December 13, 2017

During a period of cold weather that is strangling the eastern half of the country, natural gas prices have gone down as production (supply) continues its record-breaking pace. The market is also digesting updated weather models that indicate the cold snap is turning to more normal temperatures in the latest 10-15 day outlooks. As it stands, the market se...

November 27, 2017

Up until the Thanksgiving holiday energy markets seem to be supported by lower natural gas storage levels (which continued its trend last week with another larger than expected draw) and short-term weather forecasts. On Friday, those short-term weather forecasts updated with above normal weather for the majority of the US over the next two weeks (next 14...

November 16, 2017

The market continues to be puzzled over mixed weather signals. Following last week's impressive gains, the market has pulled back this week as bearish risks are showing up in one of the major weather models for late November, calling for lighter than normal national demand. Right now, this is a short term driven market. Volatility will persist until there...

November 6, 2017

Energies are trading higher - led by crude oil - as a wave of arrests of Saudi princes, ministers and key businessmen over the weekend has roiled markets - the arrests are part of a crackdown on corruption in Saudi Arabia led by the Crown Prince who ascended to that title 5 months ago (WSJ). Also, Yemeni rebels launched a rocket attack on Riyadh - the mis...

October 27, 2017

Though near term weather forecasts have been trending cooler, current models indicate less Heating Degree Days for the Oct/Nov period than the 30-year normal, providing little momentum to push prices above resistance at $3.00.  LNG exports have been steady at ~3.0 Bcf/d over the last week, with the fourth train at Sabine Pass now online.  (Direct Energy)...

October 19, 2017

Monday, Mexican officials announced that they had completed their 2018 oil hedge program - guaranteeing a floor price of $46/bbl (Reuters). This is the largest oil hedge on record.

 This week the EIA forecast that US shale oil output would grow in November for the 11th straight month - output is set to rise by 82,000 bpd to 6.12 mln bpd (Reuters)

Monday the...

October 12, 2017

The IEA today said that global oil supply rose by 90,000 bpd  in September and demand growth slowed mostly due to the outages in the U S caused by the hurricanes


The EIA yesterday -in its Short Term Outlook- forecast U S oil supply in 2018 to be 9,92 mln bpd--up from previous 9.84 mln bpd forecast (Bloomberg)

The EIA yesterday said consumers will see a...

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