GAZB News and Press, Barclays Bank PLC From 04/13/20

Energy has been a curse in 2020. The price of crude oil rose to a high for the year on January 8 at $65.65 per barrel, but natural gas had already started its descent. Natural gas rose to a seasonal high of $2.905 per MMBtu in early November; in January, the peak was at $2.255. A pattern of lo...

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...

Four tankers carrying U.S. liquefied natural gas are on their way to China after the Beijing government started granting tax waivers to some importers, Reuters reports, citing shipping and trade sources. More news on: CNOOC Limited, China Petroleum & Chemical Corporation, Cheniere En...

Welcome to the shut-in edition of Natural Gas Daily! Weather models over the weekend turned bullish leaving the natural gas market now undersupplied by ~2 Bcf/d until the end of April. This, combined with total gas supplies now trending lower, leaves the market in a precarious situation....

I remember when natural gas began trading on the NYMEX futures exchange back in 1990. At that time, I was one of the senior traders on the desk at the Phibro division of Salomon Inc. The highly profitable commodity trading division of the company was under the command of Andrew J. Hall, a trad...

The energy sector tanked in Q1 2020. WTI and Brent crude oil posted significant losses in Q1 after the outbreak of Coronavirus weighed on demand. The failure of OPEC to respond to the price weakness led to a massive move to the downside in early March that took the price of crude oil to its lo...

The Weather Last week Last week (ending March 27), the number of heating degree days (HDDs) edged down by 4.8% w-o-w (from 113 to 107). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 5.3% above the 30-year norm and as much as 17.6% above las...

Since the oil price war began earlier this month, we have focused primarily on crude's fall and the consequences for midstream. However, with the price of natural gas at Henry Hub hitting a 25-year low last week at $1.60 per million British thermal unit (MMBtu), natural gas pipelines are also ...

In one of our previous articles , we explained why natural gas traders should care about the latest trends in the Electric Power sector and what indicators they should be monitoring. In this article, we would simply like to update you on some of the latest trends and also discuss the impact o...

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...