Top Global Oil, Natural Gas Producers Set Bigger Targets to Cut Carbon, Methane Intensity

A dozen of the world’s largest oil and natural gas producers, whose goal when they came together was to cut emissions from their upstream businesses, have increased the targets for methane and carbon to 2025. The CEO-led Oil and Gas Climate Initiative (OGCI), launched in 2014, said Tuesday it has set more stringent targets to…

Weekly Natural Gas Prices Sputter as Bearish Weather Patterns Arrive

Weekly natural gas cash prices gave up ground amid mild temperatures and light cooling demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 20-24 period dropped 55.0 cents to $4.770. Temperatures moderated throughout the Midwest, East and parts of the western United States during the week, leaving comfortable…

September 24, 2021

Despite Onset of Shoulder Season, October Natural Gas Futures Extend Robust Revival

Natural gas futures rallied for a second day on Friday as the potential for supply constraints outweighed mild autumn weather and modest near-term domestic demand. Impending front-month expiration also factored in, analysts said. At A Glance: Futures surge a second straight day Domestic weather demand tapers Global supply challenges in focus The October Nymex contract…

September 24, 2021

GOM Activity on The Mend, But Natural Gas Drilling Slows in U.S.

U.S. natural gas drilling activity eased lower during the week ended Friday (Sept. 24), while ongoing recovery in the Gulf of Mexico (GOM) helped lift the overall domestic rig count higher for the period, according to updated numbers from Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week,…

September 24, 2021

LNG Demand in Latin America Continues Pulling Spot Cargoes Off the Market

Latin American liquefied natural gas (LNG) demand has had a record year in 2021 and it is not letting up, tightening a global gas market that has sent prices spiking around the world. Imports of LNG into Latin America for the first eight months of the year added up to 10.44 million tons, according to…

September 24, 2021