Daily Market Report – August 13, 2020

Daily Market Report – August 13, 2020

For the storage report for week ending Aug 7, our estimates are pointing to a 59 Bcf injection. The S/D balances are looser week-on-week, with only power consumption dropping considerably due to cooler (more normal) temps. As we have reported, LNG deliveries did pick...
Daily Market Report – August 12, 2020

Daily Market Report – August 12, 2020

Production rebounded yesterday in late-cycle noms from the low posted early in the morning. That being said, production is still off the levels seen over the weekend. Today’s production levels are 84.7 Bcf/d, but we expect that to be reposted to the ~86 Bcf/d level...
Daily Market Report – August 11, 2020

Daily Market Report – August 11, 2020

Cameron LNG Train 3 has officially been placed into commercial operation by McDermott. With the additional train, the total plant capacity is now 12 Mtpa of 1.7 Bcf/d. The pipeline nomination data has already shown the ramp up, but still not near capacity. In global...
Daily Market Report – August 10, 2020

Daily Market Report – August 10, 2020

US production was higher this weekend with the Northeast region higher by 0.5 Bcf/d relative to the past week. The average L48 production was 86.7 Bcf/d over the weekend vs. 86.3 Bcf for week ending August 7th.   US LNG deliveries also trended higher this week....
Weekend Market Report – August 9, 2020

Weekend Market Report – August 9, 2020

Last week on Monday, the Sept contract posted the largest single-day gain in the last year and a half. The gains continued throughout the week with a net gain of 0.456. The Sept contract closed out at 2.255.   Monday was the first trading day of August, and lots...