Daily Market Report – February 22, 2021

Daily Market Report – February 22, 2021

The nat gas markets are slowly returning to normal. Yesterday’s final pipeline nomination data showed production back to ~84 Bcf/d. The outage is still mainly concentrated in the TX and Midcontinent area. With no real power outages to report in Texas today (only 15k...
Weekend Market Report – February 21, 2021

Weekend Market Report – February 21, 2021

What a week, especially for the folks in Texas. On Friday, things started nearing normal and weather turn warmer and power was restored to most of Texas.   Around noon on Friday, the ERCOT officials lifted emergency conditions and said they were completely back...
Daily Market Report – February 19, 2021

Daily Market Report – February 19, 2021

The EIA reported at storage draw of 237 Bcf yesterday for week ending Feb 12th. This now shows two back to back reports lighter than market expectations. The March futures price was already moving lower yesterday morning as power and production was being resumed in...
Daily Market Report – February 18, 2021

Daily Market Report – February 18, 2021

The power outage issue across the country is slowly being resolved. According to poweroutages.us, there are now less than 1M people without power across the country. The situation in Texas has changed considerably with only 558k people now facing power issues (from...
Daily Market Report – February 17, 2021

Daily Market Report – February 17, 2021

There are still a lot of moving piece in the natgas S/D this morning. Over 3M people still without power with that concentrated in the Texas area     ERCOT has called a Level 3 Alert load shedding alert while crews try and get power systems back up and...