GAZB News and Press, Barclays Bank PLC From 09/02/20

The Weather Last week Last week (ending August 28), the number of cooling degree days (CDDs) increased by 10.7% w-o-w (from 90 to 100). We estimate that total energy demand (as measured in total degree days, or TDDs) was as much as 29.5% above last year's level and 29.1% above the 30-yea...

October natural gas futures ( NG1:COM ) fell as much as 6% in today's trade before settling -1.1% at $2.63/MMBtu, weighed by cooler than expected weather sweeping across the U.S. and reduced demand for gas-powered cooling. More news on: Natural Gas Futures, The United States Natural ...

Welcome to the don't get cute edition of Natural Gas Daily! Natural gas prices are falling today as the market reassesses the fundamental supply and demand outlook going forward. Henry Hub cash price is currently trading around $2.50/MMBtu, and that's with higher than normal CDDs. Source...

This report covers the week ending August 28, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 643 bcf (or 91.9 bcf/d) for the week ending August 28 (+1.6 bcf/d w-o-w (week over week) and +3.1 bcf/d y-o...

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...

The Weather Last week Last week (ending August 21), the number of cooling degree days (CDDs) dropped by 12.0% w-o-w (from 102 to 90). We estimate that total energy demand (as measured in total degree days, or TDDs) was 5.0% below last year's level but 9.4% above the 30-year average. T...

The natural gas market was sitting not far below the recent high last Friday, with the price of September futures at around the $2.40 per MMBtu level. The nearby futures contract on NYMEX rose from a low of $1.583 on June 26 to a high of $2.465 on August 18. In under two months, the volatile e...

This report covers the week ending August 21, 2020. Total Supply-Demand Overview We estimate that the aggregate demand for U.S. natural gas (consumption + exports) totaled around 634 bcf (or 90.5 bcf/d) for the week ending August 21 (-1.4 bcf/d w-o-w (week over week) and -2.5 bcf/d y-o...

Buyers are expected to cancel 10 or fewer cargoes of liquefied natural gas for October loading from the U.S., the lowest number in months as prices in Asia and Europe recover, Reuters reports, citing trade sources. More news on: Cheniere Energy, Inc., The United States Natural Gas ETF, L...

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...