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Daily Commentaries For The Last 30 Days:
Thursday, October 3, 2024
Natural Gas Fades After Briefly Topping $3/MMBTU On Higher Matterhorn Express Production Receipts; Oil Prices Also Give Up Gains After EIA Reports Larger-Than-Expected Crude Oil Inventory Build; EIA Projected To Announce Bullish +58 BCF Natural Gas Storage Injection Today; Gas Demand To Dip Today As Seasonable Conditions Dominate Northern Tier
Wednesday, October 2, 2024
Natural Gas Prices Fall As Matterhorn Pipeline Enters Service, But Recover To Finish Tuesday Nearly Flat; Oil Prices Jump On Middle East Tension; EIA Expected To Announce Bullish Crude Oil Inventory Drawdown In Today’s Status Report That Could Send Crude Inventories To 18-Month Lows; Gas Demand To Rise Today As Late-Season Heat Builds Into The Great Plains
Tuesday, October 1, 2024
Gas Prices Rally To New 14-Week High But Volatility Is Blunted As Bulls & Bears Fight For Control; I Still Favor A Near-Term Pullback On Mild Mid-October Temperature Outlook & Higher Production, But Expect Losses To Be Limited—And Temporary--As Surpluses Continue To Narrow; Gas Demand To Rise Slightly Today As Late-Season Heatwave Intensifies Across The West & Texas
Monday, September 30, 2024
Natural Gas Roars To 15-Week Highs As Investors Look Past Hurricane Helene Demand Suppression & Eye Narrowing Surplus; Natural Gas Bears Continue Exodus Per CFTC Data; All Eyes On Production Heading Into October; Watch For A Pullback Here—But Also A Buying Opportunity; Gas Demand To Rise Today As Late-Season Heat Shifts Into The Midwest
Friday, September 27, 2024
Natural Gas Falls After Bullish Injection (Plus Storage Reclassification) Disappoints & Hurricane Helene Suppresses Cooling Demand; 2024 Injection Season Flexes Its Bullishness; Natural Gas Broadly Undervalued Heading Into The Withdrawal Season, But Bearish Headwinds Persist; Gas Demand To Hold Steady Today As Helene Slowly Spins Down; Another 5-Year Minimum Storage Injection Expected This Week
Thursday, September 26, 2024
Gas Prices Rise, But Expiring October Contract Hogs The Gains; Hurricane Helene Takes Aim On Gulf Coast & Brings Bearish Near-Term Powerburn Suppression, But Any Pullback Looks Like A Buying Opportunity; Crude Inventories Fall To 2+ Year Lows, But Oil Prices Drop Anyways; EIA Projected To Announce Bullish +53 BCF Injection In Today’s Storage Report; Gas Demand To Fall Today As Southeast Cools Ahead Of Helene
Wednesday, September 25, 2024
Natural Gas Prices Pullback On Profit-Taking After Blitz To 3-Month Highs, But Downside Should Be Limited Here; Oil Prices Jump To 3-Week Highs After China Stimulus; EIA Expected To Announce Bullish Crude Oil Inventory Drawdown In Today’s Status Report; Gas Demand To Fall Today As Cooler Conditions Expand Across The South, But Storage Surplus Still Expected To Fall Below +200 BCF In The Next 72 Hours
Tuesday, September 24, 2024
Natural Gas Soars To 3-Month Highs On Tight Imbalances & Hurricane Helen Threat; Celsius Oil & Gas Portfolio Rises To Its Largest Year-To-Date Gain; Near-Term Gas Prices Still Undervalued, But Spread Versus Fair Price Narrows Sharply; Gas Demand To Hold Flat Today As Southeast & West Heat Coupled With Tight Supply/Demand Imbalances Combine To Drive Bullish Daily Storage Injection
Monday, September 23, 2024
Natural Gas Rallies To 10-Week Highs As Investors Focus On Soft Production, Tight Imbalances, & Falling Surpluses; Prices Could Face Near-Term Resistance As Hurricane Helene Eyes Gulf Coast & Peak Shoulder Season Temperature Outlook Moderates; Gas Demand To Edge Higher Today Even As Temperatures Cool Across the Ohio Valley And Texas
Friday, September 20, 2024
