Daily Market Report – July 23, 2021

The EIA reported an injection of 49 Bcf natural gas into storage for the week ended July 16. The report was bearish relative to analysts’ expectations and historic averages, and initially it did send natural gas prices lower. By late day we did see the August contract...
Daily Market Report – July 22, 2021

Daily Market Report – July 22, 2021

For today’s storage report our final projection is +44 Bcf  (S/D @ +44, Scrape @ +45) The current Bloomberg survey is +43 and Bloomberg whisper is currently at +43 (the whisper is the average of the 17 top analysts). Here are the current...
Daily Market Report – July 21, 2021

Daily Market Report – July 21, 2021

  Today’s Fundamentals: Daily US natural gas production is estimated to be  90.3 Bcf/d this morning. Today’s estimated production is -1.91 Bcf/d to yesterday, and -1.87 Bcf/d to the 7D average. Natural gas consumption is modelled to be 75 Bcf...
Daily Market Report – July 20, 2021

Daily Market Report – July 20, 2021

Both the GFS Ensemble and Euro Ensemble trended warmer overnight. The additional PWCDDs were particularly in the 6-10 day window. The GFS Ensemble has been showing warmer temps than observed for the past few week. The Euro Ensemble did show more warming overnight...
Daily Market Report – July 19, 2021

Daily Market Report – July 19, 2021

Today’s Fundamentals US dry production headed lower this weekend driven primarily by the Northeast region. Levels in the Northeast dropped below 32 Bcf/d based on today’s current nominations, but that will likely be restated higher. Total US natural gas production is...