Story of the day
Natural Gas Futures Falter Following In-Line Inventory Print; Cash Prices Called Lower
E&P
Big Role for Natural Gas, Oil as World Transitions to Lower Carbon, Says Wood Mackenzie
Global energy demand is set to rise as income and population grow, with natural gas, oil and coal in 2050 still meeting more than half of total consumption, in part because of the high cost of new technologies, according to Wood Mackenzie. The consultancy’s 2023 Energy Transition Outlook (ETO) highlights the “energy challenge trinity” impacting…
September 21, 2023
Markets
Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold
A mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading period shows. With nary a hint of intimidating early season cold, at least for now,…
September 21, 2023
LNG
Europe Continues to Lean Heavily on Russian LNG Imports
Europe continues to rely on Russian LNG imports to compensate for the decline in pipeline deliveries from the country, despite calls to ban the super-chilled fuel. For the first eight months of the year, Russian liquefied natural gas exports totaled 20.58 million tons (Mt), according to Kpler. The European Union’s (EU) 27 countries imported more…
September 21, 2023
Markets
Mexico Buyers Seeing Volatility at Waha, but Natural Gas Futures in Bearish Territory – Spotlight
Bulls took the upper hand on Monday and Tuesday in the North American natural gas market, but stronger supply and mild temperatures gave bears the advantage on Wednesday and Thursday. On Thursday, the October New York Mercantile Exchange gas futures contract fell 12.3 cents day/day and settled at $2.610/MMBtu. November shed 8.1 cents to $2.840.…
September 21, 2023
Markets
Who Is Going To Be Mexico’s Next President, and What Does it Mean for Natural Gas? – Listen Now to NGI’s Hub & Flow
Mexico’s upcoming 2024 presidential election is shaping up to be a lot closer than many expect, and the result could change the face of the natural gas sector not only in Mexico and the United States, but also the world. Click here to listen to the latest episode of NGI’s Hub & Flow podcast, in…
September 21, 2023
Markets
Chevron Agrees to Mediator’s Terms in Australian LNG Labor Dispute
Chevron Corp. disclosed it has agreed to the terms of a deal with union workers at its Australia LNG facilities that was brokered by the country’s Fair Work Commission (FWC). Union workers at Chevron’s Gorgon and Wheatstone liquefied natural gas facilities in Western Australia have been escalating tactics since labor action started earlier this month,…
September 21, 2023
Natural Gas Prices
European Natural Gas Prices Forecast to Slump into Next Summer Before Market Tightens
Despite continued supply volatility over the next several years, European natural gas prices could fall next summer by 20% from current prices as high storage and soft demand play out in the market, according to Wood Mackenzie. In the consultancy’s short-term outlook report, researchers said the Dutch Title Transfer Facility (TTF) price could fall by…
September 21, 2023
E&P
Berry Expands California E&P Operations with Macpherson Takeover
Dallas-based Berry Corp. has completed a $70 million all-cash acquisition of Kern County, CA-based Macpherson Energy Corp., which builds its San Joaquin Basin production and cash flow. The exploration and production (E&P) company updated its full-year guidance based on a Henry Hub natural gas price average of $2.77/MMBtu. “This transaction is immediately accretive to Berry…
September 21, 2023
LNG
All Eyes on LNG as Natural Gas Market Seen Well Supplied Heading into Winter
LNG export demand is the primary variable to watch in the U.S. natural gas market heading into winter, according to Marex North America LLC’s Steve Blair, senior account executive. The veteran natural gas futures broker joined NGI Senior Markets Editor Kevin Dobbs on NGI’s Hub and Flow podcast to discuss the outlook for U.S. supply,…
September 20, 2023Recent News
Markets
Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold
Sep 21, 2023
Natural Gas Prices
October Natural Gas Futures Rally Fizzles as Fall Weather Cuts Demand
Sep 21, 2023
Natural Gas Prices
European Natural Gas Prices Forecast to Slump into Next Summer Before Market Tightens
Sep 21, 2023
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.
• Daily physical spot natural gas price indexes at 170+ locations
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Markets
Natural Gas Futures Falter Following In-Line Inventory Print; Cash Prices Called Lower
Natural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection. At A Glance: EIA posts 64 Bcf storage injection Production lower on maintenance Cooling demand dissipates rapidly The October Nymex gas futures contract fell 12.3 cents day/day and settled at…
September 21, 2023Mexico 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
Mexico Buyers Seeing Volatility at Waha, but Natural Gas Futures in Bearish Territory – Spotlight
Bulls took the upper hand on Monday and Tuesday in the North American natural gas market, but stronger supply and mild temperatures gave bears the advantage on Wednesday and Thursday. On Thursday, the October New York Mercantile Exchange gas futures contract fell 12.3 cents day/day and settled at $2.610/MMBtu. November shed 8.1 cents to $2.840.…
September 21, 2023Natural Gas Prices
October Natural Gas Futures Rally Fizzles as Fall Weather Cuts Demand
September 21, 2023Shale 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
Natural Gas Futures Falter Following In-Line Inventory Print; Cash Prices Called Lower
Natural gas futures fell for a second consecutive day, with cooler weather and diminished demand overshadowing hits to production and a seasonally light storage injection. At A Glance: EIA posts 64 Bcf storage injection Production lower on maintenance Cooling demand dissipates rapidly The October Nymex gas futures contract fell 12.3 cents day/day and settled at…
September 21, 2023Markets
Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold
September 21, 2023Markets