Daily Market Report – January 29, 2021

Daily Market Report – January 29, 2021

The EIA reported a withdrawal of 128 Bcf from natural gas storage for the week ended Jan 8. The report was notably lighter than a week earlier and came in well below the mid-point of analysts’ estimates. Analysts noted that it was warmer than normal during the covered...
Daily Market Report – January 28, 2021

Daily Market Report – January 28, 2021

For today’s report we are expecting -135 Bcf draw. The market expectations are between all over the place with a range of -145 to -121. The current Bloomberg Whisper sits at -137. Here are the current ICE storage future settles as of Jan 21th. Week Ending Jan 22 is...
Daily Market Report – January 27, 2021

Daily Market Report – January 27, 2021

Today’s 00z model was cooler compared to 24 hours ago, and the majority of the cooling was focused in the South Central.   For the L48, the GFS Ensemble showed a gain of 15 HDDs and the Euro Ensemble showed a gain of 5 HDDs. For the South Central, the changes...
Daily Market Report – January 26, 2021

Daily Market Report – January 26, 2021

LNG feedgas levels picked up in today’s nomination to above 11 Bcf/d. Sabine Pass volumes rose day-on-day leading to the levels back above 11 Bcf/d. In other LNG related intel. We just passed the notification deadline for offtakers to inform Cheniere of March...
Daily Market Report – January 25, 2021

Daily Market Report – January 25, 2021

Natgas prices shift higher on open yesterday with the 15D forecast showing cooler temps across every region. Temps in the 6-10 day range from both the GFS Ensemble and Euro Ensemble came in much cooler vs. Friday’s 12Z run. As seen in the charts below, the GFS...