Daily Commentary & Archive

Today's Daily Commentary

Friday, February 17, 2017
Natural Gas At 3-Month Low After EIA Reports Smaller-Than Expected Weekly Withdrawal; Natural Gas Demand Begins Downturn With -9 BCF Daily Draw Today; Record Warmth This Weekend & Next Week To Drive Daily Injections & Record Bearish Weekly Withdrawal

Daily Commentaries For The Last 30 Days:

Thursday, February 16, 2017
EIA Projected To Announce Bearish -122 BCF Natural Gas Withdrawal In Today's Storage Report; Crude Oil Inventories Rise To New Record After EIA reports +9.5 MMbbl Weekly Inventory Build; Natural Gas Demand Poised To Rise For Third Straight Day Today With Still-Bearish -19 BCF Draw Expected

Wednesday, February 15, 2017
New Record High Crude Oil Inventories Possible Today After EIA Forecast To Announce Bearish Weekly Build; Natural Gas Demand Rises With -18 BCF Daily Withdrawal Expected Today; Excessively Warm Temperatures Likely To Drive Near-Record Low Storage Draw Next Week

Tuesday, February 14, 2017
Natural Gas Closes Below $3.00/MMBTU For The First Time In 3 Months As 3 Straight Weeks Of 5-Year Low Weekly Withdrawals Now Projected; Natural Gas Demand Rises But Daily Withdrawals Remain Well Below-Average; Rioja Knutsen Arrives In Sabine Pass

Monday, February 13, 2017
Natural Gas Drops To 10-Week Low As February Forecast Trends Warmer Still; EIA Projected To Announce Bearish -122 BCF Withdrawal In This Week's Storage Report; Natural Gas Inventories Fall Below 2016 Minimum, But Demand Likely To Be Below Normal All Week As Mild Temperatures Continue

Friday, February 10, 2017
Natural Gas Unmoved After The EIA Reports Mildly-Average Storage Withdrawal; Gas Demand To Slide Today As Great Plains Warms 30F Day-Over-Day With Further Warming To Drive Daily Withdrawals To Single Digits Over The Weekend; Sabine Pass Tanker Traffic Remains Active

Thursday, February 9, 2017
EIA Projected to Announce Mildly Bullish -154 BCF Weekly Natural Gas Withdrawal In Today's Storage Report; Gas Demand Surges As Blizzard Pounds New England; Crude Oil Steady Despite EIA-Reported Second-Largest Weekly Oil Build On Record

Wednesday, February 8, 2017
EIA Forecast To Report Second-Largest All-Time +14.2 MMbbl Crude Oil Inventory Build In Today's Report With Stocks Closing To Within 3 MMbbls Of Record High; Natural Gas Demand To Rise As Midwest Temperatures Cool With Larger Spike Likely Tomorrow As Nor'Easter Pounds I-95 Corridor

Monday, February 6, 2017
Powerburn Data Now Available On Celsius Energy; Natural Gas Continues Push Towards $3.00/MMBTU As February Outlook Looks Exceptionally Mild; Slightly Bullish Preliminary -156 BCF Weekly Withdrawal Projected For Thursday's EIA Report

Friday, February 3, 2017
Natural Gas Holds Its Ground After EIA Reports Bearish But Larger Than Expected -87 BCF Weekly Withdrawal; Gas Demand To Rise Further Today With Bullish -30 BCF Withdrawal Expected; Near-Average Preliminary Weekly Withdrawal Expected Next Week As Temperatures To Soar Midweek And Then Plunge

Thursday, February 2, 2017
EIA Projected To Announce Bearish -85 BCF Weekly Natural Gas Storage Draw In Today's Report; Despite Bearish Crude Oil Inventory Build, Prices Rise After Surprise Production Decline; Natural Gas Demand To Surge Today As Colder Temperatures (Temporarily) Sweep South

