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home / news releases / GAZB - Natural Gas: Short-Range Weather Models Turned Bullish

GAZB - Natural Gas: Short-Range Weather Models Turned Bullish

Barclays Bank PLC
  • Currently, we expect the EIA to report a draw of 131 bcf this week (a final estimate will be released on Wednesday).
  • Annual storage surplus is projected to shrink by 147 bcf by February 26.
  • If the latest weather forecast remains unchanged, total natural gas demand will rise by 7.1 bcf/d y-o-y (on average) over the next two weeks.
  • Fundamentally, February contract may rise towards $2.600, but should probably stay below $2.680 per MMBtu.

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Natural Gas: Short-Range Weather Models Turned Bullish
Stock Information
Company Name: Barclays Bank PLC
Stock Symbol: GAZB
Market: NYSE
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