Daily Market Report – May 27, 2022

Daily Market Report – May 27, 2022

The EIA reported a +80 Bcf injection for the week ending May 20th, which came in much lower than market estimates. The general range of expectation was +86 Bcf to +89 Bcf. This storage report takes the total level to 1812 Bcf, which is 387 Bcf less than...
Daily Market Report – May 26, 2022

Daily Market Report – May 26, 2022

For today’s storage report our final projection is +86 Bcf (S/D +91 and Flow +81). This is the results of our flow estimate. The current Bloomberg survey is +88 and Bloomberg whisper is currently at +84 (the whisper is the average of the 17...
Daily Market Report – May 25, 2022

Daily Market Report – May 25, 2022

Today’s Fundamentals Daily US natural gas production is estimated to be  95.2 Bcf/d this morning. Today’s estimated production is -0.13 Bcf/d to yesterday, and -0.55 Bcf/d to the 7D average. Permian gas production volumes fell by about 0.5 Bcf/d yesterday...
Daily Market Report – May 24, 2022

Daily Market Report – May 24, 2022

Overnight weather runs saw the GFS Ensemble cool off in the 11-15 day period. The Euro EN is still overall cooler for the next 15 days. With the strong temps we have observed over the last few weeks and high prices, natgas burns have remained quite strong relative to...
Daily Market Report – May 23, 2022

Daily Market Report – May 23, 2022

After some incredible heat in the southern regions, we see today’s 00z warmer in the 6-10 day period vs Friday’s 12z run. Below is a chart showing the change from last week for the two major models. Today’s Fundamentals Daily US natural gas production is estimated to...