by Research Reports | Jan 17, 2021
This week, we touch on the volatility in European gas markets, with prices exploding earlier this week. The Asian LNG markets along with cooler weather are weighing on TTF and NBP prices. Lots of factors adding to the price surge, but the main issue is...
by Research Reports | Jan 15, 2021
The EIA reported a withdrawal of 134 Bcf from natural gas storage for the week ended Jan 8. The number exceeded both the year-earlier pull and the analysts’ estimates. Ahead of the EIA report, the February contract was up 2.6 cents at $2.753/MMBtu amid anticipation of...
by Research Reports | Jan 14, 2021
Today we are expecting -125 Bcf draw. The market expectations are all over the place with a range of -141 to -117. The current Bloomberg Whisper sits at -129. Here are the current ICE storage future settles as of Jan 13th. Week Ending Jan 8 is -129 Week Ending Jan 15...
by Research Reports | Jan 13, 2021
The rally in LNG prices shows no signs of slowing as a cold snap is forcing Asian utilities to pay prices never seen before. Last week, Exxon sold a spot cargo for the 2nd half of Jan to Kyushu Electric Power Co. for the mid-$30/MMbtu level. This comes with many other...
by Research Reports | Jan 12, 2021
Cooler temps finally showed up in the forecast and the market got the trigger to move higher. The first 10 days of the 15 day forecast are still well below the 10Y normal, but the backend is starting to show some signs of cooler temps. In today’s 00z run, the GFS...
