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Daily Commentaries

Today's Daily Commentary

Friday, September 18, 2020
Bloodbath: Natural Gas Sees Second Biggest September Decline On Record After Larger-Than-Expected EIA-Reported Storage Injection; This Is Why It Happened & Why The Selloff Was Overdone; Gas Demand To Finish Out The Week On A High Note Today With a Slightly Bullish Weekly Injection Expected; LNG Export Demand To Top 8 BCF/day Today For The First Time Since April



Daily Commentaries For The Last 30 Days:

Wednesday, September 16, 2020
Front-Month Natural Gas Rallies On Production Declines, Even As Near-Term Temperature Outlook Remains Bearish; Oil Bounces On Gulf Of Mexico Shut-Ins With Further Gains Possible Today On Expected EIA Crude Oil Inventory Drawdown; Gas Demand To Drop Today As Hurricane Sally Brings Power Outages & Much Cooler Conditions To The Deep South


Wednesday, September 16, 2020
Front-Month Natural Gas Rallies On Production Declines, Even As Near-Term Temperature Outlook Remains Bearish; Oil Bounces On Gulf Of Mexico Shut-Ins With Further Gains Possible Today On Expected EIA Crude Oil Inventory Drawdown; Gas Demand To Drop Today As Hurricane Sally Brings Power Outages & Much Cooler Conditions To The Deep South


Tuesday, September 15, 2020
Natural Gas Bounces On Gulf Of Mexico Production Shut-Ins, But Can’t Hold The Majority Of Its Morning Gains; Higher Prices Likely This Fall As Storage Concerns Are Overblown Amidst Tightening Supply/Demand Imbalance; Gas Demand To Trend Higher Today On Building Plains Warmth & Production Drop


Monday, September 14, 2020
Natural Gas Logs 12% Weekly Drop On Tepid Late-September Outlook But Building Bullish Headwinds Signal A Near-Term Rebound; Oil Prices Sink On Demand Concerns & First Inventory Build In 7 Weeks; LNG Exports Roar Back Above 7 BCF/Day, But Cameron Still Shut-Down; Gulf Of Mexico Producers Begin To Shut In Production (Again) As Sally Approaches


Friday, September 11, 2020
Natural Gas Slides On Further Profit-Taking After Slightly Larger-Than-Expected EIA Storage Injection, But Prices Are Nearing My Pullback Target; Oil Sinks Again After The EIA Reports First Inventory Build In 7 Weeks On Lackluster Demand; Natural Gas Demand To Slump Today As Cooler Conditions Shift Eastward With Another Neutral Weekly Injection Expected


Thursday, September 10, 2020
The Energy Sector Takes A Breather On Wednesday After Tuesday’s Big Moves, But Volatility Likely To Return Today with Twin Storage Reports On Tap; Neutral Natural Gas Injection Projected While Offsetting Bearish Crude Build & Gasoline Draws Expected As Effects From Hurricane Laura Linger; Gas Demand To Fall Slightly Today As Rockies Starts To Rebound & Texas Cools Further


Wednesday, September 9, 2020
Natural Gas Plunges More Than 7% In Long-Awaited Pullback But Improving Fundamentals Mean Further Downside Is Limited; Oil Tumbles To 3-Month Low On Domestic Demand Worries & Saudi Price Cuts; Daily Natural Gas Storage Injections To Hold Steady Today As Unseasonable Early-Season Arctic Blast Is Both Boon & Bane For Demand; LNG Export Demand Spikes To Highest Since May


Tuesday, September 8, 2020
A Change Is In The Air: Gas Demand To Rise Today As Record Cold & Snow Replace Heat & Wildfires Across The Rockies; Oil Prices Fall To Their Lowest Levels Since July On Demand Fears & Market Turmoil; Natural Gas Still Overvalued, But Downside Is Limited & Health Pullback Will Be Short-Lived; LNG Feedgas Demand To Move Sharply Higher Today Back To Pre-Laura Summertime Highs


Friday, September 4, 2020
Natural Gas Flat Following Bullish, But As-Expected, EIA-Reported Storage Injection; LNG Exports Both A Bearish & Bullish Driver For Natural Gas Now & In The Months Ahead; Wild Weather On The Way As The Fall’s First Arctic Cold Front Set To Make Its Presence Felt


Thursday, September 3, 2020
Natural Gas Ends Slightly Lower In Volatile Session While Oil Investors Sell-The-News Following Bullish Storage Drawdowns On Temporary Hurricane Laura Impacts; EIA Projected To Announce Very Bullish +33 BCF Natural Gas Storage Injection In Today’s Report; Gas Demand To Rise Today On East & West Coast Heat, But Realtime Inventories Expected To Top 3500 BCF


Wednesday, September 2, 2020
Natural Gas Falls Sharply In Healthy Pullback After Largest Monthly Rally In 11 Years As LNG Export Plants Remain Shuttered & Early-September Temperature Outlook Cools; Oil Rises Ahead Of Expected Bullish EIA-Reported Storage drawdown In Today’s EIA Status Report; Gas Demand To Rise Today On Plains Heat With Storage Surplus Set To Fall Below +400 BCF For The First Time Since May


