GAZB News and Press, Barclays Bank PLC From 07/31/20

This report covers the week ending July 31, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 648 bcf (or 92.5 bcf/d) for the week ending July 31 (-0.7 bcf/d w-o-w (week over week) and -0.3 bcf/d y-o-y (...

The price action in natural gas continued to be bearish after the Energy Information Administration released its latest inventory data on Thursday, July 30. In 2018, the price of the nearby NYMEX natural gas futures contract reached a peak of $4.929 as the market went into the winter peak se...

The Weather Last week Last week (ending July 24), the number of cooling degree days (CDDs) edged up by 1.3% w-o-w (from 100 to 102). We estimate that total energy demand (as measured in total degree days, or TDDs) was 16.0% above last year's level and 15.0% above the 30-year average. ...

Natural gas, the "widowmaker," may be in a situation where a new price cycle to the upside has begun (see chart below). For us, at Predictive Analytic Models ((PAM)), natural gas made a cyclical bottom on June 26 at $1.482 at the NG nearby contract. We will lay out the case of a move back to, ...

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, Electric Powe...

Natural gas reached a higher low at $1.605 per MMBtu on July 20. The move from $1.924 on July 7 ran out of steam on the downside. The energy commodity did not test the double bottom formation at $1.517 from June 25 and 26. On Friday, July 24, the price was hovering around the $1.80 level. Th...

Natural gas futures ( NG1:COM ) settle +6.2% to $1.785/MMBtu for their highest close since July 10, as traders watch a tropical depression building off the coast of Texas that may develop into Tropical Storm Hanna. More news on: Natural Gas Futures, The United States Natural Gas ETF,...

The U.S. Energy Information Administration has recently released their natural gas monthly statistics for April 2020. In this article, we will briefly review their consumption and exports figures, then look at our estimates for May and June, and conclude with our latest forecast for July, Augu...

Buyers of liquefied natural gas from the U.S. continued to cancel September loadings due to weak global gas demand but fewer cargoes were canceled than for July and August, Reuters reports. More news on: Cheniere Energy, Inc., The United States Natural Gas ETF, LP, VelocityShares 3x Long...

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...