Daily Market Report – September 17, 2020

Daily Market Report – September 17, 2020

The BSEE.org said on Wednesday that personnel had been evacuated from a total of 119 production platforms, 18.51% of the 643 manned platforms in the Gulf of Mexico as a result of Hurricane Sally. This resulted in approximately 27.48% of oil production and  29.7%...
Daily Market Report – September 16, 2020

Daily Market Report – September 16, 2020

We are expecting a 76 Bcf injection for tomorrow’s storage report for week ending September 11th. US natural gas dry production was higher week on week with domestic production averaging 88.3 Bcf/d for the week. The increase is a result of GoM production returning, as...
Daily Market Report – September 15, 2020

Daily Market Report – September 15, 2020

According to the BSEE, Sally had shut in around 0.69 Bcf/d of gas in yesterday’s report.  The overall impact is expecte to be about 1 Bcf/d today, and should not be as high as Hurricane Laura much it is passing on the East side of all the offshore facilities....
Daily Market Report – September 14, 2020

Daily Market Report – September 14, 2020

Natural gas prices are up this morning with tropics looking quite active this morning. The biggest threat is the slow moving TS Sally which is expected to become a cat 1 hurricane by later today. Offshore operators are shutting facilities in the US Gulf of Mexico as...
Weekend Market Report – September 13, 2020

Weekend Market Report – September 13, 2020

This week we review the latest Short Term Energy Outlook (STEO) issued by the EIA. There is lots of good data in the STEO report and most importantly it gives us an indication of what others in the market are seeing.   In today’s piece, we will mainly drill...