GAZB News and Press, Barclays Bank PLC From 05/10/20

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

This report covers the week ending May 8, 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 595 bcf for the week ending May 8 (d...

The Weather Last week Last week (ending May 1), the number of heating degree days (HDDs) dropped by 35% w-o-w (from 75 to 49), while the number of cooling degree days (CDDs) increased by 17% (from 17 to 20). However, we estimate that total energy demand (as measured in total degree days,...

Welcome to the production lost edition of Natural Gas Daily! The natural gas market got a big uplift today thanks to an unplanned outage at Owingsville Compressor Station. The outage has now dropped Lower 48 production down to 90.3 Bcf/d, and the front-end of the curve is reacting swiftl...

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. As you know, the Electric ...

U.S. natural gas futures ( NG1:COM ) surged to their highest since mid-January today following forecasts for cooler weather and more heating demand over the next two weeks than previously expected. More news on: Natural Gas Futures, The United States Natural Gas ETF, LP, VelocityShares 3...

By Colin Lloyd On Monday 20th April, West Texas Intermediate ((WTI)) Crude Oil futures for May delivery traded at $-40.32 per 42 gallon barrel (bbl), a decline of 260% in a single day. The impact was sufficient to drag the contract for June delivery down to $6.50/bbl. By the time the May con...

Natural gas is a market that is always full of surprises. Since natural gas began trading on NYMEX in 1990, the price range has been from $1.02 to $15.65 per MMBtu. In March, the price of the energy commodity fell to a low of $1.519, the lowest price since 1995. The twenty-five-year low in the...

This report covers the week ending May 1, 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 600 bcf for the week ending May 1 (d...

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...