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Daily Commentaries

Today's Daily Commentary

Friday, March 27, 2020
Natural Gas Sputters Despite Larger-Than-Expected EIA-Reported Storage Withdrawal & Favorable Supply/Demand Data While Oil Tumbles To Snap 3-Day Winning Streak; Natural Gas Production Resumes Slide As Year-Over-Year Gain Narrows While Powerburn Extends Gains Versus 2019, Promising Strong Cooling Season; Gas Demand To Dip Today On Mild East Even As South Bakes



Daily Commentaries For The Last 30 Days:

Thursday, March 26, 2020
Welcome To The Natural Gas Injection Season: Gas Demand To Fall Today On Mild Eastern Seaboard As The First In A String Of Daily Storage Builds Likely To Kick Off The Shoulder Season; EIA Projected To Announce Modestly Bearish -23 BCF Natural Gas Withdrawal In Today's Storage Report; Oil Holds Onto Gains After Neutral Status Report, But Near-Term Volatility & Downside Risk Remain


Wednesday, March 25, 2020
Natural Gas & Oil Rally As Dow Jones Sees Largest Daily Point Gain On Record; EIA Expected To Announce Bullish Petroleum Status Report Today As Investors Await Impact Of COVID-19-Induced Demand Shock; Gas Demand To Drop Today But Losses Blunted As Cooling Demand Rises On Deep South Heat


Tuesday, March 24, 2020
Natural Gas Recovers From Early-Session 25-Year Low As Bullish Tailwind Grows; Oil Rebounds, But Volatile Trading Likely To Continue On Highly Uncertain Supply/Demand Picture; LNG Exports To Dip From Near-All-Time Highs Today While Investors Eye Bloated European Inventories As Storage Levels Bottom Amidst Supply Glut & Demand Losses


Monday, March 23, 2020
Oil Crumbles In Worst Week Since 1991 & Drags Natural Gas To 25-Year Low Despite Bullish Catalysts; LNG Feedgas Demand Rises To Near All-Time Highs Despite Huge European Storage Surplus; Natural Gas Inventories Finally Drop Below 2000 BCF Overnight, But Storage Levels Expected To Bottom For The Season Today


Friday, March 20, 2020
Natural Gas Bounces From 25-Year Low After So-So Storage Report, While Crude Oil Sees Best Session On Record; Natural Gas Production Rebounds (Temporarily), While Powerburn Demand Looks Strong Heading Into The Shoulder Season; Record-Warmth Possible Today Along The Eastern Seaboard While Arctic Air Settles Southward Across The Plains


Thursday, March 19, 2020
Where Is The Bottom? Oil & Natural Gas Fall To Multi-Decade Lows Amidst Market Rout & Demand Concerns; EIA Reports Eighth Straight Crude Oil Build, But Bullish Refined Product Draws; EIA Projected To Announce Bearish -7 BCF Natural Gas Storage Withdrawal In Today's Report; Daily Storage Injection Likely Today As Spring-Like Temperatures Dominate The East


Wednesday, March 18, 2020
Oil & Natural Gas: So Much Long-Term Potential, But So Much Near-Term Pain; EIA Projected To Announce Bullish Crude Oil & Refined Product Inventory Drawdowns In Today's Petroleum Status Report As the Anticipated Demand Slump Has Yet To Arrive; Gas Demand To Dip Today On Widespread Mild Temperatures East Of The Rockies


Tuesday, March 17, 2020
Oil & Natural Gas Tumble After US Indices See Largest Point Losses In History; Demand Shock Fears Escalate, But US Industrial Gas Demand Holding Steady (For Now); LNG Feedgas Volumes To Rebound Today, But Total Demand To Dip As Temperatures Moderate


Monday, March 16, 2020
Bracing For Renewed Losses In The Energy Sector As Futures Go Limit Down & Demand Shock In Both Oil & Natural Gas Grows; CFTC Reports Short Covering Among Natural Gas Money Managers, But Bulls Remain Risk-Averse; Late-March Cooldown Could Support Late-Season Withdrawals, But Unpredictable Commercial & Demand Losses Cloud The Picture


Friday, March 13, 2020
Natural Gas & Oil Set To Tumble On Global Market Sell Off As Investors React To European Travel Ban; EIA Projected To Announce Bearish Natural Gas Inventory Withdrawal In Today's Storage Report; Get Ready For Production Declines Versus LNG Export Shut-Ins To Be The Leading Story For Natural Gas Moving Forwards--But Here's Why I'm Still Long


Thursday, March 12, 2020
Natural Gas & Oil Set To Tumble On Global Market Sell Off As Investors React To European Travel Ban; EIA Projected To Announce Bearish Natural Gas Inventory Withdrawal In Today's Storage Report; Get Ready For Production Declines Versus LNG Export Shut-Ins To Be The Leading Story For Natural Gas Moving Forwards--But Here's Why I'm Still Long


