Weekend Market Report – Jan 30, 2022

Weekend Market Report – Jan 30, 2022

We just finished one of the wildest weeks on record with the Feb contract expiring. Low liquidity + cooler early Feb forecasts + potentially a party getting caught short sent prices skyrocketing like never before. Prices rose from $4.84/mmBtu at 2 pm EST to a...
Daily Market Report – Jan 28, 2022

Daily Market Report – Jan 28, 2022

Yesterday was one of the wildest days in the market. The Feb contracted ripped in the afternoon with all signs pointing to a short-cover rally as afternoon weather runs pointed to more cooler weather. The Feb contract was trading below $4.50 most of the yesterday’s...
Daily Market Report – Jan 27, 2022

Daily Market Report – Jan 27, 2022

For today’s storage report our final projection is -220 Bcf (S/D -220, Flow -209) The current Bloomberg survey is -215 and Bloomberg whisper is currently at -217 (the whisper is the average of the 17 top analysts). Here are the current ICE storage future settles...
Daily Market Report – Jan 26, 2022

Daily Market Report – Jan 26, 2022

Nat gas markets are stronger this morning with more cool temps showing up in the first week of February. Both the GFS Ensemble and Euro Ensemble verified cooler temps in early Feb taking levels above to the 10Y normal. With this latest forecast there is the potential...
Daily Market Report – Jan 25, 2022

Daily Market Report – Jan 25, 2022

Today’s Fundamentals Daily US natural gas production is estimated to be  94.4 Bcf/d this morning. Today’s estimated production is -0.08 Bcf/d to yesterday, and -0.1 Bcf/d to the 7D average. Northeast production is till hovering around 33 Bcf/d which is ~2...