Daily Commentaries

Today's Daily Commentary

Friday, September 17, 2021
Natural Gas Prices Finally Retreat After Larger-Than-Expected EIA-Reported Storage Injection, Cooler Temperature Outlook, & Sharp Drop In European Prices; Is This The Beginning Of A Sustained Pullback Or Just Another Fakeout & Buying Opportunity? Gas Demand To Rise Today On Hot Plains; Heat & Near-Average Storage Injections To Persist Through Early Next Week Before Fall-Like Cold Front Arrives & Sends Shoulder Season Demand Lower

Daily Commentaries For The Last 30 Days:

Thursday, September 16, 2021
Natural Gas Surges To New 7-Year High While European Prices Spike To All-Time Highs As Energy Crisis Deepens; Oil Prices Rise After The EIA Reports Very Bullish -6.5 MMbbl Crude Oil Drawdown; EIA Expected To Announce Slightly Bullish +72 BCF Injection In Today’s Storage Report; Gas Demand To Drop Today With Near-Average Storage Injection Expected As Northeast Cools

Wednesday, September 15, 2021
Natural Gas Rallies Unabated, Reaching A New 7-Year High As Investors Warily Eye Upcoming Heating Season; Oil Prices Flat Ahead Of What Is Expected To Be A Very Bullish EIA Petroleum Status Report Today; Gas Demand Set To Drop Today On Cooler Southeast & Lower LNG Feedgas Demand

Tuesday, September 14, 2021
What Overvaluation? US Gas Prices Soar To 7-Year Highs While European Prices Notch Fresh All-Time Highs As Storage Concerns—Plus A Health Dose Of Speculation—Fester; Nicholas Makes Landfall As A Hurricane, Disrupting Production, Powerburn, And, Potentially, LNG Exports; Gas Demand To Dip Today As Cool Deep South Counters Hot East & Ohio Valley

Monday, September 13, 2021
Natural Gas Pulls Back, But still Records Third Straight Weekly Gain As Prices Reach 7-Year Highs; Short-Covering Continues But Money Managers Still Not Buying; Gas Demand To Inch Higher Today As East & Midwest Heat Up; Tropical Storm Nicholas A Big-Time Rain Maker For Texas & Possible Threat To Gulf Coast LNG Export Facilities

Friday, September 10, 2021
Natural Gas Rallies Above $5.00/MMBTU To New 7-Year High Despite Larger-Than-Expected EIA Injection As Storage Concerns Persist Heading Into The Heating Season; Even With Bullish Fundamentals & Rising Deficit, Natural Gas Is Priced For A Winter Of Perfection; Gas Demand To Hold Steady Today Before Rising This Weekend As Heat Moves Into The Great Plains And Then On To The Eastern Seaboard

Thursday, September 9, 2021
Natural Gas Prices Top $5.00/MMBTU Intraday & Settle At 7-Year Highs As Shorts Get Squeezed In Remarkable Shoulder Season Rally; Oil Prices Edge Higher As Investors Bet Refineries Recover Faster Than Producing Wells; Busy EIA Projected To Announce Bullish, But Uncertain, +41 BCF Natural Gas Storage Injection & Bearish Crude Oil Drawdown, But Very Bullish Refined Product Draws Today; Gas Demand To Drop Today On Northeast Cooldown

Wednesday, September 8, 2021
Natural Gas Pulls Back After Holiday Weekend As Profit-Takers Step In & Shoulder Season Temperature Outlook Disappoints Relative To Hot 2016-2020; Natural Gas Overvalued & Looking For An Excuse To Drop—But Is Still Looking For A Good One As Fundamentals Remain Solid; Gas Demand Set To Inch Lower Today As Midwest Cools, Even As West & Rockies See Blazing Heat

Tuesday, September 7, 2021
Natural Gas Ends Week At nearly 3-Year High As Tight Supplies Raise Concern Heading Into The Shoulder Season; Natural gas Bullish Sentiment Rises But, Surprisingly, Remains Lower Than A Year Ago—Here’s Why; Gas Demand Poised To Rise Slightly Today As Warmer-Than-Normal Temperatures Dominate Most Of The Lower 48

Friday, September 3, 2021
The Bull Run Continues: Natural Gas Spikes Then Fades As Profit-Takers Step In After Another Very Strong +20 BCF EIA Storage injection; Projected End-Of-Season Storage maximum Drifting Under 3500 BCF—Which Will Keep Prices Up, No Matter How Overvalued; Bullish Storage Injections This Week & Next To Send Year-Over-Year Deficit To Over -600 BCF

Thursday, September 2, 2021
Oil Prices Recover After EIA Reports Larger-Than-Expected Crude Oil Inventory Drawdown; Natural Gas Spikes To Fresh 2021 High While January 2022 Contract Sees Highest Futures Price Since February 2014; EIA Expected To Announce Bullish +30 BCF Injection In Today’s Storage Report; Gas Demand To Fall Today, But Slightly Bullish Build Still Expected As Supply/Demand Imbalance Remains Tight

Wednesday, September 1, 2021
Natural Gas Reverses To Close Higher As Shut-In Production & Tighter Supply/Demand Imbalance Outweigh Cooler Temperature Outlook While Oil Settles Lower; EIA Expected To Announce Slightly Bearish Crude Oil Drawdown & Moderately Bearish Gasoline Build In Today’s Status Report; Gas Demand Set To Drop Today As Remnants Of Ida Reach The Northeast

