|
Daily Commentaries For The Last 30 Days:
Wednesday, May 21, 2025
Natural Gas Prices Surge On Overdue Dip-Buying Despite No Significant Change In Fundamentals Or Weather; This Was Bottoming Action, But V-Shaped Recovery Not Expected; Oil Prices Rise Late On Israel-Iran Rumors, But Face Test In Expected Bearish Status Report Today; Gas Demand To Hold Steady Today With Bullish Injection On Cold North & Hot South
Tuesday, May 20, 2025
Natural Gas Falls To One-Month Low As 10-Day Losses Reach -18%; Eroding Overvaluation & Supportive Medium- & Long-Term Outlook Makes Natural Gas Increasingly Attractive At Current Levels; Gas Demand To Rise Slightly Today As Unseasonably Chilly Temperatures Expand Across The Northern Tier
Monday, May 19, 2025
Natural Gas Logs 12% Weekly Loss As Fundamentals Remain Week, Despite Bullish Near-Term Temperature Outlook; Speculation Has Run Its Course, But Tightening Imbalances This Summer Remain A Threat; Gas Demand To Rise Today As Much Colder Temperatures Expand Across The Northern Tier While Heat Persists Across The Deep South
Friday, May 16, 2025
Natural Gas Falls To One-Month Low After Third Straight Triple Digit Storage Injection; Speculation Losing The Battle To Reality Right Now, But Prices Likely Nearing Floor; Gas Demand To Rise Slightly Today As Heat Builds Into The Mid-Atlantic; Fourth Straight Triple Digit Build Likely This Week, But The Streak Should End Next Week
Thursday, May 15, 2025
Natural Gas Prices Slump As LNG Exports Weaken & Gas Demand Responds Sluggishly To Early-Season Heat; EIA Projected To Announce Third Straight Triple Digit Storage Injection In Today’s Report; Gas Demand To Rise Slightly Today As Hotter-Than-Normal Temperatures Expand Into The Midwest
Wednesday, May 14, 2025
Natural Gas Prices Wobble Sideways As Investors Eye Coming Heat & Broad Speculative Overvaluations; Celsius Energy Oil & Gas Portfolio Charges To New Year-To-Date High; Oil Rallies For Second Day On Trimmed Tariffs; EIA Expected To Announce Bearish Crude Build In Today’s Petroleum Status Report; Gas Demand To Rise Today On Early Season Heatwave In The Central US
Tuesday, May 13, 2025
Gas Prices Buck Broader Markets & Pull Back On Profit-Taking & Production Concerns; Natural Gas To Face Important Test As Early-Season Cooling Demand Looms; Gas Demand To Rise Today As Triple Digit Heat Builds Across Texas
Monday, May 12, 2025
Natural Gas Finds Support As Near-Term Temperature Outlook Trends Hotter & Longer-Term Speculation Continues; Ballooning Overvaluations Could Limit Additional Gains; Gas Demand To Hold Steady Today As Cool South Counters Triple Digit Dakota Heat With Bearish Daily Build Expected; Cooling Demand To Rise This Week As Much Warmer Conditions Build Into The South
Friday, May 9, 2025
Natural Gas Erases Early Week Losses As Investors Speculate On Supply Declines & Export Gains; Oil Drops After Bullish, But Underperforming, EIA Petroleum Status Report And Geopolitical Dealmaking; EIA Projected To Announce Bearish—But Tighter—99 BCF Injection In Today’s EIA Natural Gas Storage Report; Gas Demand To Rise Today As Cooler Temperatures Build Into The Great Lakes
Thursday, May 8, 2025
Natural Gas Erases Early Week Losses As Investors Speculate On Supply Declines & Export Gains; Oil Drops After Bullish, But Underperforming, EIA Petroleum Status Report And Geopolitical Dealmaking; EIA Projected To Announce Bearish—But Tighter—99 BCF Injection In Today’s EIA Natural Gas Storage Report; Gas Demand To Rise Today As Cooler Temperatures Build Into The Great Lakes
Wednesday, May 7, 2025