Wednesday, February 1, 2017
Natural Gas Falls 7% In Two Days To 3-Week Low As February Outlook Continues To Warm; EIA Forecast To Announce Near-Average +5.8 MMbbl Weekly Crude Oil Inventory Build But Bearish Rise In Total Petroleum Inventories In Today's Report

Tuesday, January 31, 2017
Natural Gas Slumps 4% To Open The Week As Early February Forecast Trends Milder; Natural Gas Demand To Fall Today With Bearish -18 BCF Daily Draw Expected; Sabine Pass Poised To Be Swarmed With LNG Tankers As Feedgas Demand Reaches New Highs

Monday, Jan 30, 2017
Natural Gas Up 5 Straight Days As Demand Rebounds But Further Bullish Momentum To Be Limited By Absence Of Arctic Air; Seasonal Temperatures Today To Drive Modestly Bullish -25 BCF Daily Storage Draw; Exceptionally Bearish -88 BCF Natural Gas Weekly Withdrawal Projected For Thursday's EIA Storage Report

Friday, Jan 27, 2017
Natural Gas Fades After EIA Withdrawal In Line With Expectations As Commodity Reaches Top Of Trading Range & Forecast Warms; Gas Demand Climbs To 1-Week High With Bullish -26 BCF Daily Draw Expected Today, But January 21-27 Still Expected To Finish With Exceptionally Bearish Draw

Thursday, Jan 26, 2017
EIA Projected To Announce Bearish -114 BCF Weekly Natural Gas Storage Withdrawal; Gas Demand Surges Today With -20 BCF Daily Draw Expected As Midwest & Plains Cool; Extended Forecast Reverses & Trends Colder; Crude Oil Falls After Total Petroleum Inventories Approach Record High

Wednesday, Jan 25, 2017
EIA Forecast To Announce Bullish +2.9 MMbbl Crude Oil Weekly Build, But Net Bearish Build Including Refined Products; Natural Gas Demand Flat Day-Over-Day As Projected Weekly Withdrawal Continues To Dip Amidst Tepid Demand; Sub-200 BCF February Draws Off The Table (For Now ) As Extended Term Forecast Trends Sharply Warmer

Tuesday, Jan 24, 2017
Natural Gas Demand Rises For A Third Consecutive Day With Still-Bearish -14 BCF Daily Draw Expected Today; Long-Term Temperature Outlook Remains Fraught With Uncertainty; LNG Feedgas Demand To Sabine Pass Plunges 36% In 48 Hours As Tankers Line Up Offshore

Monday, Jan 23, 2017
Natural Gas Falls To 2-Week Low As Extended Outlook Trends Warmer, But Is Now 5% Undervalued; Bearish -13 BCF Daily Gas Withdrawal Today, But Demand To Rise Throughout The Week; Crude Oil Bullish Sentiment Rises To 52-Week High, Even As Domestic Supply Concerns Persist

Friday, Jan 20, 2017
Natural Gas (But Not UNG) Rises After EIA Reports Exceptionally Bullish -243 BCF Weekly Natural Gas Storage Withdrawal As Market Remains Tight; Bearish -8 BCF Daily Draw Expected Today With Weak Demand To Persist Through The Weekend; Colder--If Not Arctic--Air Arrives Late Next Week

Thursday, Jan 19, 2017
EIA Projected To Announce 5-Year High -239 BCF Natural Gas Storage Withdrawal In Weekly Report; Today's Forecast Daily Draw Drops To Bearish -10 BCF As Mild Air Remains Entrenched Nationwide; EIA Forecast To Announce Bullish -5.0 MMbbl Crude Oil Withdrawal, But Bearish Gasoline Storage Build

Wednesday, Jan 18, 2017
Natural Gas Flat To Open The Week As Nationwide January Thaw Counters Expected Record Withdrawal In This Week's EIA Report And Forecasts For Cooler February Temperatures; Bearish -12 BCF Daily Withdrawal Expected Today; LNG Exports Rise To Yet Another Record High