GAZB News and Press, Barclays Bank PLC From 11/11/20

This Thursday, we expect the EIA to report 3,915 bcf of working gas in storage for the week ending November 6. We anticipate to see a draw of 4 bcf, which is 16 bcf larger than a year ago and 37 bcf larger vs. the 5-year average. Annual storage "surplus" is projected to shrink by ...

The year-over-year average daily rate of consumption of dry natural gas in August 2020 decreased in three of the four consuming sectors. Residential deliveries were the highest for the month since 2011. Commercial deliveries were the lowest for the month since 2010. Industrial deliver...

The election and US crude oil policy in 2021. The price action in crude oil shares was counterintuitive over the past four years. The regulatory environment starting in 2021 will reflect the election results- Georgia becomes critical. Bullish price action in crude oil is possi...

Aggregate demand for U.S. natural gas totaled around 662 bcf (or 94.6 bcf/d) for the week ending November 6. Aggregate supply of natural gas in the contiguous United States totaled around 680 bcf (or 97.2 bcf/d) in the same week. Currently, we expect the EIA to report a draw of 1 ...

Natural gas falls to the $3 level over the past week. The first withdrawal from inventories as of October 30. The stockpile decline comes early this year. The election results could be weighing in natural gas. UNG is the natural gas ETF, but it has problems, BOIL and KOLD ...

This Thursday, we expect the EIA to report 3,927 bcf of working gas in storage for the week ending October 30. We anticipate to see a draw of 28 bcf, which is 77 bcf larger than a year ago and 80 bcf larger vs. the 5-year average. Annual storage "surplus" is projected to shrink by...

The share of total electricity supplied by natural gas-fired power plants remains significant, but renewables are growing very fast. Coal-to-gas switching trend remains relatively subdued (by historical standards), with higher forward NG/Coal spreads having an additional negative impa...

Aggregate demand for U.S. natural gas totaled around 703 bcf (or 100.4 bcf/d) for the week ending October 30. Aggregate supply of natural gas in the contiguous United States totaled around 655 bcf (or 93.6 bcf/d) in the same week. Currently, we expect the EIA to report a draw of 2...

This Thursday, we expect the EIA to report 3,967 bcf of working gas in storage for the week ending October 23. We anticipate to see a build of 41 bcf, which is 48 bcf smaller than a year ago and 28 bcf smaller vs. the 5-year average. The storage "surplus" relative to the 5-year av...

Aggregate demand for U.S. natural gas totaled around 629 bcf (or 89.9 bcf/d) for the week ending October 23. Aggregate supply of natural gas in the contiguous United States totaled around 664 bcf (or 94.8 bcf/d) in the same week. Currently, we expect the EIA to report a build of 4...