Natural Gas Rallies After Bullish EIA Storage Print; 5-Year Minimum Seasonal Injection Likely To Widen Lead In Weeks Ahead; Tropical Activity Could Pressure Gas Prices Over The Next Week; Gas Demand To Reach Near-Term Peak Today As Heatwave Reaches Maximum Extent Across The Heartland; Bullish Storage Injections Expected Each Of The Next 2 Weeks
Thursday, September 19, 2024
Natural Gas Fades For Second Straight Session As Investors Look Past The Bullish Present To A More Bearish Future—But Are They Too Pessimistic? Oil Prices Fall After Status Report Fails To Impress; EIA Projected To Announce Bullish +58 BCF Injection In First Shoulder Season Storage Report Today; Gas Demand To Rise Today As Impressive Late-Season Heatwave Intensifies Across The Central US
Wednesday, September 18, 2024
Natural Gas Pulls Back On Profit-Taking, Moderating Temperature Outlook, And Production & LNG Export Concerns; Oil Prices Rise Ahead Of Federal Reserve Rate Cut Decision; EIA Expected To Announce Neutral To Bearish Status Report Today; Gas Demand To Rise Slightly As Deep South Temperatures Warm; Storage Surplus Versus The 5-Year Average Projected To Fall Below +250 BCF Tonight
Tuesday, September 17, 2024
Natural Gas Rallies As Investors Cheer Temperature Outlook & Fundamentals; One Eye On Current Tight Supply/Demand Imbalances, One Eye On Matterhorn; UNG To Complete Monthly Rollover Today; Gas Demand To Edge Higher Today As Temperatures Remain Hot Across The Heartland & Northern Tier
Monday, September 16, 2024
Natural Gas Pulls Back On Friday To Wrap Up The Week But Fundamentals Remain Solid Thanks To Hot September Temperature Outlook & Tight Supply/Demand Imbalances; Keep An Eye On Producer Discipline & Matterhorn Pipeline This Fall; Gas Demand To Edge Higher Today As Central US & Northern Tier Remain Unseasonably Warm Even As Tropical System Eyes Mid-Atlantic; Storage Surplus Versus The 5-Year Average On Track To Fall Below +200 BCF This Month
Friday, September 13, 2024
Natural Gas Rises For Third Straight Session To 2-Month High After Another Better-Than-Expected EIA Storage Injection; There Are Headwinds, But The Path Of Least Resistance Remains Upwards; Gas Demand To Rise This Weekend Into Next Week As Late-Season Heat Builds; Storage Surplus Versus The 5-Year Average Could Fall To +200 BCF By The End Of September
Thursday, September 12, 2024
Natural Gas Rallies For Second Session After Francine Misses LNG Export Facilities, Gulf Production Drops, & Temperature Outlook Stays Hot; Oil Prices Bounce After Investors Look Past Bearish EIA Status Report; EIA Projected To Announce Bullish +49 BCF Injection In Today’s Natural gas Storage Injection; Gas Demand To Hold Steady Today As Cool South & Hot Plains & Northern Tier Offset
Wednesday, September 11, 2024
Whiplash: Natural Gas Rallies After Hurricane Francine Track Shifts Eastwards; LNG Feedgas Demand Drops, But Not That Much; Oil Prices Plunge To 1+ Year Lows On Demand Outlook; EIA Expected To Announce Bullish Crude Oil Inventory Drawdown As Inventories Approach 1-Year Lows Themselves; Gas Demand To Edge Higher Today On Hot Midwest, Even As Francine Keeps Deep South Cool
Tuesday, September 10, 2024
Natural Gas Prices Tumble On LNG Export Shut-Down Fears As Francine Approaches Even As Fundamentals Remain Solid; Gas Demand To Rise Slightly Today As Above-Average Temperatures Return To The Midwest; Storage Surplus Versus The 5-Year Average Projected To Near +300 BCF Tonight
Monday, September 9, 2024
Natural Gas Stages 2-Session Rally To Finish The Week Strong But Look For Prices To Gap Lower Today as Francine Threatens The Gulf Coast And LNG Exports; Late-Season Heat To Support Poweburn Through Mid-September; Gas Demand To Edge Higher Today As Heat Begins To Build Across Central US; Storage Surplus Versus The 5-Year Average On Track To Drop Below +250 BCF By The End Of The Month
Friday, September 6, 2024
