Daily Market Report – Oct 12, 2020

Daily Market Report – Oct 12, 2020

Shell and Chevron are redeploying personnel to its offshore assets, but production remains shut in. Additionally, mobile drilling units were returning to drill sites to re-start operations. We do not see any recovery to daily production from the pipeline nomination...
Weekend Market Report – October 11, 2020

Weekend Market Report – October 11, 2020

We start with an update on Hurricane Delta.  Hurricane Delta made landfall in Louisiana on Friday with 100 mph winds and a 10-foot storm surge. The path was 15 miles from where the Hurricane Laura landed six weeks ago, but luckily this storm was weaker, more fast...
Daily Market Report – October 8, 2020

Daily Market Report – October 8, 2020

For week ending October 2, we are expecting a storage injection of 70 Bcf. This would take storage levels to 3826 Bcf, +439 Bcf vs LY and +389 Bcf vs 5Yr average. Injections were 102 Bcf during the same week last year.   The year-on-year storage surplus...
Daily Market Report – October 7, 2020

Daily Market Report – October 7, 2020

L48 production has dropped significantly over the past couple of days, and of course led by Hurricane Delta which is projected to travel right through the major offshore production zones. Hurricane Delta, the 25th named storm of the 2020 Atlantic Hurricane season....
Daily Market Report – October 6, 2020

Daily Market Report – October 6, 2020

Hurricane Delta is now a Category 2 storm and is likely to impact parts of the central Gulf Coast and Southeast regions. The intensity of the storm is to be greatest on Oct 8th and 9th with hitting the coast sometime around that time frame.        ...