GAZB News and Press, Barclays Bank PLC From 08/20/20

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

The Weather Last week Last week (ending August 14), the number of cooling degree days (CDDs) jumped by 22.0% w-o-w (from 84 to 102). We estimate that total energy demand (as measured in total degree days, or TDDs) was 8.8% above last year's level and as much as 19.7% above the 30-year av...

Natural gas prices ( NG1:COM ) were little changed for most of the week before surging +7.5% today to $2.35/MMBtu, notching a new YTD high, on speculation that record heat will spark demand for the fuel in the western half of the U.S. More news on: Natural Gas Futures, Antero Resources...

This report covers the week ending August 14, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 643 bcf (or 91.8 bcf/d) for the week ending August 14 (+4.0 bcf/d w-o-w (week over week) and +0.1 bcf/d y-o...

The Weather Last week Last week (ending August 7), the number of cooling degree days (CDDs) plunged by 16.2% w-o-w (from 100 to 84). We estimate that total energy demand (as measured in total degree days, or TDDs) was 11.8% below last year's level and 3% below the 30-year average. Thi...

By Islandboy The EIA released the latest edition of their Electric Power Monthly on July 24th, with data for May 2020. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the year 2020 to date. The Table immediate...

This report covers the week ending August 7, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 617 bcf (or 88.1 bcf/d) for the week ending August 7 (-4.6 bcf/d w-o-w (week over week) and -4.7 bcf/d y-o-y...

In last week’s piece on the natural gas futures market on Seeking Alpha , I wrote, “ I expect $2.00- $2.10 in the short-term, but not much more .” The price took off on the upside on Monday, August 3, and reached a high of $2.284 per MMBtu on August 6. The volatile natura...

The Weather Last week Last week (ending July 31), the number of cooling degree days (CDDs) edged down by 0.9% w-o-w (from 102 to 101). However, we estimate that total energy demand (as measured in total degree days, or TDDs) was 4.5% above last year's level and 13.5% above the 30-year av...

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 (...