GAZB News and Press, Barclays Bank PLC From 07/17/20

Natural gas fell to a twenty-five-year low at $1.432 per MMBtu in late June on the expiring NYMEX July futures contract. The active month August contract reached a bottom at $1.517 on June 25 and 26. The double bottom formation ignited a recovery rally that took the price to a high of $1.924 o...

U.S. natural gas production rose over the weekend after TC Energy's ( TRP +0.6% ) Mountaineer Xpress pipeline in West Virginia reportedly returned to service following unplanned maintenance. More news on: TC Energy Corporation, The United States Natural Gas ETF, LP, VelocityShares 3x ...

This report covers the week ending July 10, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 636 bcf (or 90.8 bcf/d) for the week ending July 10 (+3.8 bcf/d w-o-w (week over week) and mostly unchanged y...

The price of NYMEX natural gas futures fell to a twenty-five-year low in March when the price reached $1.519 per MMBtu. Natural gas often falls to annual lows at the end of the winter season when stockpiles declines turn into injections. As in past years, the price rallied from the March botto...

Natural gas flows to U.S. liquefied natural gas export plants have plunged so far this month to average 3.1B cf/day, after falling to a 20-month low of 4.1B cf/day in June, as coronavirus lockdowns cut global demand, Refinitiv reports. More news on: Cheniere Energy, Inc., Sempra Energy, ...

The Weather Last week Last week (ending July 3), the number of cooling degree days (CDDs) increased by 10.3% w-o-w (from 81 to 89). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 4.3% below last year's level but as much as 10.8% above the 30...

Prospects for nearly half of the world's projects to build infrastructure for exporting liquefied natural gas have faded in recent months , says a new report from Global Energy Monitor, citing rising concerns about climate change, public protests and delays due to the coronavirus. More ne...

Nymex natural gas ( NG1:COM ) jumped to its highest close since early May after unscheduled maintenance caused a force majeure on TC Energy's (NYSE: TRP ) Mountaineer Xpress Pipeline in West Virginia that sent Appalachian gas production plunging by more than 2.2B cf to an estimated 29...

The Weather Last week Last week (ending June 26), the number of cooling degree days (CDDs) jumped by 37.3% w-o-w (from 59 to 81). We estimate that total energy demand (as measured in total degree days, or TDDs) was 4.7% above last year's level and 6.5% above the 30-year average. This ...

Welcome to the NG tank top edition of Natural Gas Daily! Don't argue with the market, and instead, listen to what it is saying. And today's price action is saying that the market is now legitimately concerned about the development of natural gas storage by October. (Source: EIA, HFI Resear...