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.