Daily Market Report – Mar 16, 2022

Daily Market Report – Mar 16, 2022

Today’s Fundamentals Daily US natural gas production is estimated to be  93.9 Bcf/d this morning. Today’s estimated production is -0.42 Bcf/d to yesterday, and +0.2 Bcf/d to the 7D average. Yesterday production level was restated ~1 Bcf/d higher in the...
Daily Market Report – Mar 15, 2022

Daily Market Report – Mar 15, 2022

Today’s Fundamentals Lower 48 production still hovered near a weak 92 Bcf/d, with no region yet staging a big recovery. Daily US natural gas production is estimated to be  93.1 Bcf/d this morning. Today’s estimated production is -0.09 Bcf/d to yesterday,...
Daily Market Report – Mar 14, 2022

Daily Market Report – Mar 14, 2022

Weather runs were overall bearish from Friday’s 12Z run. Below is the change from Friday’s 12z which shows both models losing GWHDDs. The GFS Ensemble made a significant move warmer.   Here is a look the latest outlook, which shows both models forecasting...
Weekend Market Report – Mar 13, 2022

Weekend Market Report – Mar 13, 2022

This past week we start with some bold statements made by both the IEA and EU about minimizing Europe’s reliance on Russian natural gas and oil. The EU imports 90% of its gas consumption, with Russia providing around 45% of those imports, in varying levels...
Daily Market Report – Mar 11, 2022

Daily Market Report – Mar 11, 2022

The EIA reported a -124 Bcf withdrawal for the week ending Mar 4th, which came higher than market estimates. For the reported period, the weather shifted warmer across much of the country except for large portions of the Mountain and South Central. This led to looser...