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US to Face Weekend of Severe Heat: Reuters

NATGAS

Dangerously hot conditions will dominate the remainder of the July 4th weekend across the US West Coast, Southeast, and Middle Atlantic seaboard, according to Reuters.

  • This will leave around 108m Americans exposed to excessive heat.
  • The West Coast will be around 15-30 degrees above average. Reaching 110F (43C).
  • This is likely to boost local demand for gas-fired power generation as cooling demand looks set to jump, offering some support to natural gas prices.

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