GAZB News and Press, Barclays Bank PLC From 03/10/21

This Thursday, we expect the EIA to report 1,776 bcf of working gas in storage for the week ending March 5. We anticipate to see a draw of 69 bcf, which is 3 bcf smaller than a year ago and 20 bcf smaller vs. the five-year average. Over the next 30-day period, total natural gas de...

Market assessment of where storage finishes in November is in stark contrast to our prediction. This begs the question of where we could be wrong. Recent price action in natural gas producers and natural gas futures has led us to lock in profits on our positions. Our fundament...

This week, we expect the EIA to report a draw of 71 bcf (a final estimate will be released on Wednesday). If the latest weather forecast remains unchanged, total natural gas demand should increase by 4.3 bcf/d y-o-y (on average) over the next two weeks. Dry gas production is still...

The share of total electricity supplied by natural gas-fired power plants remains significant, but is getting smaller. In less than 11 months, renewables will probably be providing more electricity to U.S consumers than coal-fired power plants. The monthly net impact of non-degree...

US natural gas storage has fallen below the five-year average for the first time since November 2019. While extreme cold in mid-February drove the second-largest one-week drawdown in US gas storage since 1999, gas withdrawals are much higher than can be explained by the weather alone....

While unnerving, the late-February surge in global bond yields was a game-changer for equity market leadership, with important implications for navigating the road ahead. The rebound in financials dates from last November when vaccine breakthroughs stoked hopes for the global economy ...

This Thursday, we expect the EIA to report 1,815 bcf of working gas in storage for the week ending February 26. We anticipate to see a draw of 128 bcf, which is 9 bcf larger than a year ago and 47 bcf larger vs. the five-year average. The latest short-range weather models turned b...

Government policy makers need to understand that "natural gas can and should be a big part of the climate change solution," Enbridge (ENB) COO Michele Harradence said today at the CERAWeek by IHS Markit energy conference.Gas already has "done a lot to reduce greenhouse gas emissions in North ...

Natural gas prices bottomed last week and are starting to move higher. The latest 15-day weather outlook suggests a return to colder than normal temperatures in Lower 48. Fundamentals have returned to normal following the cold blast in Texas. LNG exports are picking up again. ...

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...