As Prompt-Month Henry Hub Surpasses $4, North American Gas Buyers Say Price Surge a Mixed Bag

Changes in regional and global natural gas pricing, along with the transition to low-carbon energy, are creating challenges and opportunities for large natural gas buyers in North America, a panel of experts agreed Wednesday (July 21). The discussion at the LDC Gas Forums-Northeast event in Boston came a day before prompt-month Henry Hub prices surpassed…

Natural Gas, Oil Found to Support Sizeable Chunk of U.S. GDP, Including Pennsylvania

Pennsylvania’s oil and natural gas industry supported 6.1% of the total jobs and 9.7% of its gross domestic product (GDP) in 2019, according to a new study commissioned by the American Petroleum Institute (API). The industry overall supported 480,000 total jobs (102,500 direct and 377,800 indirect) and contributed $78.4 billion ($39.4 billion direct and $38.9…

July 28, 2021

U.S. Coal Market Fundamentals Said ‘Extremely Strong’ as Natural Gas Prices Soar

The coal market is witnessing a resurgence in the United States as natural gas prices skyrocket and utilities turn to coal-powered generation, according to Alliance Resource Partners LP (ARLP) CEO Joseph Craft. “Commodity prices for each of our business segments have skyrocketed to levels not experienced in several years,” Craft said as second quarter earnings…

July 28, 2021

More Volatility Expected for Natural Gas Futures as Euro Model Drops Demand

With continued volatility expected headed into prompt month expiration, and with the latest weather data lowering demand expectations for the first week of August, natural gas futures hovered close to even early Wednesday. After dipping as low as $3.874/MMBtu in the early morning hours, the expiring August contract was trading 0.7 cents higher at $3.978…

July 28, 2021

August Natural Gas Futures Rally Loses Steam Ahead of Expiry; Spot Prices Sputter

Natural gas futures on Tuesday finished lower for the first time in eight sessions, as traders took profits and customary volatility near the prompt month’s expiration emerged. Markets also weighed forecasts for modestly milder weather next week, though overall strong demand and tighter storage inventories that have fueled supply concerns could support a rebound in…

July 27, 2021