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DT Midstream Forecasting Higher U.S. Natural Gas Prices as Rising LNG Demand Looms
Natural Gas Prices
May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat
Natural gas prices slipped lower in May bidweek trading as the month’s expected uptick in cooling demand was upstaged by hefty inventory levels and recent bumpy performances by Gulf Coast LNG terminals. NGI’s May Bidweek National Avg. fell 7.0 cents month/month to $1.240/MMBtu. Trading for the latest bidweek period spanned April 24, 25 and 26…
May 1, 2024E&P
Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise
Mexico’s natural gas production averaged 3.90 Bcf/d in March 2024, down from 4.35 Bcf/d in March 2023. State oil company Petróleos Mexicanos (Pemex) accounted for 3.70 Bcf/d of the total, compared to 4.13 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators supplied the remainder. Pemex…
May 1, 2024International
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion
QatarEnergy has signed another three agreements to secure even more LNG shipping, this time chartering what the company calls QC-Max vessels that would be built in China. QatarEnergy signed long-term charter party agreements for four liquefied natural gas vessels from China Merchants Group, three vessels from Shandong Marine Group and two vessels from China LNG…
May 1, 2024Markets
Natural Gas Futures Retreating as Pressure Felt from Plump Storage — MidDay Market Snapshot
Facing bearish headwinds from mild weather, weak physical market pricing and stubbornly elevated storage inventories, natural gas futures were retreating through midday trading Wednesday. Here’s the latest: June Nymex futures off 5.6 cents to $1.935/MMBtu as of 2:10 p.m. ET Market expectations coalescing around a slightly lighter-than-average injection Thursday This week’s U.S. Energy Information Administration…
May 1, 2024Trending News
Natural Gas Prices
May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat
May 1, 2024International
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion
May 1, 2024Earnings
DT Midstream Forecasting Higher U.S. Natural Gas Prices as Rising LNG Demand Looms
May 1, 2024Earnings