.

.

Market Sentiment Watch: All energy eyes focused on EIA inventories today OPEC and IEA Thursday and Friday. In today's post please find comments on the STEO (they actually cut forecast oil production), the oil inventory preview (consensus again expects benign readings but API was again bearish), the natural gas inventory preview (consensus is falling towards us), requested comments and a cheat sheet update for WLL (so beaten down), another look at the Bakken Players piece to go with WLL, and some other odds and ends. 

Ecodata Watch:

• We get CPI at 8:30 am EST (no forecast, last read was headline = 0.3%, core = 0.1%),
• We get the federal budget at 2 pm EST (no forecast, last read was -$147 B).

In Today’s Post:

1. Holdings Watch
2. Commodity Watc​h - with oil and natural gas inventory previews
3. Stuff We Care About Today - WLL, Bakken Players, PES
4. Odds & Ends

Click the link directly below this to ...  Continue Reading »

.

.

Market Sentiment Watch: Market eyes shift back from Mexico to China. Energy eyes remain fixed on the STEO today, oil inventories tomorrow, and the OPEC and IEA Monthlies (with IEA providing their first 2020 guess) later in the week. In today's post please find the Bakken Players update, the early read on oil inventories, comments on COG and PA taxes, and some other odds and ends. 

Ecodata Watch:

• The NFIB small business optimism index came in at 105.0 vs 102.0 consensus and 103.5 last month,
• We get PPI at 8:30 am EST (no forecast, last read was 0.1%),
• We should get the EIA STEO around 12 pm EST - we expect them to once again push production growth out into the future, reducing 1Q19 and perhaps 2Q19 volumes and then inflating their 2H19 forecast for Lower 48 oil production.  

In Today’s Post:

1. Holdings Watch 
2. Commodity Watch
3. Stuff We Care About Today – Bakken Players Update, COG 
4. Odds & Ends

Click the link directly below this to ...

Continue Reading »

.

.

Market Sentiment Watch: Mexico tariffs called off. Markets should breath a quick sigh of relief before returning to China concerns. Big week on the energy macro front as we get the EIA STEO, the IEA monthly (IEA's first look at 2020 supply and demand in the Monthly), and the OPEC Monthly (we have to wait until next month for their initial look at the 2020 figures). In today's post please find the Week That Was, comments on PES, and some other odds and ends. 

Ecodata Watch:

• No economic data release scheduled.

The Week Ahead: 

• Tuesday - NFIB small business, PPI, EIA STEO, 
• Wednesday - CPI, federal budget, 
• Thursday - Jobless claims, import price index, OPEC Monthly, 
• Friday - Retail sales, Industrial Production, capacity utilization, consumer sentiment, business inventories, IEA Monthly. 

In Today’s Post:

1. Holdings Watch
2. Commodity Watch
3. The Week That Was
4. Stuff We Care About Today – PES
5. Odds & Ends

Click the link directly below this to ...

Continue Reading »

.

.

The blotter is updated. 

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

.

.

.

Market Sentiment Watch: Mexico Tariffs, NFP, and a likely roll of OPEC+ cuts in focus. In today's post please find the the natural gas review (bigger than expected injection, storage remains 10% above last year's levels, 11% below the five year average; next week we again expect a smaller injection as generation picks up), a note on NGL prices, new weekly charts for natural gas supply and demand, a cheat sheet update for WPX, the Gassy Players update, and some other odds and ends. 

Ecodata Watch:

• We get Nonfarm Payrolls at 8:30 am EST (F = 185,000 (recall ADP was a major disappointment earlier this week at +27K) vs last month's 263,000),
• We get the unemployment rate at 8:30 am EST (F = 3.6%, last month was 3.6%),
• We get average hourly earnings at 8:30 am EST (F = 0.3%, last month was 0.2%).

In Today’s Post:

1. Holdings Watch
2. Commodity Watc​h - see weekly gas graphs
3. Natural Gas Inventory Review 
4. Stuff We Care About Today - WPX, Gassy Players update. 
5. Odds & Ends

Click the link directly below this to ...  Continue Reading »