JPMorgan CEO says Ukraine War Fallout Proves Essential Role of Natural Gas, Oil

For all the concern about climate change – a worry he shares – JPMorgan Chase & Co.’s chief executive said the world’s current and foreseeable energy needs cannot be met without natural gas and oil. JPMorgan’s Jamie Dimon said Russia’s war in Ukraine amplified the significant role of both energy sources. He noted the surge…

Weather Model Volatility Spooks Natural Gas Futures as Winter Storms, Low Storage Drive West Coast Cash

Natural gas futures strengthened for the third day in a row on Friday as fluctuating weather models left traders not wanting to get caught short ahead of the weekend. The January Nymex gas futures contract closed out the week at $6.245/MMBtu, up 28.3 cents on the day. February futures climbed 26.2 cents to $6.082. Spot…

December 9, 2022

Column: CFE Doesn’t Have Excess Capacity, but Lucrative Position of Opportunity

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Four years have passed since the inauguration of President Andrés Manuel López Obrador, whose speeches and value judgments permeate all segments of…

December 9, 2022

U.S. Natural Gas Drilling Total Down Two as Upstream Activity Slows

The U.S. natural gas rig count fell two units to 153 for the week ended Friday (Dec. 9), and a two-rig drop in oil activity lowered the overall domestic tally four units to 780, according to updated numbers from Baker Hughes Co. (BKR). Land drilling declined by three rigs in the United States for the…

December 9, 2022

Europe’s TTF Rises on Winter Signals, While Asia LNG Price Dips on Stable Demand

MEXICO CITY (ICIS) -- European gas prices were boosted by forecasts of colder temperatures in Europe, which supported consumption for both domestic and gas-for-power demand.

December 9, 2022