Gas Prices Fall For Second Straight Session On Profit-Taking & LNG Export Maintenance; Oil Bounces Hard Off 4-Year Lows On Dip-Buying & Israeli Military Action; EIA Expected To Announce Bullish Crude Oil Inventory Drawdown In Today’s Petroleum Status Report; Gas Demand To Dip Slightly Today As Classic Bearish Shoulder Season Pattern Dominates Lower 48
Tuesday, May 6, 2025
Natural Gas Pulls Back—But Gently—While Oil Tumbles To 4-Year Low; Gas Prices Remain Overvalued, But I’m No Longer Convinced That A Sustained Pullback Is Likely; Gas Demand To Fall Slightly Today As Temperatures Cool Across The East
Monday, May 5, 2025
Natural Gas Prices Continue To Surge As Summer Speculation Grips Sector; Prices Overvalued, But Temperature-Adjusted Imbalances Have Shown Some Tightening; Gas Demand To Edge Higher Today, But Another Bearish Daily Storage Injection Is Still Likely
Friday, May 2, 2025
When Bad News Is Good News: Natural Gas Rallies Despite First Triple Digit Storage Injection In Nearly Two Years; Fundamental Overvaluation Widens; Gas Demand To Rise Slightly Today But A Second Straight Triple Digit Build Is Likely This Week
Thursday, May 1, 2025
Natural Gas Pulls Back, But Finishes Well Off The Lows As Investors Look Past Overvaluation, Bearish Near-Term Temperature Outlook, & Strong Production; Oil Prices Fall On Saudi Comments Despite Bullish EIA Petroleum Status Report; EIA Projected To Announce First Triple Digit Natural Gas Storage Injection Since 2023 Today; Gas Demand To Fall Today On Warmer Great Lakes
Wednesday, April 30, 2025
Gas Prices Extend Gains In Second Day Of Dip-Buying & Long-Term Speculating; Near-Term Temperature Outlook Remains Bearish & Production Stout; Oil Prices Slump To 2-Week Lows On Tariff Fears; EIA Expected To Announce Bearish Crude Build But Bullish Refined Product Draws; Gas Demand To Rise Slightly Today On Cooler Great Lakes But Another Bearish Build Expected
Tuesday, April 29, 2025
Natural Gas Bounces As May Contract Expires On A High Note; Let’s Not Get Carried Away Here As Triple Digit Storage Injections Loom; Gas Demand To Fall To Seasonal Lows Today As East Warms
Monday, April 28, 2025
Natural Gas Logs Fourth Straight Loss With Prices Down Nearly 30% From Recent Highs; Mild Temperature Outlook & Robust Production Exert Relentless Downside Pressure; Speculative Short Positions Now Outweigh Longs For The First Time This Year; Significant Downside Unlikely From Here But Prices Not Ready To Rally; Gas Demand To Fall Today As Northeast Warms
Friday, April 25, 2025
Natural Gas Tumbles Below $3/MMBTU After Larger-Than-Expected EIA Storage Injection; Bullish Catalysts Remain Elusive As Bears Tighten Grip; Gas Demand To Rise Slightly Today But First Triple Digit Weekly Storage Injection Since 2023 Is Projected For This Week (And Next Week); Realtime Storage Deficit Versus The 5-Year Average Projected To Flip To A Surplus Today
Thursday, April 24, 2025
Gas Prices Snap 4-Session Losing Streak In Unconvincing Fashion As Upside Catalyst Remains Elusive. Oil Prices Drop On OPEC+ Production Moves Despite Bullish EIA Petroleum Status Report; EIA Projected To Announce Split +71 BCF Storage Injection In Today’s Report; Realtime Inventories Projected To Top 2000 BCF Today
Wednesday, April 23, 2025
Gas Prices Still Looking For A Bottom; Temperature & LNG Exports Are Unlikely To Help Near-Term, But Keep An Eye On Production; Oil Prices Rise With Broader Markets & New Iranian Sanctions; EIA Expected To Announce Bullish Petroleum Status Report Today; Gas Demand To Fall To Fresh 2025 Low Today As Mild Temperatures Dominate Lower 48
Tuesday, April 22, 2025
