GAZB News and Press, Barclays Bank PLC From 12/16/20

This Thursday, we expect the EIA to report 3,722 bcf of working gas in storage for the week ending December 11. We anticipate to see a draw of 126 bcf, which is 29 bcf larger than a year ago and 21 bcf larger vs. the 5-year average. If the latest weather forecast remains unchanged...

Currently, we expect the EIA to report a draw of 125 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 369 bcf by January 15. Our storage level outlook is still very bullish vs. market expectations (see detailed table ...

•Inventories were bullish for natural gas. •The market puts in a bullish pattern on the daily chart. •Natural gas is in an oversold position on the long-term chart. •A volatile time of the year- Some bullish clues. •BOIL is back in play f...

This Thursday, we expect the EIA to report 3,853 bcf of working gas in storage for the week ending December 4. We anticipate to see a draw of 86 bcf, which is 29 bcf larger than a year ago and 25 bcf larger vs. the 5-year average. Annual storage surplus is projected to shrink by 2...

The year-over-year average daily rate of consumption of dry natural gas in September 2020 increased in two of the four consuming sectors and decreased in the other two. Residential deliveries were the highest for the month since 2003. Commercial deliveries were the lowest for the mont...

The market is spooked by warm weather and seems to believe that there is a dangerous oversupply, which needs to be eliminated. In fact, there is no oversupply in the market right now and storage surpluses are actually projected to shrink. Indeed, if the latest extended-range weath...

U.S. natural gas (NG1:COM) for January delivery is now trading below February prices, as near-term forecasts for colder weather are scaled back, with temperatures expected above normal in much of the U.S. midwest and parts of the northeast in mid-December.In recent trade, Nymex gas for Januar...

This Wednesday, we expect the EIA to report 3,935 bcf of working gas in storage for the week ending November 27. We anticipate to see a draw of 5 bcf, which is 17 bcf smaller than a year ago and 36 bcf smaller vs. the 5-year average. Annual storage surplus is projected to shrink b...

Hydrogen has been proposed to provide grid scale energy storage, replacing natural gas to power a net-zero carbon electric grid. The increasing preference for net-zero carbon status among institutional investors, and the increasingly stringent regulatory constraints, motivate these ef...

Currently, we expect the EIA to report a draw of 5 bcf next week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 224 bcf by January 1. Weather-neutral supply-demand balance is bullish (vs. 2019), but January contract price is alre...