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home / news releases / GAZB - Natural Gas Trading: Abnormally Bullish Conditions Will Not Last

GAZB - Natural Gas Trading: Abnormally Bullish Conditions Will Not Last

Barclays Bank PLC
  • Currently, we expect the EIA to report a draw of 241 bcf this week (a final estimate will be released on Wednesday).
  • If the latest weather forecast remains unchanged, total natural gas demand should rise by as much as 18.0 bcf/d y-o-y (on average) over the next two weeks.
  • However, daily natural gas consumption will peak tomorrow (Feb. 16).
  • Natural gas production has plunged, but, it seems, it is already finding a bottom.
  • Short-term price spikes are still possible. The only rational reaction to a price spike is to short it.

For further details see:

Natural Gas Trading: Abnormally Bullish Conditions Will Not Last
Stock Information
Company Name: Barclays Bank PLC
Stock Symbol: GAZB
Market: NYSE
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