Daily Market Report – September 11, 2020

Daily Market Report – September 11, 2020

The EIA reported an injection of 70 Bcf natural gas storage for the week ending Sept. 4. The prompt month prices momentarily jumped higher, but eased throughout the day and ended the day at $2.323. Our early view for next week currently stands at 70 Bcf.   LNG...
Daily Market Report – September 10, 2020

Daily Market Report – September 10, 2020

The EIA released the monthly short term energy outlook (STEO) yesterday. The biggest changing piece was their production outlook compared to last month’s report. Th expectation is for production to decreased until February 2021, after which their will be a modest...
Daily Market Report – September 9, 2020

Daily Market Report – September 9, 2020

For the storage report for week ending Sept 4, our estimates are pointing to a 71 Bcf injection. The S/D balances is looser week -on-week, with both power gen and LNG deliveries being the main culprits. LNG during the storage week decreased by 0.8 Bcf/d to average 3.0...
Daily Market Report – September 8, 2020

Daily Market Report – September 8, 2020

US LNG is back on the rise and almost at the levels before Hurricane Laura hit the Gulf Coast. This weekend, Cheniere’s Sabine Pass ramped back up to levels seen right before going down – 1.5 Bcf/d. Cameron is still non-operational, with the plant itself being in...
Weekend Market Report – September 6, 2020

Weekend Market Report – September 6, 2020

This week we review this summer’s record setting heat. All of the top 10 summers on record since 1871 have occurred since 1980, and eight of 10 have happened since 2000. The general consensus is that climate change and urbanization have pushed temperatures...