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home / news releases / natural gas consumption has reached a seasonal peak

GAZB - Natural Gas Consumption Has Reached A Seasonal Peak

Barclays Bank PLC
  • This Thursday, I expect the EIA to report 2,717 bcf of working gas in storage for the week ending July 23.
  • I anticipate seeing a build of 39 bcf, 11 bcf larger vs. the five-year average for this time of the year.
  • The latest extended-range ECMWF model shows more CDDs in week 2-week 5.
  • However, there is a "bearish divergence" between the latest short-range model and the latest extended-range model.
  • Over the next two weeks, the total balance should be slightly tight vs. a year ago at around -0.9 bcf/d y-o-y.

For further details see:

Natural Gas Consumption Has Reached A Seasonal Peak
Stock Information
Company Name: Barclays Bank PLC
Stock Symbol: GAZB
Market: NYSE
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