Daily Market Report – Aug 05, 2021

Daily Market Report – Aug 05, 2021

For today’s storage report our final projection is +19 Bcf  (S/D @ +19, Scrape @ +13) The current Bloomberg survey is +17 and Bloomberg whisper is currently at +15 (the whisper is the average of the 17 top analysts). Here are the current...
Daily Market Report – Aug 04, 2021

Daily Market Report – Aug 04, 2021

Today’s Fundamentals Daily US natural gas production is estimated to be  89.9 Bcf/d this morning. Today’s estimated production is -1.47 Bcf/d to yesterday, and -2.22 Bcf/d to the 7D average. This will likely revised higher, but still overall lower than...
Daily Market Report – Aug 03, 2021

Daily Market Report – Aug 03, 2021

DTI and Columbia gas (TCO) storage both reported 7 Bcf injection this past week. The two facilities that report on a weekly basis are between 61-63% full. Both facilities lag last years levels as seen in the chart below. For this upcoming report we are expecting a...
Daily Market Report – Aug 02, 2021

Daily Market Report – Aug 02, 2021

We see a bullish move in weather over the weekend. The GFS Ensemble gained 13 TDDs and the Euro gained 8.2 TDDs from Friday 12Z run. The largest gains are in the 6-10 period, which not takes the 6-10 and 11-15 day periods well above the 10Y.     Today’s...
Weekend Market Report – Aug 01, 2021

Weekend Market Report – Aug 01, 2021

European gas prices have soared this spring with storage inventories remaining low after a brutally cold winter, warm summer, soaring carbon prices, and competition from Asia for LNG. Current storage sits at 55% full. This is 29% lower than the same time last year,...