Gasoline demand hit a 20 year low over the Thanksgiving holiday, down 8.4% from the week before and the decline is showing no sign of shopping Chart of the Week – – The volume of natural gas vented or flared in the U.S. in 2019 was 1.48 billion cubic feet per day (Bcf/d), a record high . That amounted to 1.3% of total gross gas withdrawals. – North Dakota and Texas accounted for 85% of the total gas vented or flared. – The environmental impact is causing reputational damage to the industry. Some European buyers are backing away from purchasing U.S. LNG because of the enormous volume of vented and flared gas upstream. Market Movers – Antero Resources (NYSE: AR) received a double upgrade from JP Morgan from Underweight to Overweight with a $6 price target. The upgrade was “largely driven by our constructive macro call on NGLs,” the […]