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home / news releases / GAZB - Natural Gas: Annual Storage Surplus Could Disappear By Mid-January

GAZB - Natural Gas: Annual Storage Surplus Could Disappear By Mid-January

Barclays Bank PLC
  • Currently, we expect the EIA to report a draw of 5 bcf next week (a final estimate will be released on Wednesday).
  • Annual storage surplus is projected to shrink by 224 bcf by January 1.
  • Weather-neutral supply-demand balance is bullish (vs. 2019), but January contract price is already up some $0.60 cents y-o-y.
  • 3.000 is a strong resistance, but if the latest weather forecast remains unchanged, this level should be broken.

For further details see:

Natural Gas: Annual Storage Surplus Could Disappear By Mid-January
Stock Information
Company Name: Barclays Bank PLC
Stock Symbol: GAZB
Market: NYSE
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