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,...
Daily Market Report – July 30, 2021

Daily Market Report – July 30, 2021

TETCO flows expected to be back on Aug 4th, hence the drop in price yesterday after hours. It really should not be a big impact to flows North-to-South on TETCO, but this FM was what originally set the market off in late-May Here is the pipeline notice: Texas Eastern...
Daily Market Report – July 30, 2021

Daily Market Report – July 30, 2021

The EIA reported an injection of 36 Bcf natural gas into storage for the week ended July 23. The report was bullish relative to analysts’ expectations and historic average. Today’s Fundamentals Daily US natural gas production is estimated to be  91.5 Bcf/d this...
Daily Market Report – July 29, 2021

Daily Market Report – July 29, 2021

For today’s storage report our final projection is +41 Bcf  (S/D @ +41, Scrape @ +35) The current Bloomberg survey is +42 and Bloomberg whisper is currently at +37 (the whisper is the average of the 17 top analysts). Here are the current...
Daily Market Report – July 28, 2021

Daily Market Report – July 28, 2021

Another cooler iteration of the weather runs this morning. This pushed Aug contract below 3.90 in the early hours this morning as weaker weather is pulling support for strong power burns during the first week of August. July 31st through August 5th now sit well below...