Natural Gas Rallies After Better-Than-Expected EIA Storage Report; East Region Flips To A Year-Over-Year Deficit; Projected Season-Ending Storage Maximum Drops; Upside Potential This Fall To Hinge On E&P Production Discipline; Gas Demand To Fall Today As Midwest Cools; Storage Surplus Versus The 5-Year Average Set To Fall Below The 5-Year Average Next Week As Temperatures Trend Warmer
Thursday, September 5, 2024
Natural Gas & Oil Prices Both Fall As Energy Sector Remains Under Pressure; EIA Projected To Announce Bullish -27 BCF Natural Storage Withdrawal & -7.4 MMbbl Crude Drawdown In Pair Of EIA Storage Reports Today; Gas Demand To Rise Slightly Today As West Coast Heatwave Peaks & Midwest Temporarily Warms
Wednesday, September 4, 2024
Natural Gas Reverses To Finish Solidly Higher Tuesday On Lower Production, Hotter Temperature Outlook, & Diminishing Tropical Threat; Gas Demand To Edge Higher Today As West Coast Heatwave & Warmer Heartland Support Powerburn; Inventories On Track To Top 3400 BCF By This Afternoon
Tuesday, September 3, 2024
Natural Gas Undervalued, But Faces Headwinds From Uninspiring Shoulder Season Temperature Outlook Even As Supply/Demand Imbalances Remain Tight; Near-Term Contango An Enemy Of ETF Holders But Long-Term Bullish Prospects Grow; Gas Demand To Fall Today As Unseasonably Chilly Temperatures Expected Across Texas & Mid-Atlantic But Tight Temperature-Adjusted Supply/Demand Imbalances Support A Slightly Bullish Injection
Friday, August 30, 2024
Natural Gas Records Second Straight Gain After Bullish EIA Storage Report Despite Drop In LNG Exports & Cooler September Temperature Outlook; Natural Gas Undervalued, But Know What You’re Buying If You’re Trying To Capitalize In The Near-Term; Gas Demand To Fall Today As Cooler Temperatures Expand Across The Mid-Atlantic & Heartland; Marginally Bullish Storage Injections Expected For Each Of The Next Two Weeks
Thursday, August 29, 2024
Natural Gas Snaps Six-Session Losing Streak On Dip Buying As September Contract Expires; Oil Prices Fall After Bearish Petroleum Status Report; EIA Projected To Announce Neutral +42 BCF Natural Gas Storage Injection In Today’s Report; Gas Demand To Fall Today As Northeast Cools Sharply, But Bullish Injection Still Expected Courtesy Of Lingering Ohio Valley And Southeast Heat
Wednesday, August 28, 2024
Natural Gas Slides For Sixth Straight Session As Shoulder Season Demand Prospects Weigh On Sentiment; September Contract To Expire Today; Oil Prices Drop On Profit-Taking After 3-Session Rally; EIA Expected To Announce Bearish Crude Oil Drawdown In Today’s Status Report, But Inventories Still Poised To Fall To 7-Month Lows; Gas Demand To Peak Near-Term Today as Heatwave Shifts Into Mid-Atlantic
Tuesday, August 27, 2024
Natural Gas Prices Drop For Fifth Straight Session, Eyes Sixth, As Early-September Temperature Outlook Trends Cooler Even As Supply/Demand Imbalances Tighten & Undervaluations Widen; A Major Bounce Is Coming, But Don’t Try To Time It; Gas Demand To Rise Today As Heatwave Bakes The Midwest
Monday, August 26, 2024
Natural Gas Prices Slump Towards 3-Week Lows In The Wake Of Disappointing EIA Storage Report & Early Shoulder Season Temperature Outlook; Soft Production Levels Keep Supply/Demand Imbalances Tight; Fundamental Undervaluations At 1-Year Highs But A V-Shaped Recovery Might Still Not Be Imminent As Sector Heals; Gas Demand To Rise Today As Late-Summer Heat Expands Across The Central US
Friday, August 23, 2024
Natural Gas Stumble Towards $2/MMBTU After Disappointing EIA Storage Injection; Fundamental Undervaluations Widen, But the Cure For Low Prices Is Low Prices; Gas Demand To Rise Slightly Today As Warming Trend Begins, But Then Accelerate Into Early Next Week As Widespread Late-Summer Heat Grips The Central US
Thursday, August 22, 2024
