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GAZB - Natural Gas Market: Production Falls To A New Multi-Year Low
October, 08 2020 03:42 AM
Barclays Bank PLC
This Thursday, we expect the EIA to report 3,827 bcf of working gas in storage for the week ending October 2. We anticipate to see a build of 71 bcf, which is 31 bcf smaller than a year ago and 15 bcf smaller vs. the 5-year average. Annual storage "surplus" is projected to shrink by 190 bcf by November 6. The weather is bearish, but SD balance is still tightening due to lower production. Hurricane Delta is forecast to enter the GOM later today. For further details see:
Natural Gas Market: Production Falls To A New Multi-Year Low
Stock Information
Company Name:
Barclays Bank PLC
Stock Symbol:
GAZB
Market:
NYSE
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