GASX News and Press, Direxion Daily Natural Gas Related Bear 3x Shares Direxion Shares ETF Trust From 04/29/20

As many as 25 liquefied natural gas cargoes originally scheduled for June loading from U.S. facilities likely have been canceled , as European and northeast Asian spot prices have dropped to all-time lows, Argus reports. More news on: Cheniere Energy, Inc., The United States Natural Gas E...

This report covers the week ending April 24, 2020. Total Demand (if there was no coronavirus) In the absence of a coronavirus-induced lockdown, we estimate that the aggregate demand for U.S. natural gas (consumption + exports) would have totaled around 650 bcf for the week ending April...

U.S. May natural gas futures ( NG1:COM ) settled +6.5% to $1.939/MMBtu, matching the highest close since March 10 , on expectations that gas production will decline in coming weeks as drillers shut oil wells in shale basins due to the recent collapse of crude prices. More news on: Natur...

The Weather Last week Last week (ending April 17), the number of heating degree days (HDDs) jumped by almost 40% w-o-w (from 75 to 105). We estimate that total energy demand (as measured in total degree days, or TDDs) was 31% above the 30-year norm and as much as 53% above last year's le...

Spot natural gas prices ( NG1:COM ) at the Permian Basin's Waha hub have dropped to their lowest in a year, but longer-term Waha forwards are trading at multiyear highs on expectations that gas supplies will fall as record low crude prices cause energy firms to cut rigs. More news on: Na...

Natural gas futures ( NG1:COM ) rallied +10.6% to settle at $1.94/MMBtu, as another sharp drop in oil prices is expected to accelerate associated declines in gas production related to oil producer shut-ins, while prices also were helped by a forecast for cooler weather. More news on: Nat...

This report covers the week ending April 17, 2020. Total Demand (if there was no coronavirus) In the absence of a coronavirus-induced lockdown, we estimate that the aggregate demand for U.S. natural gas (consumption + exports) would have totaled around 690 bcf for the week ending April...

The U.S. Energy Information Administration has recently released their natural gas monthly statistics for January 2020. In this article, we will briefly review their consumption and exports figures, then look at our estimates for February and March, and conclude with our latest forecast for Ap...

This report covers the week ending April 10, 2020. Total Demand We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 663 bcf for the week ending April 10 (down -3.3 bcf/d w-o-w (week over week) but up +11.1 bcf/d y-o-y (year over year)). The...

The Weather Last week Last week (ending April 3), the number of heating degree days (HDDs) dropped by almost 16% w-o-w (from 107 to 90). We estimate that total energy demand (as measured in total degree days, or TDDs) was 7.6% below the 30-year norm and as much as 11.5% below last ye...