Daily Market Report – August 7, 2020

Daily Market Report – August 7, 2020

Cheniere reported Q2 2020 earning yesterday.  Revenue rose 5% YoY, and net income flipped from a net loss of $114M to a net profit of $197M. The positive results all despite only 78 cargos leaving this quarter (vs 104 last year). For Q2 2020 they reported 53...
Daily Market Report – August 6, 2020

Daily Market Report – August 6, 2020

Today the EIA is set to release the storage report for week ending July 31th. Our estimate continues to remain at +29 Bcf, with most in the same range. The Bloomberg survey is currently at +30 Bcf.   Weather continues to remain volatile after the storm...
Daily Market Report – August 4, 2020

Daily Market Report – August 4, 2020

Isaias was a fast moving storm that ripped across the East Coast. Isaias is no longer considered a tropical system as it moved into southeastern Canada on Tuesday night. National Hurricane Center now classifies Isaias as a post-tropical cyclone.   The storm...
Daily Market Report – August 4, 2020

Daily Market Report – August 4, 2020

Yesterday, Natural gas price exploded higher after remaining under $2/MMBtu since early May. The combination of warmer weather past the 1-5 days period (indicating that August could follow July’s heat trajectory), LNG jumping near 4 Bcf/d, and production dropping...
Daily Market Report – August 3, 2020

Daily Market Report – August 3, 2020

The current 00z forecast shows temps jumping in the 6-10 and 11-15 periods. Temperatures have continued to be bullish since the start of July and looks to be continuing into August after a short pause this week.     Despite the warmer than normal temps, most...