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Volatile Natural Gas Markets Forecast for 18 Months or Longer, Along with More U.S. LNG Export Projects

The U.S. natural gas markets are going to see big swings for at least the next year and a half, with production volumes exiting this year at about the same rate as when the year began, according to an IHS Markit expert. IHS Markit’s Jack Weixel, senior director of the Gas, Power and Energy Futures…

Latest U.S. Natural Gas Resource Appraisal Bucks 14-Year Trend

Since the dawn of the shale revolution, periodic estimates of technically recoverable U.S. natural gas resources have trended upward. Until now. That is a key takeaway from the latest installment of the “Future Supply of Natural Gas in the United States,” an authoritative assessment issued biennially by the Potential Gas Committee (PGC). Last week, the…

October 24, 2021

Weekly Natural Gas Prices Extend Downward Slide Amid Benign Weather Conditions

Weekly natural gas cash prices gave up ground amid mild temperatures and light demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the October 18-22 period shed 38.5 cents to $4.850. That followed a 34.5-cent drop the previous week. Conditions were comfortable across most of the country for a majority…

October 22, 2021

Natural Gas Bulls Power Forward Amid Colder Forecast Tilt, Drive November Futures Higher

Natural gas futures forged higher on Friday as forecasts suggested mild fall weather and its dampening effect on demand could shift colder next month. The November Nymex contract settled at $5.280/MMBtu, up 16.5 cents day/day. December gained 11.5 cents to $5.461. At A Glance: Forecasts point to stronger demand Storage supplies mount through autumn Cash…

October 22, 2021

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Management of refining giant Valero Energy Corp. painted a bullish picture for oil products demand on Thursday, citing low inventories and surging global natural gas prices among factors boosting healthy crack spreads for U.S. refineries. “Refining margins were supported by strong recovery in product demand coupled with product inventories falling to low levels during the…

October 22, 2021