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AMERICAS OIL: NOAA Weather Outlook Still Bearish Through Feb 12

AMERICAS OIL
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NOAA Weather Outlook Still Bearish Through Feb 12 

  • The NOAA 6–14-day outlook is predominantly bearish for heating demand, with above-normal temperatures expected from the Southeast to the Southwest while the Upper Northwest and northern New England are below normal. Thus, only parts of PADDs 1 and 5 are likely to see elevated heating demand.
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NOAA Weather Outlook Still Bearish Through Feb 12 

  • The NOAA 6–14-day outlook is predominantly bearish for heating demand, with above-normal temperatures expected from the Southeast to the Southwest while the Upper Northwest and northern New England are below normal. Thus, only parts of PADDs 1 and 5 are likely to see elevated heating demand.