David Bradley

Continuing economic sluggishness brought on by Covid-19 mitigation efforts is weighing down demand for natural gas, but there could be a price uptick on the horizon, according to the U.S. Energy Information Administration (EIA). Henry Hub spot prices are expected to average $2.46/MMBtu in 4Q2020, bringing the 2020 average to $1.93/MMBtu, EIA said in its…

Both revenue sharing and energy production should be increased on the Outer Continental Shelf (OCS), according to a group of governors representing Alabama, Alaska, Louisiana, Mississippi and Texas. “As our states recover from both Covid-19 and the economic downturn, we need to build a path to recovery by looking for ways to stimulate our respective…

Residential electricity sales in the United States surged to a record high in April, while cratering in the commercial and industrial sectors, a result of measures taken to reduce the spread of Covid-19, according to the Energy Information Administration (EIA). Total electricity sales in the United States declined 4% in April compared with the same…

For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.

FERC issued an “instant final rule” Tuesday that it said ensures construction of approved natural gas projects cannot proceed until the Commission acts on any requests for rehearings.

U.S. electricity demand is expected to total 998 billion kilowatt hours (kWh) between June and August, a 5% decline compared with the same period last year and the lowest level of summer electricity consumption the country has experienced since 2009, according to the Energy Information Administration (EIA).

Demand for natural gas is expected to increase next winter and production is expected to decline, causing upward pressure on prices and resulting in Henry Hub spot prices averaging $3.08/MMBtu in 2021, according to the Energy Information Administration (EIA).

The year started as 2019 had ended for leading natural gas marketers, with 1Q2020 continuing the sales declines that have hampered the industry for four consecutive quarters, according to NGI’s Top North American Natural Gas Marketers rankings.

Demand for natural gas is expected to increase next winter and production is expected to decline, causing upward pressure on prices, resulting in Henry Hub spot prices averaging $3.08/MMBtu in 2021, according to the Energy Information Administration (EIA).