Natural Gas Tumbles To 2025 Low As Strong Production & Bearish Temperature Outlook Drive Projected Triple Digit Weekly Storage Injections; Gas Prices Finally Retreat Below Fair Price, Suggesting Bottom Could Be Near; Gas-Weighted Degree Days Fall To Seasonal Low Today As Broadly Mild Temperatures Dominate Lower 48 Suppressing Weather-Driven Demand
Monday, April 21, 2025
Natural Gas Prices Log 3rd Straight Weekly Loss Despite Solid EIA Storage Report As Shoulder Season Temperature Outlook & Stubborn Production Weigh On Sentiment; Could Inventories Flip To A Surplus By Mid-May? Gas-Demand To Inch Higher Today But Another Bearish Daily Injection Is Expected As Mild Temperatures Persist
Thursday, April 17, 2025
Gas Prices Fall To Lowest Since January In Response To Mild Temperature Outlook, Robust Production, & Lower LNG Exports, But Summer & Fall Prices Remain Solid; EIA Projected To Announce Bullish +19 BCF Injection In Today’s Storage Report; Oil Prices Rise After EIA’s Bullish Status Report & New Iranian Sanctions; Gas Demand To Retreat Today As Eastern Cold Snap Fades
Wednesday, April 16, 2025
Natural Gas Snaps Skid, But Still Likely To Face Pressure From Weather & Production; The Bottom Is Approaching; EIA Expected To Announce Bullish Petroleum Status Report Today, But Investor Focus Remains On Tariffs & Global Economy; Gas Demand To Peak Today As Unseasonably Cold Temperatures Dominate Great Lakes & Northeast, But Warm-Up Is Coming
Tuesday, April 15, 2025
Natural Gas Stumbles To 2-Month Low As Production & Late-April Mild Temperature Outlook Continue To Weigh On Sentiment; Fundamental Overvaluation Nearly Erased By 20% Pullback; Gas Demand To Rise Sharply Today As Quick-Hitting Shot Of Colder Air Races Across The Great Lakes
Monday, April 14, 2025
Natural Gas Faces Near-Term Pressure From Bearish Shoulder Season Temperature Outlook & Higher Production; 2x BOIL Completes Rollover; Gas Demand To Retreat Today But Will Recover Mid-Week On Quick-Hitting Cold Snap
Friday, April 11, 2025
Natural Gas Punished Again As US-China Trade War Heats Up; As-Expected +57 BCF EIA Storage Injection; Seasonal Temperature Outlook, And Record LNG Exports But Robust Production All Fail To Break Geopolitical Hold On The Sector; Gas Demand To Rise Today As Great Lakes Cools; Bullish Weekly Storage Injection Likely This Week
Thursday, April 10, 2025
Better Lucky Than Good: Natural Gas & Oil Prices Reverse Higher After Tariff Delay; LNG Export Demand Reaches Record High; EIA Announces Bullish Petroleum Status Report; Bearish +57 BCF Natural Gas Injection Projected For Today’s EIA Storage Report; Gas Demand To Fall Today As Heartland Warmth Expands Eastward Again
Wednesday, April 9, 2025
Weathering The Storm: Gas Prices Plunge To 2-Month Lows In Sympathy With Oil & Broader Markets; Stomach-Churning Volatility Likely To Continue, But This Is Why I Am Confident Long-Term; EIA Expected To Announce Bullish Petroleum Status Report Today—But Will Anyone Care? Gas Demand To Fall As Heartland Warms, But Bullish Injection Still Expected
Tuesday, April 8, 2025
Natural Gas & Oil Slump For Second Session Even As Broad Markets Rebound; LNG Export Demand Sets New Record, But Supply Remains Very Strong; Waiting For The Right Moment To Hit The Buy Button; Gas Demand To Peak Today As Frosty Late-Season Airmass Dominates The Lower 48
Monday, April 7, 2025
Natural Gas Plunges Alongside Global Markets With An Assist From Mother Nature; The Stock Market May Be In Shambles For A While, But The Natural Gas Sector Should Not Be; Gas Demand To Rise Sharply Today As Quick-Hitting Cold Snap Flips Daily Storage Injections To Withdrawals
Friday, April 4, 2025
Natural Gas Bucks Global Sell-Off & Rises Despite Larger-Than-Expected EIA Storage Injection; Speculation Increases As Fundamentals Take A Backseat For Now; Gas Demand To Rise Slightly Today As Colder Temperatures Expand Out Onto The Great Plains; Bearish Injection Likely This Week Before Much Colder Air Returns Next Week
