Story of the day
Former FERC Chairman Chatterjee Sees LNG Permit Pathways Improving, but DOE Pause Clouds Outlook
Markets
Even as Production Falls, Natural Gas Futures Fail to Extend Rally a Fifth Session; Cash Prices Climb
Price bulls, galvanized by continued production drops, powered natural gas futures close to a fifth consecutive gain on Wednesday before they fizzled in afternoon trading amid profit-taking. The June Nymex gas futures contract ultimately settled at $2.187/MMBtu, down 2.0 cents day/day. At A Glance: Output slips close to 95 Bcf/d Weather to shift in bears’…
May 8, 2024Earnings
NFE Expects First Cargo From Offshore Mexico LNG Project in June
New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April. NFE management in the first quarter earnings report said that the first cargo could be loaded at the liquefied natural gas facility in June. The company previously…
May 8, 2024Markets
Rally Running Out of Steam for NatGas Futures; Cash Mixed — MidDay Market Snapshot
Natural gas futures were lower through midday trading Wednesday, retreating sharply from early highs as the market continued to wrestle with a mixed fundamental outlook underscored by an enduring storage overhang. Here’s the latest: June Nymex futures down 2.4 cents to $2.183/MMBtu as of 2:11 p.m. ET; July off fractionally at $2.469 The rally that…
May 8, 2024Earnings
Williams CEO Says Natural Gas Demand Accelerating, but ‘Oversupplied’ Market Needs to be ‘Patient’
Williams executives are expecting strong growth for natural gas consumption in the years ahead, but said those levels of demand may not come “quite as quickly as a lot of people think,” and, in one case, that demand was not enough to overcome opposition to a pipeline project. “Natural gas demand is not just growing…
May 8, 2024Trending News
