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Welcome to another record edition of Natural Gas Daily! Natural gas prices are finally reacting to the bullish weekend forecast 10-15 days out. Source: HFIRweather.com Both ECMWF-EPS and GFS-ENS are trending more bullish now in the 10-15 day range, with GFS-ENS, once again, leading t...
This report covers the week ending November 22, 2019. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 733 bcf for the week ending November 22 (down 8.8% w-o-w (week over week) but up 1.1% y-o-y (year over year)). The de...
The Federal Energy Regulatory Commission approves three proposed new liquefied natural gas export facilities in Texas and the expansion of another, which will roughly double current U.S. LNG export capacity. More news on: Exelon Corporation, NextDecade Corporation, Cheniere Energy, Inc., E...
The Federal Energy Regulatory Commission approves three proposed new liquefied natural gas export facilities in Texas and the expansion of another, which will roughly double current U.S. LNG export capacity. More news on: Exelon Corporation, NextDecade Corporation, Cheniere Energy, Inc.,...
The Weather Last week Last week (ending November 15), the number of heating degree days (HDDs) jumped by 32.6% w-o-w (from 125 to 166), as weather conditions continued to get colder across the Lower-48 states. Cooling demand has plunged by about 54.7% and remains too weak to have a meani...
Despite being potentially less familiar to a generalist audience than more "approachable" hydrocarbons like oil and natural gas, natural gas liquids (NGLs) have grown in importance within midstream as US production and exports have risen quickly over the last few years. After falling to multi-...
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for August 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for September and October, and conclude with our latest forecast for ...
Natural gas futures fall sharply following predictions of moderating temperatures next week, after a frigid start to November drove prices up earlier this month; at last check, December Nymex gas (NYSEARCA: UNG ) -4.3% to $2.571/MMBtu. More news on: The United States Natural Gas ETF, ...
After rising to a high at $2.905 per MMBtu on the December NYMEX natural gas futures contract on November 5, the price pulled back below the $2.60 level at the end of last week. The $2.905 peak was the highest price level for the energy commodity since late May. Natural gas rallied because o...
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...