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Daily Market Report – January 19, 2021

Daily Market Report – January 19, 2021

The prompt month contract (Feb) continues to show weakness with the late-Jan cooler temps never showing up. The prompt contract gapped lower on Sunday and is currently trading at 2.60.   The biggest driver for the change is the loss in HDD in the back end of the...
Weekend Market Report – January 17, 2021

Weekend Market Report – January 17, 2021

This week, we touch on the volatility in European gas markets, with prices exploding earlier this week. The Asian LNG markets along with cooler weather are weighing on TTF and NBP prices.     Lots of factors adding to the price surge, but the main issue is the cold...
Daily Market Report – January 15, 2021

Daily Market Report – January 15, 2021

The EIA reported a withdrawal of 134 Bcf from natural gas storage for the week ended Jan 8. The number exceeded both the year-earlier pull and the analysts’ estimates. Ahead of the EIA report, the February contract was up 2.6 cents at $2.753/MMBtu amid anticipation of...
Daily Market Report – January 14, 2021

Daily Market Report – January 14, 2021

Today we are expecting -125 Bcf draw. The market expectations are all over the place with a range of -141 to -117. The current Bloomberg Whisper sits at -129. Here are the current ICE storage future settles as of Jan 13th. Week Ending Jan 8 is -129 Week Ending Jan 15...
Daily Market Report – January 13, 2021

Daily Market Report – January 13, 2021

The rally in LNG prices shows no signs of slowing as a cold snap is forcing Asian utilities to pay prices never seen before. Last week, Exxon sold a spot cargo for the 2nd half of Jan to Kyushu Electric Power Co. for the mid-$30/MMbtu level. This comes with many other...