Daily Market Report – August 19, 2020

Daily Market Report – August 19, 2020

NOAA is currently tracking three storms in the Atlantic as we get closer to the peak of the tropical storm season, which is around September 10th.  The Atlantic has already had 9 named storms and 2 hurricanes through August 4. Researchers at Colorado State...
Daily Market Report – August 18, 2020

Daily Market Report – August 18, 2020

For the storage report for week ending Aug 14, our estimates are pointing to a 39 Bcf injection. The S/D balances is tighter week -on-week, with power gen and LNG deliveries adding to total demand. LNG during the storage week increased by 0.5 Bcf/d to average 4.4...
Daily Market Report – August 17, 2020

Daily Market Report – August 17, 2020

Natural gas futures remain elevated this morning. Relative to Friday, dry gas production is slightly lower but we expected a small bump higher with the TCO maintenance being completed. Demand is also bit lower particularly due to power burns coming off. Last week...
Weekend Market Report – August 16, 2020

Weekend Market Report – August 16, 2020

On Friday natgas saw another massive market rally. Prompt month rallied 0.174 to settle at 2.356. Heat and humidity along the East Coast early in the week, 100-degree temps driving power loads in California late in the week, lower Northeast production with TCO...
Daily Market Report – August 14, 2020

Daily Market Report – August 14, 2020

Yesterday, the EIA reported at 58 Bcf injection taking storage levels to 3332 Bcf as of August 7th. Stocks are 608 Bcf higher than last year at this time and 443 Bcf above the five-year average of 2,889 Bcf. The injection was well ahead of last year, and the 5Yr...