Daily Commentaries

Today's Daily Commentary

Monday, November 30, 2020
Natural Gas Falls To End Holiday-Shortened Week But Still Finishes With A Weekly Gain; Natural Gas Demand Set To Rise Today On Deep South Cold & Ohio Valley Storm System As Realtime Inventories Finally Drop Below 3900 BCF; LNG Exports Steady Near All-Time Highs As Global Gas Prices Rally; Strong Gas Demand Likely This Week On Chilly Temperatures—But Then What?

Daily Commentaries For The Last 30 Days:

Friday, November 27, 2020
Natural Gas Rallies Despite Another Disappointing EIA Storage Report As December Temperature Outlook Trends Colder; Gas Demand To Rise Slightly Today As Cooler Conditions Overspread The Great Plains, But Another Bearish Weekly Withdrawal Is Still Expected; Triple Digit Withdrawal Possible Next Week As Much Colder Temperatures—And The Threat For Snow—Finally Arrive

Wednesday, November 25, 2020
Natural Gas Rises For A Third Day As Confidence In Colder Early-December Temperature Outlook Increases While Oil Surges To 8-Month High On Biden Transition & COVID Vaccine Optimism; A Busy Day For The EIA Today With Oil & Natural Gas Storage Reports On Tap; Gas Demand To Fall Sharply Today As Warmer Temperatures Quickly Overspread The East

Tuesday, November 24, 2020
Natural Gas Rallies As Early-December Temperature Outlook Trends Colder With Triple Digit Weekly Storage Withdrawals Possible; Gas Demand To Rise To 1-Week High Today On Quick Eastern Cold Shot As Inventories Fall Back Towards Seasonal Lows; LNG Export Demand Rallies On Record Flows To Corpus While Production Continues To Toe 90 BCF/Day

Monday, November 23, 2020
Natural Gas Finishes In The Black But Wraps Up The Week Deeply In The Red After Bearish Temperature Outlook & Rebounding Production; Natural Gas Poised For A Bounce To Start The Week, But A Broad Pattern Shift Is Needed For A Meaningful Rally; Gas Demand To Rise Today On Seasonally Cool Lower 48 With First Bullish Storage Withdrawal In 5 Days Expected Today

Friday, November 20, 2020
Natural Gas Stumbles Again After Bearish & Larger-Than-Expected Storage Injection, Even As E&Ps Rally; Where Is The Price Floor? Daily Storage Withdrawals To Flip To Injections Today As Pervasive Warmth Dominates Lower 48; Neutral Storage Withdrawals Expected Each Of The Next Two Weeks As Warm Temperatures & Tight Supply/Demand Imbalance Counter Each Other—But Investors Are Looking For More

Thursday, November 19, 2020
Natural Gas Rebounds But Finishes Off The Highs On Near-Term Cooling Trend, Even As Headwinds Persist; Oil Rises On Smaller-Than-Expected EIA-Reported Crude Oil Build, But Also Finishes Well Below Session-Highs; EIA Projected To Announce Very Bearish +24 BCF Natural Gas Storage Injection In Today’s Report; Gas Demand To Fall Sharply Today As Warmth Expands East

Wednesday, November 18, 2020
Natural Gas Steadies After Monday’s Sell-Off But Near-Term Temperature Outlook & Rising Production Remain Headwinds; EIA Expected To Announce Bearish Crude Oil Inventory Build But Bullish Refined Product Draws In Today’s Status Report; Gas Demand To Rise To Weekly High Today On Cooler East & Deep South Temperatures, But Demand Will Fall Sharply Later This Week

Monday, November 16, 2020
Natural Gas Poised To Fall To Start The Week As Late November Temperature Outlook Trends Much Warmer Than Normal; Futures Strip Dependent On Big Storage Withdrawals This Winter To Justify Pricing—But There’s Still Plenty Of Time To Recover; Gas Demand To Rise Today As East Cools; Progressive Pattern To Drive Big Swings In Demand This Week With Bullish Weekly Draw Expected

Thursday, November 12, 2020
Natural Gas Ramps Up Into The Close On Colder Temperature Outlook—Though The Bulls Are Still Waiting For Signs Of A Meaningful Pattern Change; EIA Expected To Announce Very Bullish Petroleum Status Report Today, But Demand Concerns Linger; Daily Natural Gas Storage Withdrawals To Resume Today As Eastern Warmth Retreats; LNG & Mexican Exports Charge Higher, But Production & Canadian Imports Also Gain

Wednesday, November 11, 2020
Natural Gas Finally Bounces After Near-Term Temperature Outlook Trends Slightly Cooler & Production Slumps; EIA Expected To Announce Very Bullish Crude Oil & Refined Product Drawdowns--But We’ll Have To Wait Another Day To Know For Sure; Gas Demand To Rise Today On Great Lakes Cool Down With Inventories Likely To Make Secondary Peak

Tuesday, November 10, 2020
Natural Gas Left Behind In Broad Market Rally On News Of Pfizer Vaccine Efficacy As Bearish Temperature Outlook Continues To Weigh On Sentiment; Gas Demand To Rise Slightly Today As Colder Temperatures Accompany Quick-Hitting Snowstorm Across the Plains But Bearish Injection Still likely On Historic Eastern Warmth; Gas Production Looks To Fall Sharply Today, But Losses Will Be Partially Offset By Rebounding Imports

