Weekend Market Report – August 2, 2020

Weekend Market Report – August 2, 2020

This week we once again take a look at European natural gas storage levels. Lots has changed over the past two months as storage levels start to comeback to the 5Yr range. Lower prices across Europe look to be working in correcting the storage surplus left after...
Daily Market Report – July 31, 2020

Daily Market Report – July 31, 2020

Yesterday, the EIA reported at 26 Bcf injection which was slightly higher than expectations. This storage report will likely be the smallest injection of the season. The bearish storage number added to the downward pressure on price that was set off earlier in the...
Daily Market Report – July 30, 2020

Daily Market Report – July 30, 2020

Today the EIA is set to release the storage report for week ending July 24th. Our estimate continues to remain at +22 Bcf, with most in the same range. The Bloomberg survey is currently at +21 Bcf.   We will be focused on LNG deliveries this weekend as we...
Daily Market Report – July 29, 2020

Daily Market Report – July 29, 2020

The ECMWF Ensemble shifted cooler this morning over the 6-10 and 11-15 periods. In all, the 15 day window lost 10.2 CDDs. The two models, the ECMWF Ensemble and the GFS Ensemble, are aligned for the next 10 days. The first couple of days of August now fall below the...
Daily Market Report – July 28, 2020

Daily Market Report – July 28, 2020

For the storage report for week ending July 24, our estimates are pointing to a 22 Bcf injection. The tighter balances week-on-week are primarily driven by increased power burns, although both LNG deliveries and Mexican exports increased as well. The power burns...