Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.
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Natural Gas Futures Snap Losing Streak With LNG Exports In Focus; Cash Prices Slide Again
Natural gas futures forged higher on Friday, bolstered by elevated LNG exports and momentum from this week’s cold shot that may have been enough to trigger the season’s first withdrawal. The December Nymex gas futures contract rose 4.3 cents day/day to settle at $3.515/MMBtu. January rose 4.5 cents to $3.795. At A Glance: December contract…
November 3, 2023
Natural Gas Bulls and Bears Play Tug-of-War After In-Line Storage Build
Natural gas futures slid for a second session Thursday after the latest government inventory data gave bulls little ammunition to counter against light demand weather forecasts and hefty production levels. Midday weather models didn’t help either, shaving off more demand, yet bulls fought on to narrow the session’s declines. Coming off an 8-cent decline the…
November 3, 2023
Natural Gas Futures Fall Second Day After In-Line Storage Report Keeps Build Trend Intact
Natural gas futures slid for a second session Thursday after the latest government inventory data gave bulls little ammunition to counter against light demand weather forecasts and hefty production levels. Midday weather models didn’t help either, shaving off more demand, yet bulls fought on to narrow the session’s declines. Coming off an 8-cent decline the…
November 2, 2023
December Natural Gas Futures Stumble as Cold Blast Seen Making Quick Exit; Cash Prices Slide
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 79 Bcf of natural gas into storage for the week ended Oct. 27. The result landed near expectations and sent Nymex natural gas futures higher to narrow earlier declines. At A Glance: BREAKING: U.S. EIA reports 79 Bcf injection Weather to warm up…
November 2, 2023
December Natural Gas Futures Float Higher After EIA Storage Injection Lands Near Expectations
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 79 Bcf of natural gas into storage for the week ended Oct. 27. The result landed near expectations and sent Nymex natural gas futures higher to narrow earlier declines. Ahead of the 10:30 a.m. ET report, December Nymex futures were trading lower by…
November 2, 2023
Natural Gas Futures Prices Fade Tuesday’s Jump as Cold Blast Set to Ease; Cash Prices Slide
Natural gas futures faltered early Wednesday, reversing much of the 22-cent jump Tuesday before bouncing and settling lower to start November trade off on wobbly footing. Weather forecasts shaved some demand expectations with the winter’s first decent cold shot across the Lower 48 set to ease by the weekend. At A Glance: Analysts see heavier…
November 1, 2023
Natural Gas Said in ‘Supply Purgatory’ in 2024 Before Deficit, LNG Export Boom Take Hold
North American natural gas markets face the risk of oversupply in 2024 if winter comes in mild amid prodigious production gains. However, the gates are set to swing open for surging LNG exports in 2025 that could support prices out to 2030, analysts said. Lower 48 gas in storage is amply supplied ahead of winter,…
November 1, 2023
Enterprise Planning $3.1B in Capital Projects to Facilitate Permian Natural Gas, NGL Growth
Enterprise Products Partners LP said Tuesday it would spend $3.1 billion on four new projects in the Permian Basin to increase midstream capacity and meet growing demand for natural gas and other fossil fuels. The new projects include two natural gas processing plants in the Delaware and Midland sub-basins, a 550-mile Bahia natural gas liquids…
November 1, 2023
U.S. Natural Gas Prices Reflect ‘Amply Supplied’ Market This Winter, but Optics Less Clear in South Central
Record power burns and elevated gas exports have halved the surplus of Lower 48 working gas in storage since the summer. However, with an expected loosening of supply/demand balances, supply risks are unlikely this winter except in the most severe cold weather scenarios, according to analysts. The storage surplus to the five-year average has fallen…
October 17, 2023