Thursday, April 3, 2025
Natural Gas Bounce Rallies Price Floor As LNG Export & Production Losses Offset; Celsius Energy Oil & Natural Gas Portfolio Year-To-Date Gains Top +20%--But Is Poised To Get Thrashed Today; Oil Prices Rally After In-Line Petroleum Status Report—But Then Plunge After Hours; EIA Projected To Announce Bearish +24 BCF Injection In Today’s Storage Report; Active Weather Pattern Dominates Lower 48
Wednesday, April 2, 2025
Natural Gas Prices Stumble To Start April After Temperature Outlook Moderates & LNG Exports Drop; Oil Prices Retreat From 5-Week Highs Ahead Of Tariff Announcement & EIA Petroleum Status Report; Gas Demand To Fall Today As Warmer Temperatures Overspread Midwest & Ohio Valley Flipping Daily Withdrawals Back To Injections
Tuesday, April 1, 2025
Natural Gas Fades But Still Logs Fourth Straight Gain On Colder April Temperature Outlook & Robust LNG Export Demand; Gas Prices Increasingly Overvalued; I’m Long Here, But…; Natural Gas Demand To Jump Today On Northern Tier Cold Snap With Out-Of-Season Daily Storage Withdrawal Expected
Monday, March 31, 2025
Natural Gas Rallies On Long-Term Speculation & Short Term Cold Snap—And Looks To Extend These Gains Into The New Week; Gas Demand To Rise Today As Colder Air Works Into The Midwest But A Slightly Bearish Injection Is Still Likely; Out-Of-Season Daily Storage Withdrawals Likely Next Week
Friday, March 28, 2025
Natural Gas Stages Oversold Bounce Despite Bearish EIA Storage Injection; Robust Overvaluations Could Point To Further Near-Term Weakness Before Next Buying Opportunity; Gas Demand To Fall Sharply Today As Unseasonably Mild Temperatures Expand East Of The Rockies; Gas Demand To Fall Further This Weekend Before Mid-Week Recovery
Thursday, March 27, 2025
Gas Prices Flat As April Contract Heads To Expiration Today; Mild Temperature Outlook & Weaker Imbalances A Near-Term Headwind, But Longer-Term Bull Market Narrative Remains Intact; Oil Prices Rise After Bullish Status Report; EIA Projected To Announce Very Bearish +28 BCF Storage Injection Today; Gas Demand To Fall Today As Texas Cools & Northeast Warms
Wednesday, March 26, 2025
Natural Gas Falls As Near-Term Bearish Catalysts Pile Up; Strong E&Ps Point To Long-Term Bullishness; Oil Prices Flat As Eastern Europe Peace Prospects & Venezuelan Tariff Threat Offset; EIA Expected To Announce Very Bullish Petroleum Status Report Today; Gas Demand To Rise Slightly Today With Small Storage Withdrawal Expected As Great Lakes & Northeast Cool
Tuesday, March 25, 2025
Natural Gas Falls To 1-Month Low As Bearish Headwinds Outweigh The Bullish; Gas Share Of The Powerstack Still Under Pressure; E&Ps Hold Strong Despite Pullback; Natural Gas Demand To Hold Steady Today As Unseasonable Warmth—And Even Heat—Dominates Most Of The Lower 48
Monday, March 24, 2025
Natural Gas Pulls Back & Could Face Additional Pressure To Start The Week As Near-Term Temperature Outlook Moderates, But Commodity Is Approaching A Price Floor; LNG Feedgas Demand Sets New Records; Gas Demand To Fall Slightly Today As Unseasonable Warmth Expands Across The Heartland
Friday, March 21, 2025
Natural Gas Prices Tumble In Overdue Pullback After EIA-Reported Storage Injection & Milder Late March Forecast; Gas Prices Still Overvalued But Approaching Price Floor; Gas Demand To Hold Nearly Steady Today & Into Next Week As Cooler Conditions Across The Great Lakes & Northeast Persist
Thursday, March 20, 2025
