GAZB News and Press, Barclays Bank PLC From 03/24/21

This Thursday, we expect the EIA to report 1,751 bcf of working gas in storage for the week ending March 19. We anticipate to see a draw of 31 bcf, which is 5 bcf larger than a year ago but 20 bcf smaller vs. the five-year average. Over the next 30-day period, total natural gas de...

Exelon (EXC) subsidiary Annova LNG says it is scrapping plans to develop a 6.5M metric tons/year liquefied natural gas export plant in south Texas, due to slumping prices.Exelon says the decision to discontinue the liquefaction project came after it tried and failed to find a suitable offer t...

Commodity supercycles are decade-long periods in which commodities trade above their long-term price trend. The idea of a supercycle is further supported by pent-up demand that could be unleashed once economies reopen. A whole new market for metals such as cobalt, lithium, or nick...

In this article, we review EIA consumption and export figures, look at our estimates for January and February, and conclude with our latest forecast for March, April, and May. On a 12-month average basis, natural gas exports now equate to around 14.80% of total demand - a new all-time...

This Thursday, we expect the EIA to report 1,785 bcf of working gas in storage for the week ending March 12. We anticipate to see a draw of 8 bcf, which is 7 bcf smaller than a year ago and 51 bcf smaller vs. the five-year average. Over the next 30-day period, total natural gas de...

For the whole year 2020, LNG exports closed out with a new record of 2.4 trillion cubic feet, up 31% from the prior year, despite the collapse in the middle. Natural gas imports in 2020 dropped 7% to 2.6 trillion cubic feet, the lowest since 1993. US electricity generation from co...

This week, we expect the EIA to report a draw of 8 bcf (a final estimate will be released on Wednesday). If the latest weather forecast remains unchanged, total natural gas demand should decrease by 5.1 bcf/d y-o-y (on average) over the next two weeks. Dry gas production has been ...

Natural gas prices are stuck in limbo in the near term. Weather outlook is bearish with warmer than normal weather forecast. Fundamentals are loosening a bit, so no real trade set-up. Instead of trying to force a situation out of nothing, go long Suncor instead. Suncor should ...

Many macro and political overhangs lifted by the end of Q4, with optimism about the re-opening economy driving Energy sector gains. Value sectors like Energy shined as the economy rebounded, and small cap and cyclical sectors became market leaders. With rising inflation, midstream...

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...