|
Support Celsius Energy & Access Premium Features!
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.
-Custom homepage with up to 24 different data elements--all in one place!
Click Here To Learn More
|
|
|
|
Summary Dashboard
Click on each box for more details
Celsius Energy Twitter Feed
|
Rover Natural Gas Pipeline Data ***NEW!***
Click the link above for full details on this important new source of natural gas supply and takeaway capacity from the booming Marcellus Shale.
|
|
|
Monday Investing Commentary
|
Near-Term Fundamentals Remain Favorable, But Natural Gas Is Priced For Perfection & May Be Poised For A Pull-Back; Crude Oil Domestic Fundamentals To Take A Backseat This Week As Overseas Geopolitics Dominate
Monday, June 18, 2018
The next Daily Commentary will be published on Tuesday, June 19. What follows is the Monday Trading Commentary available to subscribers. For more on subscribing, please click HERE. Thank you to all of those who continue to support the site!
You can read Friday's full Daily Commentary HERE.
Natural gas rallied 6 cents or 1.9% on Friday to settle at $3.02/MMBTU, up 4.6% on the week. It was the highest close for the commodity since January 31, 2018. The natural gas rally was driven by expectations of continued warmer-than-average temperatures that will maintain the storage deficit versus the 5-year average above -500 BCF heading into July. Additionally, unexpected supply disruptions have kept production growth in check and below 80 BCF/day, contrary to earlier analyst forecasts that called for continued growth throughout the summer. Natural gas prices are now 4.5% higher than year-ago levels following a nearly 25% discount heading into May, which could have consequences for fuel-switching the rest of the summer. WTI crude oil, on the other hand, tumbled by $1.83 or 2.7% to $65.07/barrel on Friday, down 1% on the week. The drop came despite a generally favorable Wednesday EIA Petroleum Status Report as expectations of an OPEC production hike weighed on sentiment throughout the week. The Brent-WTI spread finally began to narrow as Brent suffered a steeper 4% weekly loss to $73.44/barrel, driving the spread down to $8.38/barrel, down from nearly $11/barrel the previous week. My Oil & Natural Gas Portfolio dipped slightly on Friday but still finished the week up +1.1% despite my not making a single trade. The portfolio is within 0.2% of all-time highs, up +14.5% through the first 115 trading days of 2018, +31.7% annualized. In the week ahead, I will look to...
Continue Reading Full Article (SUBSCRIBERS)...
Last 3 Daily Commentaries:
Click HERE For Full 30-Day Archive
|
|
Popular Charts, Tables, & Maps
|
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.
