Demand centers in the northeastern US could provide some support to spot natural gas futures next week.  While daytime temperatures will still be pretty mild for much of the northeast, evening demand will start to creep in and lower than expected build numbers may help to limit downside risk in early Nov.

(blue is cooler than [...]

Here’s a link to our article for Exploration & Production Magazine:
 

Came across this map today – hadn’t seen this NOAA site before

Looking at the last month, OLR anomalies indicating a couple of notable features: (1) less prcp in northeastern India, per the Weather Trends forecast, with implications for the Monsoon, and (2) more convection off of West Africa moving westward into the Central Atlantic, per the Weather Trends forecast, highlighting the potential for more tropical activity [...]

Even though the extreme heat seen over the last 1-2 weeks will subside, the pattern is still generally warm and cooling demand will remain strong.  Last Thursday’s EIA release showed natural gas stocks (Bcf) -3.1% vs. same time last year, while the weekly build (+28 Bcf) was smaller than most market analyst expectations.  [...]