GAZB News and Press, Barclays Bank PLC From 02/11/21

In this article, we review EIA consumption and export figures, look at our estimates for December and January, and conclude with our latest forecast for February, March, and April. On a 12-month average basis, natural gas exports now equate to around 14.60% of total demand - a new all...

This Thursday, we expect the EIA to report 2,510 bcf of working gas in storage for the week ending February 5. We anticipate to see a draw of 179 bcf, which is 58 bcf larger than a year ago and 54 bcf larger vs. the five-year average. Over the next 30-day period, total natural gas...

Extreme ups, downs and ups of 2020 underscored flexibility and resiliency of the U.S. LNG export industry. Rapid rebound of U.S. LNG exports from deep troughs in the middle of the year emphatically answered questions raised by some about the long-term viability of natural gas demand. ...

Oil & gas stocks will raise passions and attract many investors during bull markets. The energy sector is quite volatile and cyclical. I prefer pipelines (midstream industry) as the most interesting opportunities in the energy sector. For further details see: The Wor...

Currently, we expect the EIA to report a draw of 184 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 19.8 bcf/d y-o-y (on average) over the next two weeks. Price sp...

This Friday, we expect the EIA to report 2,688 bcf of working gas in storage for the week ending January 29. We anticipate to see a draw of 193 bcf, which is 38 bcf larger than a year ago and 47 bcf larger vs. the five-year average. Over the next 30-day period, total natural gas d...

In January, a polar vortex in Asia and Europe drove LNG prices to record highs as demand for heating and power generation jumped considerably. As prices have improved and demand has picked up, US exports have rebounded from a two-year low in July to a record high of 9.8 Bcf/d in Decem...

The share of total electricity supplied by natural gas-fired power plants remains significant, but is getting smaller. In less than 12 months, renewables will probably provide more electricity to U.S consumers than coal does today. The monthly net impact of non-degree-day factors ...

Natural gas futures (NG1:COM) settled +11.1% to $2.85/MMBtu, its best close since Dec. 1, after weekend forecasts predicted below-seasonal temperatures for a large majority of the U.S. over the coming two weeks.Today's close is 57% higher than a year ago, when the weather was uncommonly warm,...

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 ...