Matt Marshall | AEGIS Hedging Solutions, LLC

Metals

September 11, 2020

China’s Zinc Output at Five-Year High

Antaike's research says smelters returning from maintenance pushed output high, but they expected slightly more. Source article (opens in new tab): China's August zinc output hits record high in nearly…

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Blog Oil

September 8, 2020

Softness Among Saudi Oil Customers, Equities Are the Weight in Tuesday’s Prices

WTI decline of more than $3 led by Saudi Arabia’s shrinking official selling prices It’s a complicated day for oil, with multiple bearish factors stacking up over the long weekend.…

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Blog Natural Gas Oil Oil & Gas

September 4, 2020

Oil and Gas Production Could Grow in 2022 with Moderate Price Increase

Gas production could rebound if WTI reaches $50, but not right away. Both U.S. gas production and U.S. oil production could see little change in 2021 at current forward prices.…

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Blog Natural Gas

August 7, 2020

Haynesville/East Texas 2021 Basis May Improve

Unless production rises, next year's supply-demand balance should be at least as good as this year's. Haynesville and East Texas gas basis has moved higher – to a smaller discount…

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Blog Oil Popular

July 31, 2020

Midland Differentials Are Back to Normal, but Some Risk Remains

Our models predict a small premium to Cushing, but only if bottlenecks don’t emerge. After a shake-up this spring, Midland’s price differential to Cushing (Mid-Cush) is back to its pre-March…

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Blog Natural Gas Oil

July 31, 2020

Most of Bakken Oil Shut-ins Have Returned

Our analysis of gas pipeline flows shows oil production may be 1.3 MMBbl/d, up from 0.8 MMBbl/d Natural gas pipelines gather nominations data multiple times per day, and recent nominations…

Matt Marshall

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Blog Oil Rates

July 31, 2020

Warning: Weakening Dollar May Be Artificially Supporting Oil Prices

A soft USD often strengthens WTI, but not this time. The U.S. dollar (USD) has lost about 5% in value against a basket of other currencies, in July. The USDX…

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Blog Natural Gas

July 24, 2020

Revisiting the Storage Threat for Bal ’20

Gas storage may BARELY stay under capacity limits It’s not a certainty, but gas storage is on track to be near capacity limits, but not much over, for the end…

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Blog Natural Gas

July 24, 2020

Power and Gas Demand Have Returned

Recent days’ have been at or above those of 2019. Hot weather in the last two weeks sent electricity demand up near normal levels for this time of year, even…

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Blog Oil

July 16, 2020

OPEC+ Plans 1.5 MMBBl/d Production Increase for August

The cartel's analysis (linked below) assumes rapid demand recovery Source article (opens in new tab): OPEC Will Relax Crude Output Cuts, Betting On Rebound In Economic Growth OPEC+ decided to…

Matt Marshall

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