Weekend Market Report – January 24, 2021

Weekend Market Report – January 24, 2021

The latest edition of the EIA’s Drilling Productivity Report, published on Tuesday, shows cumulative natural gas production from seven key U.S. onshore regions falling by 0.47 Bcf/d from January to February. This extends a downtrend that goes back to last January....
Daily Market Report – January 22, 2021

Daily Market Report – January 22, 2021

For today’s report we are expecting -184 Bcf draw. The market expectations are between all over the place with a range of -195 to -158. The current Bloomberg Whisper sits at -177. Here are the current ICE storage future settles as of Jan 21th. Week Ending Jan 15 is...
Daily Market Report – January 21, 2021

Daily Market Report – January 21, 2021

LNG Feedgas deliveries have been lower the past couple of days primarily due to Cheniere’s Sabine Pass in take volumes. On Jan 18th the facility was taking 4.2 Bcf/d, and today that has slid to 2.6 Bcf/d. There is no definitive statement from the company, but the...
Daily Market Report – January 20, 2021

Daily Market Report – January 20, 2021

The prompt month contract (Feb) dropped further this morning with the Euro Ensemble warming in the 11-15 day period to bring it closer in line with the GFS Ensemble. The Euro Ensemble lost 6.4 HDDs in that time frame to bring it closer to the 10Y normal pattern. The...
Daily Market Report – January 19, 2021

Daily Market Report – January 19, 2021

The prompt month contract (Feb) continues to show weakness with the late-Jan cooler temps never showing up. The prompt contract gapped lower on Sunday and is currently trading at 2.60.   The biggest driver for the change is the loss in HDD in the back end of the...