Some U.S. E&Ps Said Far Ahead of Others in Cutting Oil, Natural Gas Emissions

U.S. oil and natural gas producers cut methane and overall greenhouse gas (GHG) intensity significantly in 2021, according to the latest analysis of publicly available data by the Clean Air Task Force (CATF) and its partners. The intensity of both, or a measure of emissions relative to production, declined by roughly 30% between 2019 and…

Soft Demand, Stout Supplies Bruise Weekly Natural Gas Spot Prices, Futures

Weekly natural gas cash prices lost ground for the third time in May, hampered by strong supply levels and weak demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 22-26 period fell 14.0 cents to $1.910. Conditions during the covered period were fundamentally unfavorable for bulls: Production held…

May 26, 2023

Listless Demand Sends Natural Gas Futures Lower Fifth Time in Six Sessions; Cash Prices Cascade

Natural gas futures on Friday fell a second consecutive day and for the fourth time in a dismal week for bulls. Elusive demand – both domestic weather-driven consumption and lower calls for LNG – intersected with strong production levels to keep prices in check. At A Glance: Weak consumption prevails Production tops 100 Bcf/d Strong…

May 26, 2023

Mexico LNG Buildout Poses Risks for Internal Natural Gas Market, Says Energy Policy Expert

Mexico’s decision to construct LNG plants to export natural gas may risk the country’s energy security and may be more costly than beneficial, a research associate at Columbia University’s Center on Global Energy Policy (CGEP) told NGI’s Mexico GPI. “I think that there is a risk that these projects represent a burden for Mexico’s energy…

May 26, 2023

With Production Not Backing Down, Natural Gas Forward Prices Soften Absent Summer Heat

Stubbornly high production maintained its grip on natural gas forward curves during the May 18-24 period, with June prices averaging 20.0 cents lower, according to NGI’s Forward Look. With weather-driven demand at seasonal lows and storage inventories remaining at a surplus to historical norms, forward contracts dropped 16.0 cents on average for the balance of…

May 26, 2023