GAZB News and Press, Barclays Bank PLC From 05/04/21

Natural gas prices in the near term are pricing in perfection. Production maintenance combined with higher heating demand resulted in larger deficit, but as production returns and heating demand wanes, so too will prices. While we agree the market balance will be tighter going for...

U.S. natural gas futures jumped 3% today to a nine-week high, boosted by record exports and declining production, despite expectations for lower heating demand over the next two weeks.On its second to last day as the front-month contract, Nymex May gas futures (NG1:COM) rose $0.083 to settle ...

Here are the latest trends we see in natural gas fundamentals. Production is recovering following the maintenance period in April. Production is set to show big gains y-o-y as last year's volumes were impacted by shut-ins. LNG and Mexico gas exports will be the biggest demand driv...

OPEC+ production is down because OPEC decided to do so. The price crash in 2020 resulted in a production decline already in 2020, as some producers came close to cash costs. The European Union adopted a regulatory framework with a dual mandate that not just targets fuel economy bu...

U.S. natural gas futures wrapped up a 6% surge for the week, recovering from last week's nearly 4% drop, on near-record liquefied natural gas and pipeline exports and forecasts that power generators will burn more gas next week.May natural gas futures (NG1:COM) settled +0.8% to $2.68/MMBtu, t...

The boost to crude reserves from ultra-deep fields looks to have run its course starting in 2017/2018. Net additions of reserves peaked in 2018 for oil and gas, and total remaining reserves peaked in 2018 for gas and will in 2019 for oil (whether locally or globally time will tell). ...

Weather models turned bearish over the weekend pushing demand forecasts lower as well as prices. We estimate storage injections over the next 5 EIA reports to be 36 Bcf higher than the 5-year average but 48 Bcf below last year. Based on the current projections, we have the US natu...

While crude oil reverses from yesterday's rally driven by the Suez Canal blockage, natural gas futures (NG1:COM) finished higher as analysts say the incident likely will have a more significant impact on the market for liquefied natural gas.Comex April natural gas closed +2.1% to $2.57/MMBtu,...

Anyone with a commitment to commodities over the past few decades of prominent disinflationary forces has endured considerable pain. In this blog, we attempt to make the case that something that lost over 12% a year on average for more than a decade could play an interesting role in a...

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...