Daily Market Report – May 12, 2021

Daily Market Report – May 12, 2021

Mexican exports are once again picking up with the summer heat. On April 14th, total exports via pipe hit a record of 7.7 Bcf/d. Flows did drop off after that episode.   Today the nomination data suggests 7.2 Bcf/d will be exported. The rise the past couple of...
Daily Market Report – May 11, 2021

Daily Market Report – May 11, 2021

The current weather runs showed a drop in total degree days. Both the GFS Ensemble and Euro Ensemble showed the biggest drop in the back half of the 15 day forecast. As a result, the prompt month has dropped below 2.90 in early morning trading.     Today’s...
Daily Market Report – May 10, 2021

Daily Market Report – May 10, 2021

Not much change in weather runs or fundamentals since Friday. The Euro Ensemble short-term outlook is essentially flat, while the GFS Ensemble shows a slight increase in TDDs in the 1-5 and 11-15 day periods. Overall the total consumption outlook remains flat in the...
Weekend Market Report – May 09, 2021

Weekend Market Report – May 09, 2021

For this weekend’s report, we take a look at the latest monthly supply and demand figures from the EIA. This data is most interesting because it covers the cold period during February and we can now see how each line item of the natural gas balance was impacted...
Daily Market Report – May 7, 2021

Daily Market Report – May 7, 2021

Yesterday the EIA reported a +60 Bcf storage injection for the week ending April 30th. The reported injection was mainly in line with the market consensus and our S/D model. This report once again supports the fact the natural gas balances are 6-7 Bcf/d tighter...