When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GAZB - Natural Gas Market: Annual Storage Surplus Is Projected To Shrink
Barclays Bank PLC
The Weather
Last week
Last week (ending March 27), the number of heating degree days (HDDs) edged down by 4.8% w-o-w (from 113 to 107). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 5.3% above the 30-year norm and as much as 17.6% above last year's level. Cooling demand remained too weak to have a meaningful impact on natural gas consumption.
This week
This week (ending April 3), the weather conditions are getting significantly better. We estimate that the number of nationwide HDDs will drop by 15.3%