Daily Market Report – Nov 04, 2022

Daily Market Report – Nov 04, 2022

The EIA reported a +107 Bcf injection for the week ending Oct 28th, which came in higher than market expectations of ~100-102 and our estimate of +98. This storage report takes the total level to 3501 Bcf, which is 101 Bcf less than last year at this time and...

Daily Market Report – Nov 3, 2022

For week ending Oct 28th, the S/D storage is pointing to a +98 Bcf injection. This reporting period will take L48 storage level to 3,492 Bcf (-110 vs LY, -144 vs. 5Yr). Last year we injected only +66 Bcf during the same week. The current Bloomberg survey...
Daily Market Report – Nov 2, 2022

Daily Market Report – Nov 2, 2022

Today’s Fundamentals Daily US natural gas production is estimated to be  99.6 Bcf/d this morning. Today’s estimated production is -0.13 Bcf/d to yesterday, and -1.47 Bcf/d to the 7D average. The drop in production over the last 2 days is most likely...
Daily Market Report – Nov 1, 2022

Daily Market Report – Nov 1, 2022

Today’s Fundamentals Daily US natural gas production is estimated to be  98.2 Bcf/d this morning. Today’s estimated production is -3.56 Bcf/d to yesterday, and -3.01 Bcf/d to the 7D average. The drop in production is most likely overstated with today being...
Daily Market Report – Oct 31, 2022

Daily Market Report – Oct 31, 2022

The Dec contract is looking to open much stronger this morning with a few tightening factors. First, we had the return of Cove Point which has taken LNG deliveries to over 12.5 Bcf/d. We expect the total feedgas level to continue to rise as temps cool. Second, the...