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Welcome to the cold blast edition of Natural Gas Daily! In winter gas trading, the algos pay more attention to heating demand changes while the physical gas traders pay more attention to the trend change in the weather models. And in the latest update in particular, ECMWF-EPS gained ~10 ...
The price of nearby February natural gas futures fell from a high of $2.926 on November 5, as the peak season of demand approached. The most recent low came on January 3 at $2.083 per MMBtu, a decline of 28.8% in just under two months. So far, in 2020, the price of the nearby futures contract ...
Welcome to the model turns bullish edition in Natural Gas Daily! For the week ending 1/10, we have a draw of -105 Bcf. This would be compared to -180 Bcf for the 5-year average and -81 Bcf last year. Model Signals Turn Very Bullish Despite the overwhelming loss in TDDs overnight again ...
This report covers the week ending January 10, 2020. Total Demand We estimate that the aggregate demand for American natural gas (consumption + exports) totaled around 816 bcf for the week ending January 10 (up 4.9% w-o-w (week over week) and up 6.0% y-o-y (year over year)). The deviat...
Welcome to the it's not over edition of Natural Gas Daily! ECMWF-EPS and GFS-ENS both gained TDDs in the last 24 hours, but natural gas is selling-off today on very close correlation to oil's sell-off. Source: HFIRweather.com Following de-escalating comments from President Trump, oil...
The Weather Last week Last week (ending January 3), the number of heating degree days (HDDs) edged up by 4.4% w-o-w (from 139 to 145). Cooling demand remains too weak to have a meaningful impact on natural gas consumption. Despite higher HDDs, we estimate that total energy demand (as mea...
The U.S. Energy Information Administration has recently released their natural gas monthly statistics for October 2019. In this article, we will briefly review their consumption and exports figures, then look at our estimates for November and December, and conclude with our latest forecast for...
Original Post By Stuart Burns In the short term, a new five-year gas transit agreement between Russia and Ukraine, agreed just 12 days before the current agreement is to expire, is good news for Europe, Russia and Ukraine - a rare example of pragmatism and compromise in today's winner-...
This is good news for pipeline operators like Kinder Morgan (KMI) and The Williams Companies (WMB) who are carrying the gas to export facilities. LNG exports are climbing at a heady rate of ~120% annually. Should see some slowing at some point, but thus far no sign of it. Interesting to note...
Massive discoveries of natural gas in the Marcellus and Utica shale regions of the US increased the supply side of the fundamental equation for the energy commodity. At the same time, technological advances in extracting the gas from the crust of the earth, together with a supportive energy po...