Daily Market Report – Jan 04, 2022

Daily Market Report – Jan 04, 2022

December 2021 was the 2nd warmest on record since 1950 with 675 GWHDDs [1st place was Dec 2015 at 634 GWHDDs, and 3rd place was Dec 2006 with 747 GWHDDs]. The above normal temperatures spanned a majority of the US. This was the warmest Dec in the South Central region...
Daily Market Report – Dec 24, 2021

Daily Market Report – Dec 24, 2021

NOTE: Today will be the last report of the year. The next report will be on Tuesday Jan 4th. The EIA reported a mostly on-target withdrawal from underground storage, a 55 Bcf pull for the week ending Dec 17 that had little immediate impact on prices. The report did...

Daily Market Report – Dec 23, 2021

For today’s storage report our final projection is -58 Bcf The current Bloomberg survey is -55 and Bloomberg whisper is currently at -56 (the whisper is the average of the 17 top analysts). Here are the current ICE storage future settles as of yesterday. Week 1...
Daily Market Report – Dec 22, 2021

Daily Market Report – Dec 22, 2021

Today’s Fundamentals Daily US natural gas production is estimated to be  96.7 Bcf/d this morning. Today’s estimated production is +0.46 Bcf/d to yesterday, and +0.31 Bcf/d to the 7D average. Northeast gas production strength continues with levels...
Daily Market Report – Dec 21, 2021

Daily Market Report – Dec 21, 2021

The TTF gas benchmark for the European market hit a new record highs. The ICIS TTF gas benchmark for January ’22 surged nearly 9% yesterday to close on 20 December at $48.55/MMBtu, compared with the previous close on 17 December of $44.73/MMBtu. The price is on the...