Tuesday, September 1, 2020
Natural Gas Stages Afternoon Rally To Nearly Erase Early 6% Pullback On Optimistic Return Of LNG Export Demand; Global Natural Gas Prices Soar, Boosting LNG Profitability; Natural Gas Still Overvalued & Due To Pull Back—But Some Premium Likely To Persist On Improving Sentiment; Gas Demand To Rise Today On Hot South & West Even As The Midwest Remains Unseasonably Cool


Monday, August 31, 2020
Natural Gas Logs Fourth Straight Weekly Gain But Large Overvaluation, Rebounding Gulf Production & Shut-Down LNG Exports Poised To Drive Near-Term Pullback—Even As Long-Term Prospects Remain Rosy; Natural Gas Investors Continue To Pile In On The Long Side As Bullish Sentiment Reaches Its Highest Since April 2019; Gas Demand To Rise Steadily This Week With Another Slightly Bullish Build Expected


Friday, August 28, 2020
Natural Gas Soars To New 2020 High Despite Growing Overvaluation As Early Reports Suggest LNG Infrastructure Damage Less Than Feared After Hurricane Laura; Year-Over-Year Production Declines Reach 2020 High While Mexican Exports Hit Record; Gas Demand To Hold Steady Today As Texas Heat Counters Northern Cooling With Very Bullish Weekly Storage Injection Expected


Thursday, August 27, 2020
Natural Gas Retreats Amidst Growing Threat Of Prolonged Shut-Down Of Cameron & Sabine Pass LNG Export Plants After Hurricane Laura Makes Direct Hit; Oil Prices Waver After EIA Reports Storage Drawdown In Line With Expectations; EIA Expected To Announce Slightly Bullish +43 BCF Natural Gas Injection In Today’s Report; Gas Demand To Rise Today Despite Laura As Eastern Seaboard Heats Up


Wednesday, August 26, 2020
Natural Gas Pulls Back As Hurricane Laura Takes Aim On LNG Export Facilities, Cutting Demand, But Losses Limited As Nationwide Production Continues To Drop; Oil Rises To 5-Month High Ahead Of Expected Bullish Crude Oil & Gasoline Inventory Drawdowns In Today’s EIA Report; Natural Gas Demand To Dip Today On Northeast Cooldown, But Bullish Daily Build Still Expected On Record Plains Heat


Wednesday, August 26, 2020
Natural Gas Pulls Back As Hurricane Laura Takes Aim On LNG Export Facilities, Cutting Demand, But Losses Limited As Nationwide Production Continues To Drop; Oil Rises To 5-Month High Ahead Of Expected Bullish Crude Oil & Gasoline Inventory Drawdowns In Today’s EIA Report; Natural Gas Demand To Dip Today On Northeast Cooldown, But Bullish Daily Build Still Expected On Record Plains Heat


Tuesday, August 25, 2020
Production Shut-Ins & Hot Temperatures Drive Natural Gas Higher Yet Again But Unstainable Rally Is Poised For A Sell-The-News Pullback As Short-Term Overvaluation Nears 20%; Gas Demand To Rise Today on Widespread Lower 48 Heat As Late-Summer Powerburn Could Reach 45 BCF; LNG Volumes To Fall Sharply Today As Threat From Dangerous Tropical Storm Laura Grows


Monday, August 24, 2020
Active Tropics To Drive Dueling Natural Gas Production & Demand Losses This Week; Overvalued & Overextended Natural Gas Due For A Substantial Pullback After 38% Rally, But Long-Term Outlook Still Rosy As Production Stagnant & LNG Exports Reach 13-Week High; Gas Demand To Rise Today On Building Central US Heat & Will Remain Strong All Week


Thursday, August 20, 2020
Oil Rallies To Finish Flat After Surprise Gasoline Drawdown, But Disappointing Demand Numbers; Domestic Gas Prices Buck Global Trends & Fundamentals As Speculators Hold The Line; EIA Projected To Announce Neutral Natural Gas Injection In Today’s Report; Gas Demand To Dip Today As Cooler Conditions Dominate East


Wednesday, August 19, 2020
Defying Gravity: Natural Gas Rises To Another 2020 High As Near-Term Overvaluation Grows; A Pullback Is Likely To Allow Fundamentals To Catch Up, But Winter Gas Price Outlook Continues To Improve; Oil Flat As EIA Expected To Announce A Bullish Crude Oil Inventory Draw But A Big Gasoline Build In Today’s Status Report;


Tuesday, August 18, 2020
Overvalued Natural Gas Pulls Back, But Losses Limited As Investors Value Long-Term Bullish Narrative Over Near-Term Fundamentals; Oil Prices Rally, Even As Imports Show Signs Of Recovery With Smaller Crude Storage Draw Possible This Week; Gas Demand To Hold Steady Today As Blistering Western Heat Counters Cool Heartland; Tropics Set To Heat Up Later This Week


Friday, August 17, 2020
Natural Gas Soars To Highest Level Since December 2019 On FOMO, But A Healthy Pullback Is Overdue According To The Fundamentals; Oil Records Weekly Gain On Low-Volatility Trade; Gas Demand To Move Higher Today On Hot West & Warming East; LNG Export Demand Nears 5 BCF/Day While Rising Global LNG Prices Will Support Bigger Gains In September