GAZB News and Press, Barclays Bank PLC From 02/01/21

Natural gas prices are squeezing higher on a more bullish outlook over the weekend. February may turn out to be the coldest February in 6 years. Fundamentally, we are looking at ~7 Bcf/d deficit going forward with the bullish heating demand behind the market. Best way to play ...

Currently, we expect the EIA to report a draw of 192 bcf this week (a final estimate will be released on Wednesday). If the latest weather forecast remains unchanged, total natural gas demand should rise by as much as 12.4 bcf/d y-o-y (on average) over the next two weeks. However,...

The commodity price rally experienced throughout much of the third quarter accelerated significantly in the last quarter of 2020. Renewable energy markets received massive confidence boosts from advancements in "green" initiatives. In a very welcome turnaround following a year mar...

2020 was a tumultuous year for oil markets, and energy markets more generally. For the oil market, the biggest uncertainty is the future path of demand. The change in US government leadership will also have important repercussions for the oil and gas industry. For further de...

This Friday, we expect the EIA to report 2,875 bcf of working gas in storage for the week ending January 22. We anticipate to see a draw of 134 bcf, which is 36 bcf smaller than a year ago and 40 bcf smaller vs. the five-year average. Over the next 30-day period, total natural gas...

Currently, we expect the EIA to report a draw of 131 bcf this week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 147 bcf by February 26. If the latest weather forecast remains unchanged, total natural gas demand will rise by 7.1...

Franklin Equity Group's Fred Fromm and Matt Adams see signs that increased demand for fossil fuels in select developing countries could offset any potential demand slump in developed countries such as the United States. They also explain why they think equity investors concerned about...

This Friday, we expect the EIA to report 3,007 bcf of working gas in storage for the week ending January 15. We anticipate to see a draw of 189 bcf, which is 92 bcf larger than a year ago and 22 bcf larger vs. the five-year average. Over the next 30-day period, total natural gas d...

Currently, we expect the EIA to report a draw of 189 bcf this week (a final estimate will be released on Wednesday). Annual storage surplus is projected to shrink by 144 bcf by February 19. Our storage level outlook is still bullish vs. market expectations. If the latest weath...

We have increased our long exposure in natural gas. We will continue to carefully buy the dips - preferably in summer contracts (see the list of trades below). We see at least six factors which support the bulls. However, there are three important bearish factors. Short-ra...