Gas Prices Jump To 8-Day High On Colder Late March Outlook & Potential Summer Tightness; Oil Prices Rise Slightly After Better-Than-Expected EIA Status Report & Fed Rate Decision; EIA Expected To Announce Modestly Bearish -1 BCF Withdrawal In Today’s Storage Report; Gas Demand To Rise Sharply Today With Small Daily Withdrawal As Powerful Storm System Moves East
Wednesday, March 19, 2025
Natural Gas Bounces Off $4/MMBTU As Investors Eye Record LNG Exports & Cooler Late March Temperature Outlook; Oil Prices Fade On Russia-Ukraine Peace Prospects; EIA Expected To Announce Bearish Petroleum Status Report Today; Gas Demand To Hit Near-Term Bottom Today On Mild Northeast Even As Blizzard Cranks Up Across The Heartland
Tuesday, March 18, 2025
Natural Gas Pulls Back To Threshold Of $4/MMBTU & March Lows As Temperature Outlook & Robust Supply Continue To Weigh On Sentiment; Celsius Energy Portfolio Back At 2025 To-Date Highs; Gas Demand To Retreat Today as Eastern US Warms
Monday, March 17, 2025
Get Ready For Some Rangebound Trading As Natural Gas Injection Season Begins; Storage & LNG Exports Face Off Against Supply, Gas-To-Coal Switching, & Mild Temperature Outlook; UNG Rolls Over; Gas Demand To Rise Today As Colder Temperatures Shift Eastward
Friday, March 14, 2025
Natural Gas Fades Gains Despite Better-Than-expected EIA Storage Withdrawal; Withdrawal Season Notches 5-Year High As Injection Season Prepares To Kick Off; Projected End-Of-Injection Season Storage Maximum Now Available; Gas Demand To Fall Today As Exceptional Warmth & Severe Weather Dominate Central US; Final Weekly Storage Withdrawal Of The Season Expected This Week
Thursday, March 13, 2025
Natural Gas Tumbles In Overdue Pullback As Bearish Catalysts Finally Catch Up To High-Flying Commodity; Oil Rises After Better-Than-Expected Petroleum Status Report; EIA Projected To Announce Neutral -53 BCF Withdrawal In Today’s Storage Report; Gas Demand To Hold Steady As Midwest High Temperature Anomalies Top +30F
Wednesday, March 12, 2025
Natural Gas Pulls Back On Geopolitical Headlines & Mild Temperature Outlook—But Remains Overvalued Here; Oil Prices Bounce Ahead Of Expected Bearish Petroleum Status Report; Gas Demand To Rise Slightly Today As The Northeast Cools, But Slow Contraction Of Storage Deficit Continues
Tuesday, March 11, 2025
Natural Gas Loses Sunday Night Momentum But Still Finishes At Fresh 2+ Year Highs For One Bright Spot In Dismal Day On Wall Street; Overvaluations Widen As Near-Term Temperature Outlook & Robust Supply Continue To Look Bearish; Gas Demand To Fall Today As Unseasonably Mild Temperatures Dominate the Midwest With Small Daily Storage Injection Projected
Monday, March 10, 2025
Gas Prices Finish The Week On A High Note And Surge In Sunday Evening Electronic Trading; Overvaluations Widen As Speculation Outpaces Fundamentals; Gas Demand To Fall Today As Spring-Like Warmth Builds Across The Midwest; Daily Storage Injections Likely Later This Week
Friday, March 7, 2025
Natural Gas Pulls Back From Multi-Year Highs After EIA Storage Report Miss & Warmer Mid-To-Late March Temperature Outlook; 5-Year High Storage Withdrawal Season Remains Likely; Gas Prices Still Slightly Overvalued Here; Natural Gas Demand To Fall Today As Temperatures Begin To Moderate & Will Extend Slide Over The Next Week With Small Daily Storage Injections Possible By Next Thursday
Thursday, March 6, 2025
Natural Gas Prices Rally For Third Straight Gain & Fresh 2+ Year Highs; Natural Gas Sector Becoming Increasingly Speculative As Overvalutions Grow; EIA Projected To Announce Slightly Bullish -101 BCF Storage Withdrawal Today; Oil Slumps To Multi-Month Lows After Bearish EIA Status Report; Gas Demand To Spike Today As Colder Temperatures Expand Behind Late-Season Arctic Cold Front
