Natural Gas Storage Report: Injection Season Through Week 8 (Week Ending May 22, 2015)

Phillip T. Golden
Director of Product and Risk Management

The injection report today showed a build of 112 BCF, a very bearish number as the market was expecting closer to a 100 BCF addition. As a result, the market is down significantly ($0.13/MMBtu on the prompt month as of 9:45 a.m. CST) To reach the storage levels projected by the EIA, we would need to average 78 BCF/week, which is slightly above historical averages. The combination of a new front month, a bearish storage report, and colder weather is creating a very good buying opportunity in the near term.

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Natural Gas Storage Report: Injection Season Through Week 7 (Week Ending May 15, 2015)

Phillip T. Golden
Director of Product and Risk Management

We saw a slightly bullish number, with the injection only being 92 BCF versus a market consensus of 95 BCF. With above average temperatures forecast along the East Coast, this miss to the low-side has resulted in a noticeable market movement, with the prompt contract up almost $0.08/MMBtu as of 10:00 a.m. CPT, at just under $3.00/MMBtu. To reach the storage levels projected by the EIA, we would need to average only 72 BCF/week, which is slightly below historical averages. This suggests that at this point the market may be slightly over-bought, but with the impending end of the June contract and the long holiday weekend, the market may take today’s bullish number and run.

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Natural Gas Storage Report: Injection Season Through Week 5 (Week Ending May 1, 2015)

Phillip T. Golden
Director of Product and Risk Management

We returned to slightly bearish injections season reports as the market has been expecting, with the EIA reporting a build of 76 BCF versus market expectations of 71. This bearish number has driven the prompt month down only $0.03/MMBtu, suggesting that the market may be questioning the impact of falling rig counts and decreased production. We would still need to average 77 BCF/week to get to the levels forecast by the EIA. The next 4 weeks tend to be the largest build weeks historically so the market may have a better sense of direction by the end of the month. EMEX maintains its guidance of $2.50 to $3.25 for the balance of the year.

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EMEX, LLC Forges a New Breed of Energy Risk Management Services

Todd Bennett
Director, Public and Private Sector

EMEX, LLC, takes client-centric approach which yields beneficial results for key American Industries.

HOUSTON, Texas, May 7, 2015 - EMEX, LLC, a leading consulting and energy risk management firm powered by the latest technology, has expanded its...

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