Oil Prices Slump On Employment Data Revision Despite Crude Oil Inventories Falling To 7-Month Lows In Bullish Petroleum Status Report; Gas Prices Inch Lower In Another Listless Session; EIA Projected To Announce Marginally Bullish +31 BCF injection In Today’s Storage Report; Gas Demand To Bottom Today With Bearish Daily Injection Before Builds Fall Through The Weekend As Late-Summer Heat Returns
Wednesday, August 21, 2024
Natural Gas Dips, ETFs Outperform, In Forgettable Session; Oil Prices Fall to 2-Week Lows On Middle East Peace Talks & Chinese Economic Concerns; EIA Expected To Release Bearish Petroleum Status Report Today; Gas Demand To Fall Today As Unseasonably Cool Temperatures Expand Across The East & South; Demand To Bottom Tomorrow Before Sustained Warm-Up Begins
Tuesday, August 20, 2024
Natural Gas Prices Surge To 1-Month High On Dip-Buying, Above-Average Temperature Outlook, & Soft Production; Front-Month Contract Remains Sharply Undervalued But Steep Contango Could Limit ETF Gains; Gas Demand To Fall Today As East & Deep South Cool
Monday, August 19, 2024
Natural Gas Prices Wither To End The Week At 10-Day Lows Despite Historic EIA Storage Withdrawal; Cool Week On Tap But Late-Season Heat Likely To Build This Weekend Into Early September; Fundamental Undervaluations Approach 2024 Highs; Gas Demand To Edge Marginally Higher Today
Friday, August 16, 2024
Sell The News: Natural Gas Reverses Lower Despite Historic Weekly Storage Withdrawal As Dip-Buyers Step In; To-Date Storage Injection Now At 5-Year Low While Projected Seasonal Peak Drops Below 3900 BCF; UNG Rolls; Gas Demand To Rise Today As Summer Heat Expands East Of The Rockies; Slightly Bullish Storage Injections Expected Each Of The Next Two Weeks
Thursday, August 15, 2024
Natural Gas Prices Rise Ahead Of Today’s EIA Storage Report; Is A Weekly Withdrawal Possible? Near-Term Gas Prices Remain Undervalued, But Winter Contracts Not So Much; Oil Retreats After Surprise EIA Crude Oil Build; Natural Gas Demand To Rise Slightly Today As Central US Heats Up
Wednesday, August 14, 2024
Natural Gas Snaps Winning Streak Amidst Growing Divergence In Near Temperature Outlook; Production To Play Increasing Roll In Sentiment As Fall Shoulder Season Approaches; EIA Expected To Announce Bullish Crude Oil Inventory Drawdown In Today’s Petroleum Status Report; Gas Demand To Rise Today As Heat Builds Across Central US
Tuesday, August 13, 2024
Natural Gas Extends Winning Streak To Five Sessions, But Prices May Be Poised For A Breather (For Now); Production Holds Under 102 BCF/Day & Mid-August Temperature Outlook Continues To Look Hot; I Remain Long & Strong; Gas Demand To Edge Higher Today As Deep South Heat Slowly Erodes Heartland Chill
Monday, August 12, 2024
Natural Gas Prices Rally For Fourth Straight Session Friday On Production Weakness & Hotter Mid-August Temperature Outlook—And Are Looking For More As Fundamental Undervaluation Persists; Gas Demand To Edge Higher Today As Heat Begins To Re-Build Across The Deep South
Friday, August 9, 2024
Natural Gas Prices Rally For Third Session After Another Better-Than-Expected EIA Storage Report & Continued Soft Production; Storage Surplus Now Below +400 BCF; Gas Prices Remain Undervalued Despite Recent Gains; Gas Demand To Fall Over The Weekend Before Ramping Back Up Next Week As Central US Heats Back Up
Thursday, August 8, 2024
Natural Gas Rallies Sharply For Second Session On Drop In Production; 2X Natural Gas ETFs Begin Bimonthly Rollover Into Steep Contango; EIA Projected To Announce Neutral +29 BCF Injection In Today’s Storage Report; Gas Demand To Dip Slightly Today As East Coast & Upper Midwest Cool, But Blistering Deep South Ensures Another Below-Average Daily Storage Withdrawal
Wednesday, August 7, 2024