Tuesday, August 31, 2021
Overvalued & Overextended Natural Gas Sells-The-News In Overdue Pullback—But Don’t Think This Bull Run Has Ended; Gas Demand To Fall Today As Remnants Of Ida Track Into The Ohio Valley & Millions Remain Without Power, But Another Bullish Daily Injection Is Still Expected; Realtime Inventories To Finally Top 2900 BCF This Afternoon, More Than A Two Months Later Than Last Year

Monday, August 30, 2021
Natural Gas Spikes In Furious late-Week Rally After Bullish EIA Storage Report & Hurricane Ida’s Production Disruptions—And Lack Of LNG Disruption; Can Natural Gas Rally Further? Gas Demand To Inch Higher Today As Hot East & Warming Great Plains Counter Ida-Cooled Deep South

Friday, August 27, 2021
The Bull Can’t Be Stopped: Natural Gas Surges More Than 7% To Fresh Two-And-A-Half Year High After Much Smaller-Than-Expected EIA-Reported Storage Injection; Natural Gas Significantly Overvalued Versus Its Fair Price, But Don’t Expect A Sharp Reversal Just Yet; Gas Supply & Especially Demand To Be Significantly Impacted Next Week By Dangerous Hurricane Ida

Thursday, August 26, 2021
Oil Prices Rise To Push 3-Day Gain Over +10% After EIA Status Report Tops Expectations With Bullish Gasoline Drawdown; Natural Gas Whipsaws Before Ending Flat As Gulf Of Mexico Hurricane Threat Increases; EIA Expected To Announce Neutral +42 BCF Injection In Today’s Weekly Storage Report

Wednesday, August 25, 2021
Natural Gas Pulls Back While Oil Jumps On Mexican Production Outage; EIA Expected To Announce Modestly Bearish Crude Oil Inventory Drawdown Today—But Will Investors Care? Natural Gas Demand Set To Rise Again Today As Populous Northeast Heats Up

Tuesday, August 24, 2021
Natural Gas Pops +2.4% To Start The Week As Near-Term Temperature Outlook Heats Up But Weak Temperature-Adjusted Powerburn Remains A Concern Heading Into The Shoulder Season; Oil Prices Soar After 7-Day Losing Streak; Gas Demand Set To Rise Again Today As Heat Alerts Expand Across The South Central

Friday, August 20, 2021
Natural Gas Rallies To Overcome Disastrous EIA-Reported Storage Injection As Investors Look To Tightening Supply/Demand Imbalance & Hotter Near-Term Outlook; Why The Big Miss?; Gas Demand To Rise Next Week As Consistent Heat Expands Across The East; Tropical Storm Henri An Increasing Threat To New England This Weekend

Thursday, August 19, 2021
Oil Prices Drop Despite Larger-Than-Expected Crude Oil Inventory Drawdown While Choppy Natural Gas Trade Continues With Modest Bounce; EIA Projected To Announce A Bullish, But Loose, +26 BCF Storage Injection Today; Gas Demand Set To Rise Again On Hot Northern Plains & Warming Southeast

Wednesday, August 18, 2021
Volatile Natural Gas Gives Up Monday’s Gains On Weak Powerburn & Near-Term Cooling Trend While Oil Dips Ahead Of Today’s Status Report On Surging COVID-19 Cases & Stronger Dollar; EIA Expected To Announce Moderately Bearish Crude Oil Inventory Drawdown In Today’s Petroleum Status Report; Gas Demand To Rise Today As Temperatures Rebound Across The Southeast & The Northern Plains Continues To Bake

Tuesday, August 17, 2021
Natural Gas Rebounds On Dip-Buying & Hotter Late-August Temperature Outlook; Gas Demand To Rise Today as Record Heat Bakes The Northern Plains; Tropical Storm Fred Slowly Spins Down As Attention Turns To Tropical Storm Grace & Its Potential Impacts On LNG Exports & Gulf Production Later This Week

Monday, August 16, 2021
Natural Gas Finally Sees Sustained Pullback As Prices Retreat -7% On The Week As Pending Cooldown, Weak LNG Exports, and Strong Wind Generation Embolden The Bears; Sell-Off Sends Natural Gas Prices Close To Composite Fair Price; Gas Demand To Hold Nearly Steady Today As Building Northern Plains Heat Counters Tropical Storm Fred-Cooled Southeast

Friday, August 13, 2021
Natural Gas Slumps Back Under $4.00/MMBTU After Uninspiring EIA-Reported Storage Injection & Pending Cooldown; Gas Prices Remain Overvalued, But I See A Firm Price Floor Near $3.75/MMBTU; Natural Gas Demand Poised To Drop Today & Through The Weekend As Cooler Temperatures Overspread The Midwest & Tropical Storm Fred Brings Heavy Rain To The Southeast

Thursday, August 12, 2021
Oil Prices Rise Despite Mediocre Petroleum Status Report On Rising Demand & White House Statements; Natural Gas Pulls Back Ahead Of Weekend Cooldown; EIA Projected To Announce Slightly Bearish +52 BCF Storage Injection For Today’s Report; Lower 48 Bakes As Mean Population-Weighted Temperatures Expected To Reach New Seasonal—And, Potentially—2021 High Today

Wednesday, August 11, 2021
Natural Gas Pushes Past Headwinds To Log A Small Gain While European Gas Prices Spike To Reach New 2021 Highs; Oil Prices Rally Ahead Of What Is Expected To Be A Neutral Crude Oil Inventory Drawdown In Today’s Petroleum Status Report; Hottest Day Of The Year (So Far) Likely Today With Small Daily Natural Gas Storage Withdrawal Expected as Heat Alerts Blanket The Lower 48