Daily Market Report – March 23, 2021

Daily Market Report – March 23, 2021

Lower 48 production dropped this morning with pipeline maintenance work in both the Northeast & South Central. The Northeast drop of 0.8 Bcf/d was tied to REX, and the South Central drop of 1.1 Bcf/d looks to be tied to work on Gulf South.   REX maintenance...
Daily Market Report – March 22, 2021

Daily Market Report – March 22, 2021

After seeing prices climb up on Friday afternoon, we see the markets open lower yesterday. Weather seems to be the culprit. Over the weekend, The 1-5 day forecast turned warmer while the 6-15 was relatively neutral. This was enough to keep the pressure on prices. The...
Weekend Market Report – March 21, 2021

Weekend Market Report – March 21, 2021

This past week the EIA reported a -11 Bcf storage draw for the week ending March 12th. This was largely in line with the output of our S/D model, and market expectations. The one thing that this number did was confirms that industrial natural gas consumption was still...
Daily Market Report – March 19, 2021

Daily Market Report – March 19, 2021

Yesterday the EIA reported a -11 Bcf storage draw for week ending March 12th. This was largely inline with the output of our S/D model, and helped confirm the lower industrial natural gas consumption. The lower industrial consumption is the one lingering impact of the...
Daily Market Report – March 18, 2021

Daily Market Report – March 18, 2021

For today’s report our S/D model points to a -10 Bcf draw. As noted in the weekend report, the largest factor in the low draw this week comes from weather continuously warming up as we approach spring and the large amount of industrial and oil refinery consumption...