Monday, November 9, 2020
Natural Gas Sees Largest Weekly Drop Since March As Prices Remain Under Constant Pressure From Mother Nature—Despite Record LNG Exports & Faltering Production; Gas Demand To Rise Slightly Today As Colder Conditions Overspread The Northern Plains, But Daily Storage Injections To Persist Through Mid-Week

Friday, November 6, 2020
Sometimes, Life Is Just Not Fair: Natural Gas Falls For Fourth Straight Session On Exceptionally Bearish November Temperature Outlook, Despite Larger-Than-Expected EIA-Reported Storage Withdrawal & Very Tight Supply/Demand Imbalance; Gas Demand To Fall Today As Unseasonable Warmth Dominates Lower 48; Small Weekly Storage Injection Projected This Week

Thursday, November 5, 2020
Where Is Winter? Natural Gas Falls For A Third Day On Historically Mild November Temperature Outlook; Oil Gains On Bullish EIA-Reported Storage Withdrawals; Gas E&Ps Drop On Election Results; EIA Projected To Announce Bullish -24 BCF Weekly Natural Gas Storage Withdrawal In Today’s Report; Gas Demand To Drop Again Today As Above-Average Temperatures Overwhelm Lower 48

Wednesday, November 4, 2020
Exceptionally Bearish Near-Term Temperature Outlook Dooms Natural Gas—But Look For A Paradigm Shift In How Pullbacks Are Treated This Year; Oil Bounces Hard Off Failed Sell-Off With EIA Expected To Announce Very Bullish—But Hurricane Fueled—Inventory Drawdown Today; Natural Gas Storage Withdrawals To Flip Back To Injections Today On Warmer Temperatures But Near Record LNG Export Demand Will Keep The Build In Check

Tuesday, November 3, 2020
Natural Gas Falls As November Temperature Outlook Trends Very Bearish, While Oil & Gas E&Ps Stage Late Rebounds; Natural Gas Demand To Fall Sharply Today With Final Daily Storage Draw For The Next 7 Days Likely; LNG Feedgas Demand To Top 10 BCF/Day Today For The Second Time Ever As Cameron Continues To Ramp Up

Monday, November 2, 2020
Natural Gas Rallies To 22-Month High On Record LNG Exports & Shut-In Production, But Looming Warm-Up Could Drive A Near-Term Pullback & Buying Opportunity; Oil Prices Take It On The Chin As Global Lockdowns Expand—And Create Long-Term Tailwind For Natural Gas; Daily Natural Gas Storage Withdrawals To Reach Double-Digits Today On Fleeting Shot Of Eastern Chill

Friday, October 30, 2020
Hard Not To Be Bullish Here: Natural Gas Stages Fierce Rally After EIA Reports Smaller-Than-Expected Storage Injection; Temperature-Independent Supply/Demand Imbalance Tightens To 2020 High Heading Into The Heating Season; Gas Demand Set To Rise Today As Northeast Finally Cools Down; LNG Export Demand To Reach New All-Time High Today

Thursday, October 29, 2020
EIA Projected To Announce Very Bullish +35 BCF Natural Gas Inventory Build In Today’s Weekly Storage Report In What May Be The Last Weekly Injection Of The Season; Gas Demand To Rise Today With Another Daily Withdrawal Expected On New England Cooldown; Year-Over-Year Supply/Demand Imbalance To Reach 2020 High Today On Soft Production & Near-Record LNG Exports

Wednesday, October 28, 2020
December Natural Gas Rallies Ahead Of November Expiration As Investors Eye Volatile November Temperature Outlook; Consolidation Continues In The Natural Gas Sector As EQT Buys Chevron’s Gas Assets To Boost Its Status As Leading Producer; EIA Expected To Announce Bearish Crude Oil Inventory Build In This Week’s Petroleum Status Report; Gas Demand To Rebound Today As Central US Warms & Zeta Makes Landfall

Tuesday, October 27, 2020
Natural Gas Rallies Despite Equities Sell-Off & Warming November Temperature Outlook As Investors Focus On Strong LNG Demand & Falling Storage Levels; Gas Demand To Hold Steady Today As Record Cold & Remarkable Texas Winter Storm Drive Another Early Daily Storage Withdrawal; Natural Gas Production To Fall To 3-Week Low Today On Gulf Shut-Ins As Hurricane Zeta Approaches

Friday, October 23, 2020
Natural Gas Takes A Breath After Another Bullish EIA-Reported Storage Injection, But E&Ps Break Out; Natural Gas Supply/Demand Imbalance Continues To Widen, Driving Long-Term Storage Projections Lower; Gas Demand To Rise Today As Arctic Cold Front Makes Its Way Eastward; Will This Week’s Storage Build Be The Last Of 2020?

Thursday, October 22, 2020
Natural Gas Tops $3.00/MMBTU For The First Time Since January 2019 As Bulls Take Charge; Oil Prices Falter Despite Another EIA-Reported Storage Drawdown As Demand Concerns Persist; EIA Projected To Announce Bullish +50 BCF Storage Injection In Today’s Report; Gas Demand To Fall Again Today On Eastern Warmth, But Realtime Storage Surplus Still Expected To Fall Below +300 BCF This Afternoon

Wednesday, October 21, 2020
Natural Gas Front-Month Surges To 21-Month High On Cold Temperatures & Rebounding LNG Exports While Winter Contracts Take A Breather; Oil Snaps 3-Session Losing Streak Ahead Of Expected Bullish EIA Status Report Today; Gas Demand To Fall Today On Unseasonably Mild East But Bullish Injection Still Expected On Tight Supply/Demand Imbalance