The EIA reported the first withdraw of the season of -134 Bcf which was much higher than the predicted -113 Bcf.  Last year’s withdraw was -42 Bcf and the 5-year average is -25 Bcf.  Today’s withdraw widened the storage deficit by 3%.  Storage stands at 3.113 Tcf which is 17% below last years total and…

SummerRR

Monday Musings ……   We saw the Nymex prompt month climb over $.30 last week due to record setting storage withdraws, market constraints and weather models coming in colder for February.  So, if you are in a market that has an inverse relationship with the Nymex, now’s the time to look at your basis market.  …

SummerRR

Platt’s put out a good infographic on the potential bull market for 2017.  Factors that could change these predictions: Donald Trump coming into office – Trump is very pro oil & gas, which could lead to more supply coming into the market LNG – Exporting LNG will increase in 2017, but how much it will…

SummerRR