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Daily Commentaries For The Last 30 Days:
Thursday, July 2, 2020
Natural Gas Sells Off On Slump In LNG Exports To New 2020 Lows—But Look For The Commodity To Bounce Back On Prolonged July Warmth; Oil Holds Onto Gains After EIA Reports Largest Withdrawal Of 2020, Though Demand Outlook Still Remains A Concern; EIA Projected To Announce Slightly Bearish +72 BCF Natural Gas Inventory Build Today, But Storage Surplus Has Likely Peaked As Heat Builds
Wednesday, July 1, 2020
Natural Gas Extends Gains On Building July Heat While Oil Pulls Back As Investors Eye Surging COVID Cases; EIA Expected To Announce Largest Storage Withdrawal of 2020 Today On Rebounding Exports; Gas Demand To Hold Steady As Heat Builds Across The South But LNG Export Demand Tumbles To New 2020 Low
Tuesday, June 30, 2020
Natural Gas Explodes Off 25-Year Lows In 2nd Largest June Rally As July Temperature Outlook Trends Hotter While Oil Shrugs Off Early Losses To Finish Higher; Slightly Bullish Daily Storage Injection Expected Today On Southern Plains & Southeast Heat; LNG Export Demand Fades But Still On Track For Second Straight Weekly Gain
Monday, June 29, 2020
Natural Gas Poised To Bounce As Near-Term Temperature Outlook Trends Hotter While Oil Is Due For A Pullback; Rig Count Nears A Bottom, But A V-Shaped Recovery Is Unlikely; Gas Demand To Rise Today As East Coast & Great Plains Heat Build; Can Daily Powerburn Top 50 BCF/Day This Summer?
Friday, June 26, 2020
Max Pain: Natural Gas Tumbles To 25-Year Low After Much Larger-Than-Expected EIA-Reported Storage Injection, But Here's Why Investors Are Overreacting; Gas Demand To Rebound Today On Warming East Though Slightly Bearish Weekly Injection Still Expected
Thursday, June 25, 2020
Natural Gas Falls Towards 25-Year Lows Even As Supply/Demand Show Some Evidence Of Tightening; Oil Plunges After EIA Reports New Record-High Crude Inventories & COVID Fears Escalate; EIA Projected To Announce Very Bearish +109 BCF Natural Gas Storage Injection Today; LNG Volumes Continue To Rebound, Nearing 5 BCF/Day
Wednesday, June 24, 2020
Natural Gas Drifts Lower As Seasonally Cool Temperature Outlook Fails To Inspire & Soft Supply/Demand Imbalance Expected To Persist Near Term While Oil Prices Give Up Early-Session Gains On COVID Worries; EIA Expected To Announce Bearish Crude Oil Build But Bullish Refined Product Draws In Today's Petroleum Status Report; LNG Feedgas Demand Rebounds As Cameron Volumes Set New High
Tuesday, June 23, 2020
End Of An Era: 3X Natural Gas ETFs UGAZ & DGAZ To Delist In July--What Does It Mean For Natural Gas Traders? Gas Demand To Dip Slightly Today On Expansion Of Cooler Temperatures Into The Ohio Valley; LNG Export Demand Rises Again But August Cargo Cancellations On Track To Match July, Despite Improving Global Market
Monday, June 22, 2020
Patience Is The Name Of The Game: Gas Prices Try To Rebound On Prospect For Hotter Temperatures, But Sustained Rally Needs Lower Production & Higher LNG Exports; Rig Count Falls To New Record Low Despite Higher Oil Prices; Gas Demand To Rise Today On Hot East & Rebound in LNG Demand Above 4 BCF
Friday, June 19, 2020
Natural Gas Flat After Neutral EIA-Reported Storage Injection As Rangebound Trading Likely To Continue; Late-Summer Tightening In Supply/Demand Imbalance May Be Too Late To Prevent Storage From Topping 4000 BCF, But Will Lead To Wintertime Fireworks; Natural Gas Inventories Projected To Top 3000 BCF This Weekend Before Warm-Up Drives Daily Injections Back Towards More Seasonable Levels Next Week
Thursday, June 18, 2020
Natural Gas Bounces To Stop The Bleeding, But Don't Expect A Sustained Rally To Begin Just Yet; Oil Falls, Then Rises, Then Falls After The EIA Reports Surprise Refined Product Draws, But New Record Crude Inventories & Soft Demand; EIA Projected To Announce Another Neutral Natural Gas Storage Injection Today; Gas Demand To Rise Slightly Today As Southeast Finally Warms
Wednesday, June 17, 2020
Waiting For The Bull: Natural Gas Due For A Bounce Here, But A Sustained Move Higher May Be Several Months Off; Oil Prices Holding Their Ground With The EIA Expected To Announce Another Bearish Storage Build Today; Gas Demand To Hold Unsteady Today With Bearish +14 BCF/d Daily Storage Build Expected As Unseasonably Chilly Southeast Undermines Powerburn
Tuesday, June 16, 2020
Natural Gas Falls To 1-Month Low After Temperature Outlook Cools; Traders Still Believe In The Bull Market--As Do I--But Strong Divergence Between Near- & Long-Term Fundamentals & Sentiment Make This Trade More About Surviving Than Thriving, For Now; Gas Demand To Hold Steady Today As Temperatures Warm Slightly But LNG Demand Falls To New 10-Month Low