Natural Gas & Oil Prices Both Bounce As Global Markets Rally & Dip Buyers Search For Value; Powerburn A Consistent, Key Driver To Demand; EIA Expected To Announce Bullish Crude Oil Inventory Build But Bearish Refined Product Builds In Today’s Petroleum Status Report; Gas Demand To Fall As Debby Spreads Rain & Cool Temperatures Across The East, But Hot South To Drive Another Bullish Daily Storage Injection
Tuesday, August 6, 2024
Natural Gas Drops For Fourth Straight Session—But It Could Have Been Worse; Gas Prices Just Waiting For A Catalyst As Undervaluation Grows; Natural Gas Demand To Fall Today As Cooler Temperatures Expand Across The East & Upper Midwest, But Continued Heat Across The South Will Drive Another Bullish Daily Storage Withdrawal; Storage Surplus To (Finally) Drop Below +400 BCF Next Week
Monday, August 5, 2024
Natural Gas Finishes Another Negative Week On A Flat Note; Modest Near-Term Weakness Still Possible As Global Markets Swoon, But Building Bullish Catalysts Setting The Stage For A Big Reversal Soon; Gas Demand To Rise Today As Temperatures Heat Up Across The East; Hurricane Debby Makes Landfall In North Florida
Friday, August 2, 2024
Unjustified: Natural Gas Sells Off, Closes Under $2/MMBTU, Despite Better-Than-Expected EIA Storage Report; Bears Eyeing Tropics, Production, Mid-August Temperature Outlook Even As Undervaluations Reach 2024 Highs; Gas Demand To Edge Higher Today As Heatwave Peaks In Intensity; Elevated Demand Expected Through Next Week As Deep South Remains Hot
Thursday, August 1, 2024
Natural Gas Erases Tuesday’s Gains As Investors Eye Mid-August Temperature Outlook, Robust Supply, & Storage Surplus; WTI Sees Its Best Day Since October 2023 After EIA Status Report & Escalating Middle East Tensions; EIA Projected To Announce Slightly Bearish +35 BCF Storage Injection In Today’s Report; Gas Demand To Rise Today As Heat Builds Across The East With Tiny Injection Expected
Wednesday, July 31, 2024
Natural Gas Prices Bounce On Chesapeake Energy Production Guidance & Hot Temperatures; Crude Oil Slides To 7-Week Lows On Chinese Demand Concerns Despite Middle East Escalation; EIA Expected To Announce Slightly Bearish Crude Oil Inventory Drawdown In Today’s Status Report; Gas Demand To Rise Today As Heat Expands Eastward
Tuesday, July 30, 2024
August 2024 Natural Gas Expires With A Thud, But Later Futures Contracts Flat As Investors Eye Hot Temperatures & Higher Exports Versus Robust Production; September 2024 Gas Contract To Open Its Reign At A Steep Undervaluation; Gas Demand To Rise Today As Heat Builds Across The Central US; Record Powerburn & Daily Storage Withdrawals Still Possible Later This Week, But Investors Eying Potential Mid-August Cooldown
Monday, July 29, 2024
Natural Gas Falls For Fourth Straight Session, Toys With $2/MMBTU; Relief Rally Possible To Start The Week As LNG Exports Rise & Temperatures Warm, But Robust Production Will Continue To Loom As A Threat To Any Rally; Gas Demand To Rebound Today As Heat Builds Across The Heartland; Small Daily Withdrawals Possible By The End Of The Week
Friday, July 26, 2024
Natural Gas Tumbles After EIA Storage Miss & Amidst Continued Supply Concerns, Even As LNG Exports Recovery & Summer Heat Beckons; Fundamental Undervaluations Widen As Commodity Approaches Price Floor; Gas Demand To Fall To Near-Term Lows This Weekend Before Sustained Heat Ramps Up Early Next Week
Thursday, July 25, 2024
Gas Prices (Unfairly) Punished After EQT Production Guidance & LNG Export Speedbump; Weak Wind Generation Drives Bullish Powerburn & Downward Revision In Projected Injections; EIA Projected To Announce Modestly Bullish +19 BCF Injection In Today’s Storage Report; Oil Prices Rise After Bullish EIA Petroleum Status Report; Gas Demand To Hold Steady Today As Cool Temperatures Dominate East Of Mississippi River
Wednesday, July 24, 2024
