Canadian Natural Gas Storage in Stout State, Leaving Abundant Supplies to Flow into U.S.

Interruptions imposed by western wildfires last summer aside, natural gas production in Canada has often averaged around 18 Bcf/d or higher in 2023. That’s roughly 1 Bcf/d more than the 2022 standard, according to Canada Energy Regulator data, and it comes at a time when demand has largely held flat amid mild weather. The result:…

Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production

Natural gas cash prices spiked early in the past week amid a blast of frigid air. But milder temperatures settled in during the weekly trading period and strong production pushed the physical market into negative territory. NGI’s Weekly Spot Gas National Avg. for the Nov. 30-Dec. 1 period shed 10.5 cents to $2.745. Conditions during…

December 1, 2023

Nationwide GHG Monitoring Strategy Launched by White House

A nationwide system to monitor and reduce U.S. emissions, initially through a two-year pilot, was given the green light on Wednesday by the Biden-Harris administration.  The goal, said officials, would advance the “U.S. commitments” made in 2015 with nearly 200 countries under the United Nations climate accord, aka Paris Agreement to reduce greenhouse gas (GHG)…

December 1, 2023

January Natural Gas Notches Modest Gain In Week’s Final Session

Nymex January natural gas futures traded near unchanged in the week’s closing session, picking up a slight 1.2 cents to a settlement at $2.814/MMBtu. Participants expected the recent blast of cold weather would drive the first substantial withdrawal from natural gas inventories but saw little additional weather-related demand to support sharper gains. At A Glance:…

December 1, 2023

December Natural Gas Bidweek Prices Mixed as Mild Forecasts, Stout Supply Blunt Some of Winter’s Impact

Natural gas prices were a mixed bag in December bidweek trading, with some support coming via the arrival of robust heating demand in northern markets and new pipeline capacity out of West Texas broadening its sales base. However, relatively balmy forecasts for early December and a hefty wall of new gas supply doused some of…

December 1, 2023