Story of the day
May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip
Natural Gas Prices
Hurricane Season Said to Potentially Test ‘Operational Limits’ of Natural Gas Storage, Infrastructure
Foreseeable risks from swelling natural gas inventories and an active hurricane season in the Atlantic Basin could bring more volatility to commodity prices in the coming months, a market expert said this week at an industry conference. The looming threat of hurricanes, which forecasters are predicting to be more frequent this season, will be “an…
April 19, 2024
Earnings
Liberty CEO Says ‘Generational Shift’ in Sight for Natural Gas as AI to Fuel Strong Demand
Liberty Energy Inc. CEO Chris Wright said Thursday he does not expect exploration and production customers to increase their onshore natural gas activity before the end of this year, but a lack of activity will not be a stumbling block to advance future opportunities. The oilfield services (OFS) company, considered one of the leading hydraulic…
April 19, 2024
Mexico
Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The recent publication of Mexico’s “Prospectivas” report by the energy ministry Sener is a significant event for stakeholders in the natural gas…
April 19, 2024
E&P
U.S. Down Three Natural Gas Rigs in BKR’s Latest Count
The U.S. natural gas rig count slid to 106 for the week ending Friday (April 19), down three rigs from the week prior and down 53 rigs year/year, according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). The addition of five rigs in the oil patch lifted the combined U.S. rig…
April 19, 2024
International
Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports
The Netherlands is expected to permanently close the huge Groningen natural gas field, the Dutch Senate announced this week. Groningen, one of the largest gas fields in Europe, caused earthquakes and damage to local communities for more than 20 years, which created debate among politicians, local residents and gas industry supporters for years about whether…
April 19, 2024
International
U.S. LNG Could Be Heading for Open Arbitrage Moment, but Shipping Challenges Persist
With geopolitical tensions in the Middle East continuing to make the Suez Canal a risky crossing, almost 20% of all U.S. LNG exports have taken the longer route around southern Africa so far this year, according to data from Kpler. After conflict in Israel and Gaza sparked off in October, the threat of rocket attacks…
April 19, 2024
E&P
North Dakota Natural Gas Production Rebounds from Winter Outages as Prices Still at Historic Lows
Natural gas production in North Dakota averaged 3.36 Bcf/d in February, up 12% month/month, according to the state’s Department of Mineral Resources (DMR). February “was a very good month for the state, recovering from the late-December/early-January winter weather,” said DMR’s Lynn Helms, Oil and Gas Division director, during a press conference. Operators captured and marketed…
April 19, 2024
Markets
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip
Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity. NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…
April 19, 2024
Earnings
From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth
Producers of natural gas may be struggling with low prices, but for pipeline operators like Kinder Morgan Inc. (KMI), the outlook is anything but bearish. The Houston-based midstreamer, which transports about 40% of the natural gas consumed in the United States, kicked off the first quarter earnings season with stellar results and a positive message…
April 18, 2024Recent News
International
Groningen Field to Permanently Close as the Netherlands Increases Pipeline and LNG imports
Apr 19, 2024
International
U.S. LNG Could Be Heading for Open Arbitrage Moment, but Shipping Challenges Persist
Apr 19, 2024
Natural Gas Prices
Hurricane Season Said to Potentially Test ‘Operational Limits’ of Natural Gas Storage, Infrastructure
Apr 19, 2024
Markets
Slight Pullback for Natural Gas Futures Early as Shoulder Season Balances in Focus
Apr 19, 2024
Markets
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line
Apr 18, 2024Daily 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.
• Daily physical spot natural gas price indexes at 170+ locations
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Markets
May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip
Natural gas futures struggled to find direction on Friday, trading in a narrow range of gains and losses throughout the session. Favorable near-term weather forecasts and continued light production estimates were countered by export weakness and only modest improvement in supply/demand balances evidenced in the latest government inventory data. At A Glance: Output near 98…
April 19, 2024Natural Gas Prices
Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production
April 19, 2024Mexico 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
Mexico
Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The recent publication of Mexico’s “Prospectivas” report by the energy ministry Sener is a significant event for stakeholders in the natural gas…
April 19, 2024Markets
Natural Gas Futures Hold Onto Weather-Driven Gains as Storage Print Comes In-Line
April 18, 2024Natural Gas Prices
May Natural Gas Futures Jump After Storage Print Lands Near Expectations
April 18, 2024Shale 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
Markets
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip
Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity. NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…
April 19, 2024