Into The Vortex – Natural Gas Outlook with Droughts and Hurricanes

Last week the EIA reported a higher-than-expected build of 44 Bcf of working gas in storage. Salt Dome Cavern stocks -2 Bcf from unchanged last week. Weather extremes at this time of year become prevalent, we have drought conditions in the UK and France, a dry River Rhine in Germany and in the U.S., August brings hurricane season to our attention. The third month of the hurricane season began on Aug. 1, with the Atlantic basin without any tropical activity … Continue reading “Into The Vortex – Natural Gas Outlook with Droughts and Hurricanes”

Into The Vortex – EIA Reports Natural Gas Storage Grew 44 Bcf Heading into Key Hurricane Season

The EIA reported a higher-than-expected build of 44 Bcf of working gas in storage. Salt Dome Cavern stocks -2 Bcf from unchanged last week. August brings hurricane season to our attention as we monitor risk. The third month of the hurricane season began on Aug. 1, with the Atlantic basin without any tropical activity at all since just prior to the Fourth of July holiday. However, we now near the heart of hurricane season. For natural gas the big what … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Grew 44 Bcf Heading into Key Hurricane Season”

Into The Vortex – EIA Reports Natural Gas Storage Rose Larger Than Expected 41 Bcf

The EIA reported a higher-than-expected build of 41 Bcf of working gas in storage. Natural gas prices sold off after being sharply higher ahead of the latest EIA storage report after the prospect of an October return to full service for the 2.0 Bcf/d Freeport LNG terminal was announced the day before.  Salt Dome Cavern stocks unchanged from -11 Bcf last week. Natural gas prices have been held hostage to the restricted flow of Nord Stream from Russia and the … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Rose Larger Than Expected 41 Bcf”

Into The Vortex – EIA Reported US Natural Gas Storage Grew 15 Bcf as Cooling Demand Rises

The EIA reported a lower-than-expected build of 15 Bcf of working gas in storage. Salt Dome Cavern stocks drew -11 Bcf from -15 last week. Natural gas prices have been held hostage to the restricted flow of Nord Stream from Russia and the hot weather sweeping the USA. The report saw natural gas futures consolidate around 8.50 after trading over 9.50 this week. Domestically scorching summer US temperatures overcame assumptions on Freeport LNG. Prices are also reacting to tightening European … Continue reading “Into The Vortex – EIA Reported US Natural Gas Storage Grew 15 Bcf as Cooling Demand Rises”

Into The Vortex – EIA Reports a Lower Natural Gas Build of 32Bcf with Scorching Summer Draws

In the US the EIA reported a lower-than-expected build of 32 Bcf of working gas in storage. The report sent natural gas futures sharply higher as they continue to recover after being sold off on the Freeport LNG explosion. Domestically scorching summer US temperatures overcame assumptions on Freeport LNG. Prices are also reacting to tightening European supplies on unplanned outages and Russian planning to halt supplies. These conditions are expected to persist through to upside risk with current weather patterning. … Continue reading “Into The Vortex – EIA Reports a Lower Natural Gas Build of 32Bcf with Scorching Summer Draws”

Into The Vortex – EIA Reports Natural Gas Build of 58Bcf with Scorching Temperatures and Humidity

US Natural gas futures reacted to scorching temperatures and humidity in the Southeast fueling robust cooling demand and seasonally warm temperatures permeating the northern third of the United States. These conditions are expected to persist for essentially normal demand through to upside risk. In the US last week, the EIA reported a higher-than-expected build of 58 Bcf of working gas in storage seeing natural gas futures reverse higher after being sold off sharply off weakness since the Freeport LNG explosion. The … Continue reading “Into The Vortex – EIA Reports Natural Gas Build of 58Bcf with Scorching Temperatures and Humidity”

World Natural Gas Production and Delivery the Modern Geopolitical Weapon

Access to secure natural gas production and delivery is a key determinate for European energy security as it moves aggressively to wean itself off Russian natural gas supplies. Russia has weaponized it’s energy exports. With the U.S. the world’s largest producer of natural gas American exports of liquefied natural gas are expected to remain strong for some time. EIA forecast in the June STEO that U.S. LNG exports will average 11.7 billion cubic feet per day (Bcf/d) during 2Q22 and … Continue reading “World Natural Gas Production and Delivery the Modern Geopolitical Weapon”

Into The Vortex – EIA Reports Natural Gas Storage Lower Than Expected Build of 60 Bcf

In the US last week, the EIA reported a lower-than-expected build of 60 Bcf of working gas in storage seeing natural gas futures reverse higher after being sold off sharply off weakness since the Freeport LNG explosion. Attention turning to heat and Hurricanes. LNG is capped by how much you can ship, hence the Freeport impact. With Germany the epicenter of Russian gas bans the real threat of demand destruction is plain for all to see. Germany’s trade balance came in … Continue reading “Into The Vortex – EIA Reports Natural Gas Storage Lower Than Expected Build of 60 Bcf”

Energy Crisis Pushes German Gas Giant Uniper SE To Seek 9 Billion Euro Bailout

Germany is being rocked by the Energy crisis and its reliance on cheap Russian gas. Since Russia’s invasion of Ukraine, the Germans vulnerability has been exposed and it is a disaster. German gas giant Uniper SE is in talks with the government over a potential bailout package of as much as 9 billion euros Bloomberg reports. Analysts estimate that curbed Russian flows are costing Uniper 30 million euros a day. We see it in trade, Germany’s trade balance came in at minus €1bn in … Continue reading “Energy Crisis Pushes German Gas Giant Uniper SE To Seek 9 Billion Euro Bailout”

Into The Vortex – Natural Gas Storage Builds Larger Than Expected 82 Bcf on Freeport LNG Shut Down

The EIA reported a higher-than-expected build of 82 Bcf of working gas in storage last week. Natural gas futures sold off sharply off the report adding to the weakness since the Freeport LNG explosion, futures broke the support around $6 Btu as attention turns to heat and Hurricanes. Germany continues to be at the epicenter of Russian gas bans, LNG is capped by how much you can ship, hence the Freeport impact. The needs to assess to clarify the implications … Continue reading “Into The Vortex – Natural Gas Storage Builds Larger Than Expected 82 Bcf on Freeport LNG Shut Down”