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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
US cooling demand for the week ending Sep. 14 is forecast to be 8 cooling degree days (CDD) above the long-term normal, according to Bloomberg, citing the NOAA.
- The regions with the largest deviation from the normal are Mountain, 22 CDD above average, the Pacific 15 CDD above average, and New England, 12 CDD above average.
- In terms of states with the greatest deviations, Nebraska is forecast to be 64 CDD above average, followed by South Dakota at +43 CDD above normal and North Dakota at +33 CDD above average.
- This week’s total forecast for CDD is 49, compared to a normal of 41 and down from the actual figure of 50 from last week.
- During the week to Sep. 7, the US was 2 CDD above normal. It had been forecast to be 8 above normal.
- Arizona returned to being the state with the highest total CDD at 141 CDD, 19 above normal.
- CDD measures the number of degrees that the mean daily temperature is above 65 degrees Fahrenheit, summed across an entire week. Greater values signify higher heating demand.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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