Free Trial
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 Aug. 24 is forecast to be 2 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 W S Central, 32 CDD above average, Mountain, 31 CDD above average, and Middle Atlantic, 13 CDD below average.
- In terms of states with the greatest deviations, Colorado is forecast to be 46 CDD above average, followed by Texas at +45 CDD above normal and New Mexico at +35 CDD above average.
- This week’s total forecast for CDD is 65, compared to a normal of 63 and down from the actual figure of 68 from last week.
- During the week to Aug. 17, the US was in line with the long-term normal.
- Texas was the state with the highest total CDD at 150 CDD, 23 CDD 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.
Source: Bloomberg/NOAA
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok