Daily Market Report – August 25, 2020

Daily Market Report – August 25, 2020

Marco’s path shifted dramatically since yesterday’s forecasts as it failed to make landfall and is now hanging out in the gulf.  The NHC has the remnants of Marco moving westward before it redevelops into a tropical depression.  Meanwhile Laura is forecast...
Daily Market Report – August 24, 2020

Daily Market Report – August 24, 2020

Bureau of Safety and Environmental Enforcement (BSEE) has activated its Hurricane Response Team as Hurricane Marco and Tropical Storm Laura make their way into the Gulf of Mexico. Hurricane Response Team is monitoring offshore oil and gas operators in the Gulf as they...
Weekend Market Report – August 23, 2020

Weekend Market Report – August 23, 2020

LNG continues to be an important part of the balances this summer. After experiencing a steady drop in US gas deliveries with cargo cancellation, it appears we are on the upswing. The lowest total was recorded on July 9th with only 2.8 Bcf delivered to all US LNG....
Daily Market Report – August 21, 2020

Daily Market Report – August 21, 2020

Yesterday, the EIA reported at 43 Bcf injection taking storage levels to 3375 Bcf as of August 14th. Stocks are 595 Bcf higher than last year at this time and 442 Bcf above the five-year average of 2,933 Bcf. The injection were much lower than last year, but inline...
Daily Market Report – August 20, 2020

Daily Market Report – August 20, 2020

For the storage report for week ending Aug 14, our estimates are pointing to a 40 Bcf injection. The S/D balances are tighter week-on-week, with both power consumption and LNG adding to total demand. The current Bloomberg survey sits at 43 Bcf.      ...