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The US has been gaining LNG export share after Australia and Qatar with Houston based Cheniere Energy the leading American exporter from Sabine. We monitor price, weather, political affects affecting US liquid natural gas and for global demand. 

U.S. oil rigs in service fell 8 this week, 11 off cycle high as U.S.oil production held at the all time high 11.70 million bpd. US Natural gas rigs were unchanged Oil rigs rose 5 in Canada. Bottlenecks remain in the Midland Texas area.

Federal Reserve Chairman Jerome Powell spoke in a moderated roundtable discussion at the American Economics Association meeting in Atlanta with predecessors Janet Yellen and Ben Bernanke in a decidely more dovish rhetoric and risk aware tone.

EIA reported a small build in crude oil with huge builds in gasoline and distillates. Cushing inventories showed a build.  Production at 11.7 mbpd ATH. Crude oil futures volatilty continued with market uncertainty with OPEC & Trade War concerns.

The EIA reported a draw of - 20 Bcf in natural gas storage last week. Inventories are expected to peak this year at 3.24 Tcf: 14% below the 5-year average, the lowest level in at least a decade. Meanwhile Mexican exports near record high as we watch LNG shipments.  

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