Monday, June 15, 2020
Summer Doldrums: Natural Gas Fades Towards The Bottom Of Its Trading Range On Weak LNG Exports As Late June Temperature Outlook Remains Murky; Oil Pulls Back As Headwinds Intensity; Gas Demand To Rebound Today From Weekend Lows, But Cool Pattern To Persist For Several More Days; LNG Exports Hold Near 10-Month Lows Even As European Market Tightens
Thursday, June 11, 2020
Natural Gas Sputters As Lateral Trading Continues While Oil Rallies Into The Close On Positive Fed Comments Despite Crude Inventories Reaching All-Time High; EIA Projected To Announce Slightly Bullish +89 BCF Natural Gas Storage Injection In Today's Report; Gas Demand To Fall Today As Northeast Cools Down
Wednesday, June 10, 2020
Absence Of Bullish Catalysts Pressures Natural Gas Near-Term As Temperatures Cool, LNG Exports Stifled & Product Stabilizes--But The Bull Is Just Hibernating; EIA Expected To Announce Exceptionally Bearish Crude Oil Inventory Build Today With Storage Reaching All-Time Highs; Gas Demand To Dip Slightly Today As Cooling Heartland Is Offset By Scorching Northeast
Tuesday, June 9, 2020
Energy Stocks Soar (Some Irrationally) Even As Oil Pulls Back & Natural Gas Searches For Momentum; Gas Demand To Rise To Weekly High Today As Northeast Heats Up; LNG Export Demand Continues To Languish Under 4 BCF/Day While Production Holds Near 90 BCF/day As Supply/Demand Stalemate Remains Entrenched
Monday, June 8, 2020
Sell The Rips & Buy The Dips: Natural Gas Stuck In Rangebound Pattern As Volatility Slumps On Offsetting Bullish & Bearish Catalysts; Oil Continues March Higher On OPEC+ Production Cut Extension, But Rig Count Continues To Fall; Gas Demand To Rebound Today As The Midwest Bakes, But Cristobal To Be A Major Player In A Late-Week Cooldown
Friday, June 5, 2020
Natural Gas Flat After EIA Reports Neutral +102 BCF Storage Injection As The Market Continues To Tighten On Weak Production & Strong Powerburn; Gas Demand To Hold Steady For One More Day As Seasonal Warmth Dominates The Plains & Midwest While Intermountain West Cranks The Heat; Cristobal Looking Like A Non-Event For Natural Gas--And That's A Good Thing
Thursday, June 4, 2020
Natural Gas Bounces On Strong Powerburn & Rebounding LNG Exports While Oil Rises On EIA-Reported Crude Storage Drawdown Despite Big Refined Product Builds; EIA Projected To Announce Slightly Bullish +98 BCF Natural Gas Storage Injection Today; Powerburn Headed Towards 2020 High Today As Hot Temperatures Dominate Lower 48
Wednesday, June 3, 2020
Natural Gas Caught In A Gravity Trap Between Near-Term Bearishness & Long-Term Bullishness; EIA Expected To Announce Bullish Crude Oil Draw, But Bearish Refined Product Builds, As Investors Focus On OPEC Meeting; Natural Gas Powerburn Set To Jump Today As Temperatures Warm Across The Lower 48 While Daily LNG Demand Finally Bounces, But Is Still Set For Large Weekly Decline
Tuesday, June 2, 2020
Natural Gas Falters On Tumbling LNG Exports & Moderating June Temperature Outlook; Oil Rebounds To Finish Flat After Rumor Of Extended OPEC Supply Cuts; Cooling Demand To Rise Today As Heat Builds Across the Heartland; LNG Demand Falls Again To 10-Month Low; Tropical Depression 3 A Complicated Threat To The Northern Gulf
Monday, June 1, 2020
Natural Gas Set To Pullback To Start The Week As LNG Export Demand Falls To New 2020 Low Today--Even As Warmer Temperatures Are Poised To Boost Powerburn Latere This Week; Gas Demand To Rebound Today As Hotter Conditions Overspread The Plains; Watching The Gulf Of Mexico Later This Week For Tropical Development
Friday, May 29, 2020
Turning The Corner: EIA Reports Bearish +109 BCF Natural Gas Storage Injection, But Supply/Demand Imbalance Now Appears To Be Tightening Back Up On Production Drop & Strong Powerburn; Oil Prices Rally After Big Inventory Build As Imports Surge Above Pre-COVID Levels
Thursday, May 28, 2020
Natural Gas Pulls Back Even As Powerburn Reaches New Seasonal High & LNG Exports Gain While Oil Drops Sharply As Russia Ponders Relaxing Production Curbs Next Month; In Twin Reports Today, EIA Projected To Announce Slightly Bearish Natural Gas Storage Injection And Big Crude Oil Build As Inventories Near All-Time High; Gas Demand To Hold Steady Today On Warming South But Cooling Northeast
Wednesday, May 27, 2020
Natural Gas Jumps On Rising Powerburn & Exports While Oil Rebound Moves Full Steam Ahead; Natural Gas Rally Has Legs, But Needs Help This Summer; Gas Demand To Hold Steady Today As South Warms, But Toasty Great Lakes & Northeast Moderate; LNG Export Demand Continue To Recover As Week-Over-Week Gains Top 1 BCF/Day
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