GAZB News and Press, Barclays Bank PLC From 04/30/20

Record Liquidity vs Depression-Level Economic Activity With over 30 million American jobs lost since the outbreak of the Coronavirus pandemic, the U.S. economy is reeling from an unprecedented economic shock - even surpassing that of the Great Depression. And yet, despite depressio...

The Weather Last week Last week (ending April 24), the number of heating degree days (HDDs) dropped by almost 30% w-o-w (from 105 to 75). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 20% above the 30-year norm and as much as 63% above last...

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...

Liquefied natural gas ((LNG)) is used for generating electricity, especially during periods of high demand for heating and cooling. LNG is now also emerging as a cost-competitive and cleaner transport fuel for shipping as well as heavy-duty road transport. The LNG market was imploding befo...

Welcome to the supplies edition of Natural Gas Daily! Housekeeping item first. For the week ending 4/24, we have a build of 70 Bcf. Basis differentials have led the way so far, with Waha basis tightening by half over the last 2 weeks. Traders we survey expect Lower 48 production to be ...

Crude inventories, prices, and production have undoubtedly been front of mind for many energy investors, but the impact of COVID-19 is far-reaching across energy. With the vast majority of Americans under shelter-in-place orders and many businesses closed until further notice, the demand for e...

All of the attention in markets were focused on crude oil last week. On April 20 and 21, the price of the energy commodity fell to a new all-time low, below zero, and to negative $40.32 per barrel on the expiring May futures contract on NYMEX. Any market participant that believed that the risk...

Before oil prices fell off, US natural gas prices were already weak, with gas producers shifting toward maintenance capital spending and reducing growth in the second half of 2019. In recent weeks, oil-focused E&Ps have responded to the lower price environment by cutting growth capital s...

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...