Daily Market Report – December 16, 2020

Daily Market Report – December 16, 2020

LNG feedgas volumes dropped the past two days with Cameron and Sabine Pass both taking less in. Today’s nomination data shows operations look to be resuming at both terminals.   Cameron volumes were lower due to utility plant trip knocking them offline. Sabine...
Daily Market Report – December 15, 2020

Daily Market Report – December 15, 2020

The overnight runs were almost unchanged relative to yesterday’s 12Z run. Both models lost less than 2HDD.       Today’s Fundamentals Daily US natural gas production is estimated to be  90.5 Bcf/d this morning. Today’s estimated production is...
Daily Market Report – December 14, 2020

Daily Market Report – December 14, 2020

Natural gas price are higher this morning with weather model mixed this morning. The GFS Ensemble showing some more cooler temps in the 1-5 day range, while the Euro Ensemble picking up some warm weather during that time period. The rest of the forecast range – 6 to...
Weekend Market Report – December 13, 2020

Weekend Market Report – December 13, 2020

This week we review the latest Short Term Energy Outlook (STEO) issued by the EIA. There is lots of good data in the STEO report and most importantly it gives us an indication of what others in the market are seeing.     Below are the month over month...
Daily Market Report – December 11, 2020

Daily Market Report – December 11, 2020

Yesterday the EIA reported a 91 Bcf withdrawal for week ending December 4th. This was well above analyst expectations which was in the mid-80s ballpark. Futures prices immediately jumped on the larger draw to settle the day 11c higher. Total working gas sits at 3848...