Natural Gas Pulls Back…And Then Pulls Back Again Overnight After EQT Production Guidance; Production Still A Headwind, But LNG Exports, Temperature Outlook, & Fair Price Data All Pivoting Back Towards The Bulls; Oil Prices Drop To 6-Week Lows On Ceasefire Talks & Chinese Demand Fears; EIA Expected To Announce Bullish Crude Oil Inventory Drawdown Today; Gas Demand To Hold Flat As Cool Conditions Persist Across The Heartland
Tuesday, July 23, 2024
Natural Gas Surges On Prospective Late July & Early August Heat & On LNG Export Demand Recovery; Rally Eliminates Front-Month Undervaluation Versus Fair Price; Gas Demand To Edge Higher Today As Eastern Seaboard Temporarily Warms
Monday, July 22, 2024
Natural Gas Finishes Flat On Friday, But Records Big Weekly Loss On Cool Near-Term Temperature Outlook; Sluggish LNG Export Recovery, & Robust Production; Speculative Bearish Positions Jump; Watch Out For Bearish Catalysts To Flip To Bullish; Gas Demand To Rise Slightly Today, But Will Remain Generally Soft Through This Weekend Before The Heat Returns Next Week
Friday, July 19, 2024
Natural Gas Prices Rally After Historic EIA Storage Injection In Session That Could Re-Calibrate Sentiment; UNG Completes Monthly Rollover; Gas Demand To Bottom In The Next 1-2 Days As Below-Average Temperatures Reach Their Maximum Extend Before Slow Moderation Begins Next Week
Thursday, July 18, 2024
Bloodbath: Natural Gas Prices Race Towards $2/MMBTU On Cooler-For-Longer Temperature Forecast & Continued Weak LNG Exports; Oil Prices Rise After Big Crude Drawdown Despite Bearish Refined Product Builds; EIA Projected To Announce Bullish +26 BCF Injection In Today’s Storage Report; Gas Demand To Fall Sharply Again Today As Below-Average Temperatures Expand South & Eastward
Wednesday, July 17, 2024
Natural Gas Rises Slightly In Uninspiring Rally As Headwinds Persist; Oil Prices Drop Ahead Of Today’s Petroleum Status Report; EIA Expected To Announce Bullish Crude Oil Drawdown But Bearish Refined Product Builds; Gas Demand To Fall Today As Much Cooler Temperatures Sweep South And Eastward, Ending The Heatwave For Many
Tuesday, July 16, 2024
Natural Gas Tumbles To 10-Week Low As Near-Term Temperature Outlook Disappoints; UNG Begins Rollover; Front-Month Prices Now Undervalued By Fair Price Analysis; Gas Demand Poised To Hold Nearly Steady Today As East & South Bake Under Heatwave & Freeport Shows Some Signs Of Recovery
Monday, July 15, 2024
Natural Gas Rallies On Friday, But Faces Multiple Bearish Catalysts To Start The New Week As Production Remains Strong, Freeport Is (Still) Down, & Near-Term Temperature Outlook Trends Cooler; Gas Demand To Rise Sharply Today As Heatwave Bakes The Central & Eastern US Before Pattern Shift Arrives This Weekend
Friday, July 12, 2024
Natural Gas Stumbles Again After Larger-Than-Expected EIA Storage Injection; Natural Gas Now Hit From Supply, Demand, AND Storage Perspectives As Sentiment Approaches Max Bearish—Is It Time To Buy?; Gas Demand To Rise Slightly Today As Heat Builds Across The Great Plains; Heatwave Next Week To Be Followed By Pattern Shift & Cooler Temperatures
Thursday, July 11, 2024
Natural Gas Again Gives Up Early Gains On Prolonged Freeport Shutdown, Mid-July Cooldown, & Higher Production, Even As Powerburn Sets New Records; Oil Prices Rise After Modestly Bullish EIA Petroleum Status Report; EIA Projected To Announce Neutral +57 BCF Injection In Today’s Natural Gas Storage Report
Wednesday, July 10, 2024
Natural Gas Fails To Hold Early Gains After Mid-July Temperature Outlook Trends Cooler; Freeport LNG Export Facility Remains Offline As Texas Power Outages Persist; Powerburn Sets New Record; Oil Falls After Gulf Impacts Less Than Feared; EIA Expected To Announce Another Bullish Petroleum Status Report Today; Gas Demand To Hold Nearly Steady Today As Eastern & Western Heatwaves Continue
Tuesday, July 9, 2024
