Daily Market Report – February 16, 2021

Daily Market Report – February 16, 2021

After a wild week of weather runs last week, today’s 00z is mixed compared to yesterday’s runs. The GFS Ensemble showed some cooling in the first 7 days, but warming past that. The Euro Ensemble added 13 HDDs evenly across the entire forecast window.  The latest...
Weekend Market Report – February 14, 2021

Weekend Market Report – February 14, 2021

We had another wild week of cash and futures prices, and this weekend we finally enter the cold weather we had been expecting. Here is a recap of how the 00z Euro Ensembles changes since Jan 29th. As can be seen, there have been big shifts in the duration of the cold,...
Daily Market Report – February 12, 2021

Daily Market Report – February 12, 2021

The EIA reported a smaller-than-expected 171 Bcf withdrawal for week ending Feb 5. This was a huge miss compared to analyst expectation, and it sent prices immediately lower. The South Central was one of the regions that showed a smaller than expected withdrawals, and...
Daily Market Report – February 11, 2021

Daily Market Report – February 11, 2021

For today’s report we are expecting -184 Bcf draw. The market expectations are between all over the place with a range of -192 to -170. Here are the current ICE storage future settles as of Feb 3rd. Week Ending Feb 5 is -180 Week Ending Feb 12 is -295 Week Ending Feb...
Daily Market Report – February 10, 2021

Daily Market Report – February 10, 2021

Overnight runs once again pointing to less cool weather. Both the GFS Ensemble and Euro Ensemble showed a massive drop in GWHDDs in the 6-10.   Temps are still expected to be cooler than normal over the forecast period, but both model revert back to the 10Y in...