Wrap – Week Ended 09/30/20



Another volatile week for the broad markets with the big indices down yet again. ZLT ended up 2% on the week after the previous week's drubbing. We're out of pocket again today but will be back in the office tomorrow as we prep for the 3Q reporting season which kicks off with Service names in the 3rd week of October.

Holdings Watch:

No changes last week.

The Blotter is Updated

Free Stuff Last Week: The Friday post. 

Quick notes from the table below:

  • Cracks remain strong
  • Note the big gap between Brent and WTI that's advanced over the last couple of weeks. Watch exports make new highs soon prior to SPR release coming to an end.
  • Natural gas storage remains on track for our 3.425 Tcf mid point.

Our OPEC+ Meeting Survey:

Questions under The Wrap will be addressed in the Monday post.

Questions about the site may be sent to zman@zmansenergybrain.com

Have a good weekend,



2 Responses to “Wrap – Week Ended 09/30/20”

  1. 1
    Bill Potter Says:

    Z, It looks like the U.S. is expecting warmer than average temperatures Oct-Dec. How accurate is this forecast?

    If this forecast proves accurate, where do you see natural gas pricing going to this winter?

    What happens to NG prices if this winter is much warmer than normal?


  2. 2
    zman Says:

    re 1 – will address in Monday post.

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