Story of the day
Volatility Amid Freeport LNG Outage Concerns Sees Natural Gas Futures Pare Losses
Regulatory
In Blow to Biden Climate Agenda, Supreme Court Limits EPA Authority Over Power Plants
In a victory for the natural gas and coal industry, the U.S. Supreme Court on Thursday curtailed the Environmental Protection Agency’s (EPA) authority to regulate greenhouse gas emissions (GHG) from power plants. In a 6-3 decision, the high court sided with plaintiffs, including the coal-producing states of West Virginia and North Dakota, as well as…
June 30, 2022
Regulatory
PHMSA Examines ‘Overpressure Situation’ at Freeport LNG, Possibly Delaying Restart
High pressures in a stretch of piping likely caused an explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline, according to federal regulators, who have proposed requirements that could ultimately delay a return to service. The Pipeline and Hazardous Materials Safety Administration (PHMSA) said the cause of the June 8 incident is…
June 30, 2022
Markets
Sell-Off in Natural Gas Forwards Fueled by Freeport LNG Outage as Bears Take Control
As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…
June 30, 2022
E&P
Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth
While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…
June 30, 2022
Markets
North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight
North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline. August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On…
June 30, 2022
E&P
Once Again, U.S. Tops in Natural Gas, Oil Production, Says BP
The United States bested all countries last year for natural gas and oil production, according to BP plc’s annual energy review. U.S. natural gas output in 2021 climbed 2.3% year/year to 934.2 billion cubic meters (Bcm), according to BP’s 71st annual Statistical Review of World Energy. Russia, in second place, produced 701.7 Bcm, and Iran…
June 30, 2022
Markets
OPEC-Plus Vows to Boost Crude Production, Offering Potential Respite for Soaring Prices
The oil-rich consortium of countries known as OPEC-plus on Thursday affirmed its intentions, first signaled earlier in June, to ramp up production in July and August. It is targeting output growth of 648,000 b/d both months. If the cartel could meet its goals, the group’s average crude generation would climb to nearly 44 million b/d…
June 30, 2022
Infrastructure
Permian Highway Green Lights Natural Gas Expansion, with Eye on LNG Markets
Permian Highway Pipeline LLC (PHP) sanctioned a 550 MMcf/d natural gas expansion project to boost capacity for the 2.1 Bcf/d West Texas to Gulf Coast system. Using additional compression, the final investment decision (FID) would boost deliveries from the Waha area of West Texas to mainline connections near Houston and Gulf Coast markets. Pending required…
June 30, 2022
Markets
Gulf Coast Oil Exports Approach Record Territory, with More Growth to Come
Crude oil export volumes from the Gulf Coast should hit an all-time high in the second quarter, but that record shouldn’t last long, according to Rystad Energy. Citing continued “depressed” U.S. oil refining capacity against pre-Covid levels, tied to refinery outages and releases from the federal Strategic Petroleum Reserve (SPR), Rystad’s shale research head Artem…
June 30, 2022Recent News
Markets
In Historic Bloodbath, Natural Gas Futures Drop $1-Plus on Storage, Freeport News
Jun 30, 2022
Markets
Sell-Off in Natural Gas Forwards Fueled by Freeport LNG Outage as Bears Take Control
Jun 30, 2022
Regulatory
In Blow to Biden Climate Agenda, Supreme Court Limits EPA Authority Over Power Plants
Jun 30, 2022
Regulatory
PHMSA Examines ‘Overpressure Situation’ at Freeport LNG, Possibly Delaying Restart
Jun 30, 2022
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
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Markets
In Historic Bloodbath, Natural Gas Futures Drop $1-Plus on Storage, Freeport News
Natural gas futures took one (actually two) on the chin Thursday as a larger-than-expected storage injection and an update regarding the Freeport liquefied natural gas (LNG) outage sent prices tumbling to levels not seen in months. The August Nymex futures contract plummeted $1.074 to $5.424/MMBtu. September lost $1.101 cents to land at $5.392. Spot gas…
June 30, 2022Regulatory
In Blow to Biden Climate Agenda, Supreme Court Limits EPA Authority Over Power Plants
June 30, 2022Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Markets
North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight
North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline. August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On…
June 30, 2022Natural Gas Prices
August Natural Gas Futures Slip, but Fundamentals Still Point to More Upside
June 30, 2022Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
E&P
Once Again, U.S. Tops in Natural Gas, Oil Production, Says BP
The United States bested all countries last year for natural gas and oil production, according to BP plc’s annual energy review. U.S. natural gas output in 2021 climbed 2.3% year/year to 934.2 billion cubic meters (Bcm), according to BP’s 71st annual Statistical Review of World Energy. Russia, in second place, produced 701.7 Bcm, and Iran…
June 30, 2022Markets