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As Celsius Energy continues to grow, costs and the time commitment to keep the site maintained build rapidly. For this reason, I am offering premium features for a small monthly fee to help support the site. These include:
-Password-protected access to Celsius Energy's oil & natural gas portfolio.
-Daily Commentaries, a 2000-3000 word 5x per week treatise on natural gas fundamentals & trading outlook and strategies
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A new page integrating data from multiple models to generate gas-weighted degree day (GWDD) forecasts for the next 44 days. This page will be available to all through Friday, November 30, after which time it will be available to subscribers only. Click HERE to learn more about subscribing.
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Tuesday Daily Commentary For Subscribers
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Natural Gas Opens The Week Flat While Oil Gives Up Geopolitical Premium On US Storage & Global Demand Concerns; EIA Drilling Productivity Report Shows Continued Slowdown In Drilling, But Is It Enough? Computer Models Continue To Trend Towards Warm Start To July; Gas Demand To Fall Slightly Today On Rain-Cooled East & Central Plains
Tuesday, June 18, 2019
This Daily Commentary is available to current Premium Membership Subscribers. Subscribers gain access to these 1500-3000 word commentaries 5 times per week as well as access to my realtime Oil & Natural Gas Portfolio. To learn more about subscribing and helping to support the site, please click HERE.
Natural gas opened the week flat, trading down less than 1 cent to hold at $2.39/MMBTU. Investors seem to be caught in a bit of a conundrum. On the one hand, the commodity is trading at its lowest in more than 3 years and is down 21% from 2018. Additionally, temperatures will steadily warm over the next week and looking to be above-average for the final week of the month and at least for the first week of July. On the other hand, this will not immediately translate to bullish inventory builds. While powerburn is seeing sizable year-over-year gains, the temperature-adjusted supply/demand imbalance is still around 3 BCF/day loose year-over-year thanks to large gains in production such that neutral to even modestly warmer-than-normal temperatures will still result in slightly bearish builds. It is likely this underlying looseness that is preventing a sustained bounce in prices...for now. Should the supply/demand imbalance continue to tighten and temperatures warm as expected, it will be...
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Disclaimer: Natural Gas & Oil Storage Projections, Intraday Natural Gas Stats, Renewable Energy Stats, Morning Reports, and fundamental pricing models are released by Celsius Energy as experimental products. While they are intended to provide accurate, up-to-date data, they should not be used alone in making investment decisions, or decisions of any kind. Celsius Energy does not make an express or implied warranty of any kind regarding the data information including, without limitation, any warranty of merchantability or fitness for a particular purpose or use. See full Privacy Policy HERE.
