by Research Reports | Jan 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...
by Research Reports | Jan 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...
by Research Reports | Jan 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...
by Research Reports | Jan 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...
by Research Reports | Jan 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...
