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This report covers the week ending September 27, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 580 bcf for the week ending September 27 (down 2.4% w-o-w (week over week) but up 4.4% y-o-y (year over year)). Th...
After last week's inventory report from the Energy Information Administration, there are less than two months before the start of the 2019/2020 withdrawal season in the natural gas market in the United States. The impact of seasonality on the energy commodity has declined over the past years...
Front-month natural gas prices (NYSEARCA: UNG ) tumbled 3% today to a three-week low $2.428/MMBtu after data showed U.S. inventories surged by a higher than forecast 102B cf last week. More news on: The United States Natural Gas ETF, LP, Range Resources Corporation, Antero Resources Co...
The Weather Last week (ending September 20), the number of cooling degree-days (CDDs) plunged by 12.0% w-o-w (from 80 to 72), as weather conditions cooled down across the country. Heating demand has increased but remains too weak to have any significant impact on natural gas consumption. We ...
In early August, the bearish sentiment in the natural gas futures market peaked. After falling through the level of technical support at just above the $2.50 per MMBtu level in April, the price dropped to a low at $2.029, the lowest since 2016. Volatility returned to the natural gas market ove...
This report covers the week ending September 20, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 590 bcf for the week ending September 20 (down 2.3% w-o-w and down 1.5% y-o-y). The deviation from the norm remained...
U.S. natural gas futures posted the biggest daily percentage drop since mid-July , settling -3.8% to $2.538/MMBtu, following a bigger than expected storage build and forecasts for less cooling demand next week. More news on: The United States Natural Gas ETF, LP, VelocityShares 3x Long ...
Investment thesis Since our last publication on the Velocity Shares 3x Long Natural Gas ETN ( UGAZ ), our bearish view on the ETF has not materialized, as the molecule market slightly tightened, following warmer-than-average temperatures that enhanced the U.S. gas demand. Yet, in spite...
Blackstone Energy Partners head David Foley says the P-E firm would consider selling its 202M shares in Cheniere Energy Partners ( CQP +0.5% ) - a 41% stake currently valued at $9.7B - if it received a good offer. More news on: Cheniere Energy Partners, L.P., The Blackstone Group Inc.,...
By Michael Laitkep US liquefied natural gas ((LNG)) export growth is rightfully one of the hottest topics in the midstream space, as new LNG export facilities and supporting energy infrastructure are required to connect US natural gas production growth with increasing global demand. Today,...