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By Justin Leverenz Commodities are rarely associated with explosive consumption growth. While the rise of China challenged this notion, the best days of the super-cycle in materials are clearly behind us. For example, over the past three years, the world's consumption of copper rose ju...
By Islandboy The EIA released the latest edition of their Electric Power Monthly on October 24th, with data for August 2019. The table above shows the percentage contribution of the main fuel sources to two decimal places for the last two months and the year 2019 to date. The table imm...
Investment Thesis Provided what's given, overall sentiment is seen as neutral as there's not enough support at this time to send prices markedly higher or lower. That said, natural gas prices should remain within a range above $2.50. Natural gas futures edge higher on Thursday despite mixe...
Welcome to the massive divergence edition of Natural Gas Daily! There's a massive disagreement in the weather models right now, and the fate of where natural gas prices go will be determined by which one wins. ECMWF-EPS and GFS-ENS have very different views at the moment for where the ...
This report covers the week ending November 15, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 802 bcf for the week ending November 15 (up 12.2% w-o-w (week over week) and up 2.8% y-o-y (year over year)). The dev...
The Weather Last week Last week (ending November 8), the number of heating degree days (HDDs) jumped by 22.6% w-o-w (from 102 to 125), as weather conditions continued to get colder across the Lower-48 states. Cooling demand has dropped by about 19.3% and remains too weak to have a meanin...
Source: New York Times Investment thesis In our past release on the ProShares Ultra Bloomberg Natural Gas ( BOIL ), we maintained our bearish recommendation and believed that the looming cold snap had not enough strength to trigger a price spike on natural gas futures. Thus, our vi...
Welcome to the turning bearish edition of Natural Gas Daily! Housekeeping item first. For the week ending 11/8, we still show no change in storage (0 Bcf). EOS for April is 1.53 Tcf. We are turning bearish... As the title of this article suggests, we are turning bearish. We went lo...
Natural gas futures (NYSEARCA: UNG ) closed -5.4% to $2.637/MMBtu for the lowest settlement since Oct. 31 and the steepest dollar and percentage decline since January. More news on: The United States Natural Gas ETF, LP, Chesapeake Energy Corporation, EQT Corporation, Energy stocks new...
Natural gas rallied too early when the price of nearby futures hit a high at $2.71 in mid-September. With two months to go until the end of the injection and start of the withdrawal season, the price reached a peak when the energy commodity was still flowing into storage across the US. The p...