Daily Market Report – Dec 02, 2021

For today’s storage report our final projection is -58 Bcf. The current Bloomberg survey is -58 and Bloomberg whisper is currently at -57 (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 01, 2021

Daily Market Report – Dec 01, 2021

The first half of December now looks quite bearish with the Euro Ensemble following in the GFS Ensembles move from yesterday. The Euro lost nearly 18 HDDs relative to 24 hours ago, with most of the change in the 11-15 day period. As seen in the chart below, the...
Daily Market Report – Nov 30, 2021

Daily Market Report – Nov 30, 2021

Warmer weather runs continue to push natgas prices lower. The winter strip is off substantially once again this morning with both the GFS Ensemble and Euro Ensemble showing fewer HDDS over the next 15 days vs. yesterday 12z outlook. The GFS Ensemble lost ~18 HDDs,...
Daily Market Report – Nov 29, 2021

Daily Market Report – Nov 29, 2021

Welcome back after a long weekend which was filled with volatility. The Dec contract rallied and expired strong on Friday (most likely on the back of dropping oil prices), and then bearish weather runs over the weekend led to a week market open yesterday. From...

Daily Market Report – Nov 24, 2021

The EIA reports a today, day early due to the Thanksgiving holiday. For today’s storage report our final projection is -27 Bcf. [S/D model at -31 seemed high this week, so we go with the out of our flow model which was -27] The current Bloomberg survey is -24 and...