GAZB News and Press, Barclays Bank PLC From 02/21/20

This report covers the week ending February 21, 2020. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 860 bcf for the week ending February 21 (down 2.5% w-o-w (week over week) but up 0.4% y-o-y (year over year)). The de...

A buyer of liquefied natural gas has canceled two shipments from Cheniere Energy ( LNG -1.8% ), Bloomberg reports, as a global glut hits prices. More news on: Cheniere Energy, Inc., The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy stocks news, News ...

Royal Dutch Shell ( RDS.A -0.4% ) says the coronavirus is hurting demand for liquefied natural gas , causing the company to reschedule or locate new buyers for cargoes previously allocated to the Chinese market. More news on: Royal Dutch Shell plc, The United States Natural Gas ETF, LP,...

The Weather Last week Last week (ending February 14), the number of heating degree days (HDDs) jumped by 15.4% w-o-w (from 157 to 181). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 3.6% below last year's level, but mostly within the 30-yea...

With new export projects coming on-line in the US, LNG price weakness, and several trade-related developments with China, LNG is a timely topic to revisit. The current wave of US LNG project startups is nearing completion, adding cargoes to an already oversupplied market grappling with the dem...

Natural gas ( UNG +5.3% ) for March delivery settled +7.8% to $1.981/MMBtu, the highest finish for the front-month contract in a month and the biggest one-day percentage gain since January 2019. More news on: The United States Natural Gas ETF, LP, EQT Corporation, Gulfport Energy Cor...

When a commodity's price falls to a level where the cost of production falls below the market price, it enters the bottom end of its pricing cycle. Raw materials can be highly volatile asset markets. Prices tend to rise to levels where production increases, inventories rise, and the elasticity...

This report covers the week ending February 14, 2020. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 871 bcf for the week ending February 14 (up 3.3% w-o-w (week over week) and up 2.9% y-o-y (year over year)). The devi...

Four liquefied natural gas tankers bound for north Asia have changed destination or diverted after the coronavirus outbreak slammed gas demand in China, Reuters reports. More news on: CNOOC Limited, The United States Natural Gas ETF, LP, VelocityShares 3x Long Natural Gas ETN, Energy sto...

The Weather Last week Last week (ending February 7), the number of heating degree days (HDDs) declined by 4.4% w-o-w (from 164 to 157). We estimate that total energy demand (as measured in total degree days, or TDDs) was 3.0% below last year's level, but as much as 17.6% below the 30-yea...