GAZB News and Press, Barclays Bank PLC From 02/26/21

We believe natural gas price pullback is nearly complete. The fundamental outlook for natural gas couldn't be any brighter heading into the injection season. US shale gas and oil producers are not guiding to any growth for this year, which means the implied deficit in the market w...

Currently, we expect the EIA to report a draw of 125 bcf next week (a final estimate will be released on Wednesday). If the latest weather forecast remains unchanged, total natural gas demand should edge up by 0.8 bcf/d y-o-y (on average) over the next two weeks. Dry gas productio...

This Thursday, we expect the EIA to report 1,931 bcf of working gas in storage for the week ending February 19. We anticipate to see a draw of 350 bcf, which is 205 bcf larger than a year ago and 230 bcf larger vs. the five-year average. Natural gas production that was lost due to...

Natural gas prices have pulled back as production normalizes and weather trends warmer than normal. Lower 48 production after briefly dipping below ~70 Bcf/d is now back to ~87 Bcf/d. LNG exports are rebounding while heating demand drops back to seasonal average. The medium-te...

The worst of the squeeze on natural gas supplies may have passed, as supply for next-day delivery at the Oneok ([[OKE]] -2%) Gas Transportation hub in Oklahoma traded at ~$10/MMBtu today, down from $1,250 yesterday, as temperatures begin to rise in Texas and neighboring states following sever...

This Thursday, we expect the EIA to report 2,277 bcf of working gas in storage for the week ending February 12. We anticipate to see a draw of 241 bcf, which is 100 bcf larger than a year ago and 99 bcf larger vs. the five-year average. Natural gas consumption reached a major seas...

Winter weather sends natural gas prices higher. Midcon and Waha prices are up 100x vs 2x for natural gas. Sandridge is a winning beneficiary versus other gas producers and vs the E&P index. For further details see: Natural Gas Super Spike Validates Mid-Con And Waha A...

Currently, we expect the EIA to report a draw of 241 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 18.0 bcf/d y-o-y (on average) over the next two weeks. However,...

Spot natural gas (NG1:COM) prices across much of the western U.S. soared to record highs today, as Arctic weather fueled extreme localized demand, S&P Global Platts reports.Hubs across the Midcontinent led the surge, as weather forecasts predicted the coldest temperatures in more tha...

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...