to be 6.5 Bcf today, and net Canadian imports are expected to be 4.1 Bcf today.   

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