The Streak Is Over: Natural Gas Relief Rallies For First Gain Since Late June After Category 1 Beryl Makes Landfall; Higher Supply Still A Bearish Catalyst, Hot Weather Still A Bullish Catalyst; Gas Demand To Edge Higher Today as Texas Begins Warm-Up In Beryl’s Wake While Heat Waves Dominate East & West
Monday, July 8, 2024
Natural Gas Slumps On Friday To Push Losing Streak To 8 Sessions & 1-Month Pullback To Over 25%; Baker Hughes Rig Count Rises By 4 While Hurricane Beryl Targets Gulf LNG Exports, But Near-Term Temperature Outlook Remains Favorable; Natural Gas Summer Contracts Now Fairly-Valued Or Undervalued
Friday, July 5, 2024
Natural Gas Extends Losing Streak To Seven Sessions After Uninspiring EIA Storage Injection—And Is Looking For Eight; Gas Prices Now Fair Valued To Slightly Undervalued Per Fair Price Data; Gas Demand To Dip Slightly Today As Cooler Conditions Expand South; Marginally Bullish Storage Injections Projected For Each Of The Next Two Weeks As Surplus Slowly Contracts
Wednesday, July 3, 2024
Natural Gas Falls For A Fifth Straight Session On Supply & Demand Concerns, But Prices Are Quickly Nearing Their Price Floor; EIA Projected To Announce Bullish +33 BCF Injection In Today’s Early Storage Report; Gas Demand To Rise Today As Heat Returns To The Ohio Valley
Tuesday, July 2, 2024
Natural Gas Prices Extend Losing Streak To Four Sessions On Bad News From Both The Supply And Demand Sides; Shrinking Overvaluation Likely To Limit Further Losses Making Dip-Buying Increasingly Attractive; Gas Demand To Rise Today As Temperatures East Of The Rockies & Along The West Coast Warm
Monday, July 1, 2024
Natural Gas Extends Slide As Production Gains Continue To Outweigh Bullish Demand Outlook; Hurricane Beryl Now Strongest June Storm On Record, But Threat To US & Gulf Of Mexico Gas Infrastructure Diminishes; Fundamentals Overvaluations Also Diminishing; Neutral Gas Demand To Hold Steady Today Before Rebounding Later This Week As Hotter Conditions Return To The Eastern Seaboard
Friday, June 28, 2024
Natural Gas Falls Despite Bullish EIA Storage Report & Favorable Temperature Outlook Thanks To Persistent Production Concerns; Natural Gas Overvaluations Now At Their Lowest In 7 Weeks; Gas Demand To Dip This Weekend On Cooler Heartland Temperatures Before Rising Next Week As The Heat Returns
Thursday, June 27, 2024
July Contract Expires At 3-Week Lows As Rising Mountain Valley Pipeline Production Receipts & Lower LNG Exports Trump Hot Temperature Outlook; Overvaluations Continue To Shrink; EIA Projected To Announce Bullish +53 BCF Injection In Today’s Storage Report; Gas Demand To Fall Sharply By Summer Stands Today As Much Cooler Temperatures Arrive Across The East—But It Won’t Last
Wednesday, June 26, 2024
Natural Gas Pulls Back After Fickle Investor Sentiment Pivots From Bullish Temperature Outlook To Rising Supply; Oil Prices Dip Ahead Of Expected Bearish Crude Oil Inventory Build In Today’s Petroleum Status Report; Gas Demand To Fall Today As Great Lakes & Midwest Cool, But Hot South Means Another Bullish Inventory Build Is Still Likely
Tuesday, June 25, 2024
Natural Gas Rallies As Investor Focus Pivots From Rebounding Production To Hotter-For-Longer Temperature Outlook; Storage Surplus Versus The 5-Year Average To Fall Sub-500 BCF In June & Sub-400 BCF In July, But Prices Are Still Overvalued; Gas Demand To Peak Today For The Next Week As Heat Expands Eastward
Monday, June 24, 2024
Natural Gas Drops After In-Line EIA Storage Injection To Record Second Straight Weekly Decline; Prices Pressured By Lingering Overvaluation & Higher Production But Will Be Supported By A Consistently Favorable Near-Term Temperature Outlook; Gas Demand To Inch Higher Today As Heat Retreats Across The Northeast But Intensifies Across The Heartland
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