Daily Commentaries

Today's Daily Commentary

Friday, May 27, 2022
Natural Gas Prices Soar After Bullish EIA Storage Report, Only To Give Up All Their Gains And Then Some After Profit-Takers Step In; Temperature -Adjusted Imbalances Tighten During The Week; Gas Demand To Begin Recovery Today As Heat Shifts Eastward; 5-Year Minimum Storage Injections Expected For Each Of The Next 2 Weeks

Daily Commentaries For The Last 30 Days:

Tuesday, May 25, 2022
Natural Gas Prices Rise Slightly To Fresh 13-Year High On Warming Late May & Early June Temperature Outlook, Even As Production Rises & LNG Exports Drop; US Oil Prices Ease Lower Ahead Of Expected Bullish EIA Status Report Today; Gas Demand To Fall Today As Unseasonably Cool Conditions Overspread The Central US

Tuesday, May 24, 2022
Natural Gas Surges To 3-Week High On Rebounding LNG Exports & Hot June Temperature Outlook; Will Recovering European Inventories & Falling Margins Price Out US LNG Exports?; Gas Demand To Hold Nearly Steady Today As Hot West Counters Cool Heartland & Mid-Atlantic

Monday, May 23, 2022
Natural Gas Prices Fall Friday, But Finish The Week With a Solid Gain; Strong Powerburn & LNG Export Demand Outweigh Production Gains And Support Higher Prices In The Near-Term To Rebalance Markets; Gas Demand Set To Drop This Week As Cooler Temperatures Finally Arrive But Heat Expected To Return For Early June

Oil Prices Tumble On Market Rout Despite Bullish EIA Status Report; Natural Gas Ignores The Turmoil To Notch Third Straight Gain; EIA Expected To Announce Neutral +89 BCF Injection In Today’s Storage Report; Temperatures Begin To Ramp Up Across The South With Record Heat Likely By This Weekend Across The East

Wednesday, May 18, 2022
Natural Gas Rallies To 2-Week Highs On Prospect For Strong Mid-May Cooling Demand; WTI Oil Prices Pull Back On Possible Venezuela Negotiations, But Close Above Brent For The First Time Since 2020; EIA Expected To Announce Bullish Crude Oil & Refined Product Inventory Drawdowns In Today’s Status Report; Gas Demand To Rise Again Today With Bullish Injection Expected As Southern Heat Builds

Tuesday, May 17, 2022
Natural Gas Jumps In Volatile Trading Session On Powerburn Strength & Flat Production; Gas Demand Set To Rise Today As Deep South Heat Trumps Northern Tier Cooldown

Monday, May 16, 2022
Natural Gas Recovers After Last Monday’s Big Drop But Still Finishes With Rare Weekly Loss; Powerburn Demand An Emerging Bullish Catalyst & Could Propel Near-Term Prices Higher; Natural Gas Rig Count Rises, But Production Has Yet To Respond; Gas Demand To Dip Slightly Today, But Then Rebound This Week As Heat Returns To The Deep South

Thursday, May 12, 2022
Crude Oil Inventories Jump To Highest Since December On Big SPR Release, But WTI Surges On Tight Refined Products & Geopolitical Tension; Gas Prices Rise A Second Day On Hot Temperature Outlook & Volatile Production; EIA Expected To Announce Neutral +81 BCF Injection In Today’s Storage Report; Gas Demand To Fall Today As East & West Coasts Cool

Wednesday, May 11, 2022
Natural Gas Rallies On Dip Buying, Lower Production, & Hot Temperature Outlook As Volatile Trading Continues; Oil Prices Drop Below $100/Barrel For The First Time In A Week; EIA Expected To Announce Slightly Bearish Crude Oil Inventory Build Today; Natural Gas Demand To Fall As Hot Heartland Offset By Cool East & West Coasts

Tuesday, May 10, 2022
Mayhem: Natural Gas Plunges Over 20% In Two Days & Drops A Dollar In A Single Session For The First Time Since 2005 On Global Sell-Off & Rebounding Production; Volatility 10X 2021 Levels & Likely To Remain Elevated; Gas Demand To Ease Today As Anomalies Shift Northwards

Monday, May 9, 2022
Natural Gas Plunges On Friday On Pre-Weekend Profit-Taking & Production Recovery—But Still Finish The Week In The Black; Look For A Bounce This Week, But Bulls Will Need To Find New Catalysts If Prices Are To Reach Fresh Highs; Money Managers Aren’t All-In On Natural Gas Here; After Weekend Heat Wave, Gas Demand Set To Slowly Fall This Week As Warmth Shifts From The Deep South To The Northern Tier

Friday, May 6, 2022
Natural Gas Prices Soar To Third Straight 13-Year High Despite Slightly Larger-Than-Expected EIA Storage Injection & Loose Temperature-Adjusted Imbalance; Lower Gas Prices Are Inevitable—But We May See $10/MMBTU First; Gas Demand To Hold Steady Today Before Early-Season Texas Heatwave Is Poised To Bolster Demand This Weekend

Thursday, May 5, 2022
Natural Gas Spikes To Fresh 13-Year Highs For A Second Straight Day As Bulls Run Rampant Thanks To Weak Production & Impending Early-Season Heatwave; Oil Prices Spike After Slightly Bullish EIA Status Report & Potential European Oil Embargo; EIA Projected To Announce Neutral +73 BCF Storage Injection In Today’s Report; Gas Demand To Fall Slightly As Seasonal Temperatures Overspread The East

Wednesday, May 4, 2022
Natural Gas Spikes To 13-Year Highs On Expected Winter-To-Summer Pattern Shift, Soft Production, & Geopolitical Concerns; Oil Prices Pullback On Chinese COVID Concerns But Won’t Stay There For Long With The EIA Expected To Announce An Exceptionally Bullish Petroleum Status Report Today; Gas Demand To Rise Slightly As Southeast Warms & Northern Tier Cools

Monday, May 2, 2022
Natural Gas Surges As Low-Production Narrative Drives Sentiment; Just How Tight (Or Loose) Is The Market If You Ignore April’s Unseasonably Cool Temperatures? Gas Demand Set To Rise Today Off Weekend Lows & Will Hold In Narrow Range This Week At Or Above The 5-Year Average

Friday, April 29, 2022
Profit-Takers Step In After The EIA Reports Slightly Larger-Than-Expected +40 BCF Storage Injection; It Was A Loose Build, But Look For A Tighter Imbalance In Next Week’s Report; Gas Demand Set To Fall Today As More Seasonal Temperatures Overspread The Lower 48; Look For Consistent Double-Digit Daily Storage Injections Next Week Before Another Late-Season Cold Snap Arrives Late

Thursday, April 28, 2022
Oil Prices Rise After EIA Reports Better-Than-Expected Crude Oil Inventory Build & Distillates Fall To 14-Year Lows; Natural Gas Front-Month Expires With A Bang As Global Supply Concerns & Soft US Production Weigh; EIA Expected To Announce Slightly Bullish +37 BCF Injection In Today’s Natural Gas Storage Report; Gas Demand To Begin Multi-Day Decline Today

Tuesday, April 26, 2022
Natural Gas Rebounds Sharply In Volatile Monday Trading On Cold Near-Term Temperature Outlook & Lower Production; Gas Demand To Rise Today As Unseasonably Cool Conditions Expand Eastward