After Event-Driven Volatility, Shoulder Season Demand Means Gas Prices Resumed Their Fall
Natural gas prices resumed their downward run during a wild week across markets. Weather-related volatility seems to be subsiding...
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Near Term v. Long Term, Asia v. The West
The EIA released its January Short Term Energy Outlook (“STEO”) last week, & in it, they updated their forecast liquids consumption to 100.9
What are Options?
Option values are driven by an underlying security or index. As such, Options are available for trading in most asset classes
Natural Gas Still Looks Soft in the Near Term
Winter gas continues to trade at a substantial premium to summer, despite a ~12% tightening of contango so far this week.
Drastically Different End-of-Season Natural Gas Positions in South vs. West
The message of lower prices, infrastructure constraints, wide basis, and a curve that is persistently in contango seems to be getting...
Softening Spreads Still Wide Enough to Drive Trade as Market Shifts Focus to Gasoline
The EIA reported a monstrously wide build in commercial crude stocks for the second time in 2023...
How to Communicate to a Board Regarding Hedging Risk with Derivatives?
What messaging should be communicated to a board regarding hedging risk with derivatives?
Blue Lacy Advisors, LLC - Seasonal Factors Abound
Technical factors seemed to dominate the market in recent weeks. Since setting a post-war low close of $76.10, prompt Brent has inched...
Canadian Rig Activity Jumps, US Refineries Underutilized, Cracks Tighten
Another major outlet released updated monthly data last week – Baker Hughes (“BH”) published its monthly estimate of worldwide...
Blue Lacy Advisors, LLC - Reducing the Pace of Production
Through January 28, 2023, the cumulative deficit to Heating Degree Days (“HDD”) for the year reached 227, wider by 19 HDD on the week.
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