Daily Market Report – July 1, 2020

Daily Market Report – July 1, 2020

After getting through a warmer than normal June, NOAA’s  final outlook for July 2020 shows increased chances for above-normal temperatures across much of the country and below-normal rains for the four corners and parts of the Central and Southern Plains. We are...
Daily Market Report – June 29, 2020

Daily Market Report – June 29, 2020

Our storage estimate for week ending June 26 is a 75 Bcf injection. The S/D balances were tighter week-on-week with injections at a slower rate. Long gone are the triple digit injection territory, with weather forecast showing above normal heat for the first half of...
Daily Market Report – June 29, 2020

Daily Market Report – June 29, 2020

Lots of heat in the forecast in the short-term forecast. The current GFS Ensemble and ECMWF Ensemble is showing temps well beyond the 10Y normal starting this weekend.   The continuous heat is the forecast is putting upward pressure on prices as burns near 40...
Weekend Market Report – June 28, 2020

Weekend Market Report – June 28, 2020

This week we look at all the major spreads followed by nat gas traders, with our interpretation of what they all track.   We’ll cover the OCTJAN, OCTNOV, MARAPR, and APROCT with various charts to see how they look currently vs past years. We’ll paste on the...
Daily Market Report – June 26, 2020

Daily Market Report – June 26, 2020

Yesterday, the EIA reported a 120 Bcf injection taking total gas inventories to 3012 Bcf for week ending June 20th. This number was beyond the high-side range of most analysts; hence prices reacted lower upon the release of the number. Stocks are now 739 Bcf higher...