Daily Market Report – May 28, 2021

Daily Market Report – May 28, 2021

Yesterday the EIA reported a +115 Bcf storage injection for the week ending May 21. The number came in well above the market consensus, and even our estimate of +111. This report once again supports loosening conditions. The summer started off with daily...

Daily Market Report – May 27, 2021

Today’s Fundamentals Daily US natural gas production is estimated to be  91 Bcf/d this morning. Today’s estimated production is -0.88 Bcf/d to yesterday, and -1.26 Bcf/d to the 7D average. Natural gas consumption is modelled to be 68.2 Bcf today, ...
Daily Market Report – May 26, 2021

Daily Market Report – May 26, 2021

Gas demand is forecast to rise in the next few days with some late-season HDDs, after which the CDDs exclusively take over the conversation. We should expect to see power-related gas consumption pick up in early June. Today’s Fundamentals Daily US natural gas...
Daily Market Report – May 25, 2021

Daily Market Report – May 25, 2021

Today’s Fundamentals Daily US natural gas production is estimated to be  91.2 Bcf/d this morning. Today’s estimated production is -1.39 Bcf/d to yesterday, and -0.76 Bcf/d to the 7D average. Natural gas consumption is modelled to be 67.2 Bcf today, ...
Daily Market Report – May 24, 2021

Daily Market Report – May 24, 2021

The market opened lower yesterday with a big shift in weather driving the story. Both the GFS Ensemble and Euro Ensemble showed a cooling trend, specifically in the 6-10 day range. The change was seen mainly across the East side of the country (NE, Midwest, and SE)....