GAZB News and Press, Barclays Bank PLC From 03/27/20

Welcome to the demand edition of Natural Gas Daily! Following more states announcing mandatory isolations, natural gas demand on a real-time basis remains resilient with no total demand drop. The one area of weakness is coming from residential and commercial demand, which is taking the b...

April natural gas (NG1: COM) settled +3.2% at $1.655/MMBtu after yesterday hitting $1.53, its lowest level since 1995, as some overnight models and NOAA's latest 6-10-day forecasts turned cooler , slightly raising heating demand expectations. More news on: Cabot Oil & Gas Corpo...

The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...

Trend-following traders and speculators tend to flock to the natural gas futures arena. The energy commodity offers both liquidity and volatility. Since natural gas futures began trading in 1990 on the New York Mercantile Exchange division of the CME, the price has traded as low as $1.02 and a...

By Jill Mislinski The Department of Energy's Energy Information Administration ((EIA)) monthly data on volume sales is several weeks old when it released. The latest numbers, through mid-January, are now available. Gasoline prices and increases in fuel efficiency are important factors, b...

This report covers the week ending March 20, 2020. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 730 bcf for the week ending March 20 (up 5.8% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The deviation ...

Welcome to the EIA DPR edition of Natural Gas Daily! EIA DPR was released yesterday, and a fresh new set of data gave ways to a fresh new forecast. Source: EIA DPR, HFI Research In our latest modeling, we show Lower 48 gas production to decrease by 2.438 Bcf/d y-o-y. In 2019, we averag...

The Weather Last week Last week (ending March 13), the number of heating degree days (HDDs) declined by 24.5% w-o-w (from 124 to 94). We estimate that total energy demand (as measured in total degree days, or TDDs) was 22.2% below last year's level and as much as 27.8% below the 30-year ...

The chickens came home to roost in the crude oil market. On March 6, the OPEC meeting ended, and the oil cartel, together with Russia, decided to abandon production cuts. The market had expected OPEC to cut daily output by an additional one million barrels per day. As the meeting began, Saudi ...

Nymex natural gas prices settled +1.5% today and +9.4% for the week to $1.869/MMBtu, as plummeting crude oil prices discourage drilling in U.S. shale plays where gas is extracted as a byproduct, likely with a a boost from traders closing out bearish bets. More news on: The United State...