Wednesday, March 5, 2025
Natural Gas Surges To 2+ Year High As Investors Eye Impact Of Tariffs On Supply; Gas Prices Now Slightly Overvalued; Oil Slumps To Multi-Month Lows As Economic Impact Of Tariffs Feared; EIA Expected To Announce Bullish Crude Oil But Bearish Refined Product Storage Data In Today’s Petroleum Status Report; Gas Demand To Rise Today As Powerhouse Storm System Impacts Central US With Full Slate Of Weather
Tuesday, March 4, 2025
Natural Gas Surges After Mid-March Forecast Pivots Colder & Canadian Imports Threatened By Tariffs; Gas Demand To Drop Today As Warmer Temperatures Expand Northeastward As Powerful Storm System Spins Out Onto The Great Plains
Monday, March 3, 2025
Natural Gas Registers Large Weekly Decline—And Could Start This Week Soft, Too—As Bullish Catalysts Dry Up, For Now; CFTC Reports Investors Remains Historically Bullish; Weakness A Buying Opportunity For The Bold; Gas Demand To Retreat Today After Sunday’s Spike, But Another Bullish Daily Storage Withdrawal Is Likely
Friday, February 28, 2025
Natural Gas Prices Drop In April’s Front-Month Debut After Bullish, But Underachieving, EIA Storage Withdrawal; Inventories Likely To Finish Season With 5-Year High Withdrawal & Face Uphill Battle To Refill Inventories This Summer; Gas Demand To Rise Slightly Today Before More Substantial Jump This Weekend As Colder Air Returns To the Northeast
Thursday, February 27, 2025
March Futures Contract Expires With Big Loss; Oil Prices Reach New 2-Month Low After Disappointing Refined Product Build, But $68/Barrel WTI Looks Increasingly Attractive; EIA Projected To Announce Exceptionally Bullish -269 BCF Natural Gas Storage Withdrawal Today; Another Bearish Daily Storage Withdrawal Likely Today Before Demand Ramps Up Into The Weekend
Wednesday, February 26, 2025
Natural Gas Prices Bounce After Early March Temperature Outlook Trends Cooler; Oil Prices Drop To Two-Month Lows After Disappointing Consumer Confidence Numbers & Tariff Fears; EIA Expected To Announce Slightly Bullish Crude Storage Drawdown But Bearish Refined Product Builds In Today’s Status Report; Gas Demand To Hold Steady At Near-Term Low Today Before Rising Into The Weekend
Tuesday, February 25, 2025
Natural Gas Drops Sharply In Healthy Pullback After March Temperature Outlook Moderates; Spring Contracts Undervalued As Upside Potential Starts To Outweigh Downside Risk Again, But Production Needs To be Closely Monitored; Gas Demand To Drop Again Today As Projected Daily Storage Withdrawal Falls Below 5-year Averages
Friday, February 21, 2025
Sell-The-News: Natural Gas Snaps Winning Streak At Seven As Investors Take Profits Despite Bullish EIA Storage Report After Near-Term Models Moderate Some; Gas Prices Still Undervalued & Upside Potential Outweighs Downside Risk At These Levels; Natural Gas Demand To Begin Multi-Day Pullback Today At Temperatures Warm, But Bullish Daily Storage Withdrawals Expected Into Next Week
Thursday, February 20, 2025
Seventh Heaven: Natural Gas Soars To 3-Year High On March Temperature Outlook, Production Drop, & Record LNG Exports; Prices Not Unrealistic Here, But The Cold Must Show Up; EIA Projected To Announce Bullish -183 BCF Withdrawal In Today’s Storage Report; Gas Demand To Peak Today As Arctic Air Dominates East Of The Rockies
Wednesday, February 19, 2025
Whiplash: Natural Gas Bears Jilted As Prices Abandon Pulback For Sixth Straight Gain After LNG Exports Reach Record Highs & March Temperature Outlook Trends Sharply Colder; Expect Volatile Trading Ahead As Gas Prices Remain Undervalued But Are Highly Dependent On Extreme Forecast Verifying; Gas Demand To Rise Today As Arctic Airmass Expands Its Grip On The Lower 48
|
