Leticia Gonzales

Mother Nature had her own bag of April Fools tricks Monday as a late-season chill filled the air across much of the country, sending gas demand higher to start the week. With reported production coming in lower as well, the Nymex May gas futures contract rose 4.6 cents to settle at $2.708, while June climbed 3.6 cents to $2.749.

Federal authorities had a busy Friday with a pair of orders that pushed further along the regulatory process two U.S. liquefied natural gas (LNG) facilities being proposed as part of a second wave of export projects.

Downward momentum revved up a notch for natural gas forward prices during the March 21-27 period as spring tightened its grip on the country at the same time that Lower 48 production has rebounded to levels not seen since December. April tumbled 11 cents on average, while May and summer strip (April-October) prices fell similarly, according to NGI’s Forward Look.

Liquefied natural gas (LNG) exports are inching another step closer for Sempra Energy’s Cameron LNG facility in Louisiana after federal regulators on Wednesday approved introducing hazardous fluids and feed gas, as well as other commissioning activities, at Train 1.

After a sharp retreat down to the $40/bbl range in 2018, Brent crude oil prices are back above $60, and two key dates this spring could provide the momentum to drive prices even higher than currently forecast.

Downward momentum revved up a notch for natural gas forward prices during the March 21-27 period as spring tightened its grip on the country at the same time that Lower 48 production has rebounded to levels not seen since December. April tumbled 11 cents on average, while May and summer strip (April-October) prices fell similarly, according to NGI’s Forward Look.

Just as midstream companies are leaving no stone unturned in their efforts to alleviate oil and natural gas pipeline bottlenecks in the Permian Basin, Enbridge Inc. is looking to repurpose one of its diluent pipelines to offer relief to the oil takeaway problem in Western Canada.

The Department of Energy (DOE) Office of Fossil Energy is accepting comments through May 18 on an application to export liquefied natural gas (LNG) worldwide from one of three proposed facilities on the tip of Texas near the Mexico border.

Spring may be in the air — and the natural gas market in the doldrums — but higher prices are on the way later this year and next amid tighter storage balances and a steep ramp-up in liquefied natural gas (LNG) exports ahead of next winter, according to Barclays Commodities Research.