Wednesday, March 11, 2020
Natural Gas & Oil Set To Tumble On Global Market Sell Off As Investors React To European Travel Ban; EIA Projected To Announce Bearish Natural Gas Inventory Withdrawal In Today's Storage Report; Get Ready For Production Declines Versus LNG Export Shut-Ins To Be The Leading Story For Natural Gas Moving Forwards--But Here's Why I'm Still Long


Tuesday, March 10, 2020
Natural Gas Short Squeeze Is Back On The Table After Oil Crash Drives Prospect Of Accelerated Production Declines & Tightened Balances; Oil Sees Largest Loss Since The Gulf War On Stunning Collapse Of OPEC+; Gas Demand To Inch Higher Today, But Second Straightly Daily Storage Injection Likely On Diffusely Mild Temperatures


Monday, March 9, 2020
The End Of US Shale? Russia-Saudi Powerplay Triggers Price War, Sends WTI Down 30% To Under $30/Barrel; Oil Crash A Threat To LNG Exports, But Overall Long-Term Bullish For Natural Gas; Natural Gas Projected To See Second Daily Storage Injection Of The Year Today On Mild Northeast, But Mid-March Cooldown Increasingly Likely


Friday, March 6, 2020
Oil & Natural Gas Sell-Off As Market Rout Resumes; EIA Reports Neutral Storage Withdrawal While Falling Supply & Rising Mexican Exports Hint At Tightening Imbalance This Summer; Natural Gas Nears Dubious Record; Gas Demand To Rebound Today On Cool Ohio Valley & Rising LNG Feedgas Demand, But Bearish 5-Year Minimum Weekly Withdrawal Still Expected


Thursday, March 5, 2020
Oil Prices Falter Despite Bullish EIA Status Report As Investors Focus On OPEC And Ongoing Coronavirus-Induced Demand Destruction; Natural Gas Prices Holding On Despite Mild Temperature Outlook As Focus Turns Towards Shoulder Season; EIA Projected To Announce Neutral Storage Withdrawal In Today's Report


Wednesday, March 4, 2020
Oil & Natural Gas Hang Onto Gains Even As Indices Plummet, But Watch Out For A Near-Term Pullback In Natural Gas Amidst Balmy Temperature Outlook; EIA Projected To Announce Bullish Crude Oil Inventory Build In Today's Status Report; Realtime Natural Gas Storage Surplus Expected To Top +200 BCF Today For The First Time Since Mid-February


Tuesday, March 3, 2020
Oil & Natural Gas Soar As Dow Jones Notches Its Best Single Day On Record--Despite An Exceptionally Mild Near-Term Temperature Outlook & Rapid Spread Of Coronavirus; LNG Demand To Fall Sharply Again Today To Nearly 3-Month Lows On Gulf Of Mexico Fog; Gas Demand To Slump To 2020 Low As Unseasonably Mild Temperatures Overwhelm The Lower 48


Monday, March 2, 2020
Natural Gas & Oil See Crushing Losses As Indices Record Worst Weekly Loss Since The Financial Crisis, But Are Poised To Bounce This Morning; Both Commodities Steeply Undervalued, But Don't Trust Fundamentals To Pick A Bottom; Natural Gas Demand To Fall This Week As Unseasonably Mild Temperatures Dominate Lower 48


Friday, February 28, 2020
Calamity: Natural Gas Takes A Brutal 1-2-3 Punch & Tumbles To 3-Year Low; Oil Prices Sell-Off As Well After Dow Jones Sees Its Largest Single-Session Loss Ever; Fear-Trade In Full Effect As Commodities Detach From Fundamentals; Another Bullish Natural Gas Storage Withdrawal Likely Today, But Get Ready For A Big Warm-Up


Thursday, February 27, 2020
Natural Gas Succumbs To 1-2 Punch Of Global Sell-Off & Abrupt Near-Term Warming Trend While Oil Sells Of On Accelerating Global Demand Fears Despite Bullish EIA Storage Report; Both Commodities Steeply Undervalued, But Be Careful Catching The Falling Knife; EIA Projected To Announce Modestly Bullish Natural Gas Storage Withdrawal Today


Wednesday, February 26, 2020
Elevator Down: Natural Gas Holds Up, But Oil Swamped As Global Sell-Off Continues; Don't Expect Sustainable Rallies In The Commodities Sector Until The Coronavirus Crisis Peaks; EIA Expected To Announce Another Small Crude Oil Inventory Build In Today's Petroleum Status Report; Gas Demand To Soar Today As Much Colder Temperatures Overspread The Central US


Tuesday, February 25, 2020
Oil & Natural Gas Sell-Off As Global Markets Tumble On Coronavirus Fears & Near-Term Temperature Outlook Warms; Gas Demand To Rise Today As Much Colder Temperatures Edge Out Onto The Great Plains; Another Shot Of Unseasonably Cold Temperatures Is On The Way, But By Next Week Will We Be Done With Arctic Air For The Rest Of The Winter?