market

Colder Turn in Latest Weather Data Snaps Four-Day Slide for Natural Gas Futures

In an unsurprising move, natural gas futures bounced back from a four-day decline to finish the week firmly in positive territory. With a boost from technicals, colder changes in the weather models sparked a 7.6-cent rally for the January Nymex gas futures contract, which settled at $4.132. February also climbed 7.6 cents to $4.073. At…

California Looks to Shore Up Power Supply, Possibly with Natural Gas, to Prevent Summer Outages

The California Public Utilities Commission (CPUC) on Thursday approved a series of actions to reduce the risk of power outages during extreme heat events, including possible increased natural gas-fired generation from existing plants. Following prolonged heat waves across the western United States in 2020 and 2021, the measures aim to reduce energy demand and increase…

December 3, 2021

Natural Gas, Oil Drilling Totals Steady in United States, Says BKR

The U.S. natural gas rig count went unchanged at 102 during the week ended Friday (Dec. 3), while the oil count also remained steady at 467 to leave the overall domestic tally even for the period at 569, according to the latest figures from Baker Hughes Co. (BKR). The combined 569 active U.S. rigs as…

December 3, 2021

Natural Gas Forwards Nosedive on December Warmth, But Global Prices Still Seen Posing Risks

The natural gas market returned from Thanksgiving seemingly ready to pull the plug on winter.  Amid forecasts insisting on a milder December pattern that would substantially mitigate risks of a winter supply crunch, natural gas forwards dropped sharply during the Nov. 24-Dec. 1 trading period, NGI’s Forward Look data show. Henry Hub fixed price forwards…

December 3, 2021

Opal Fuels Taking RNG Business Public in Combination with ArcLight

Opal Fuels LLC, with a growing portfolio of nationwide renewable natural gas (RNG) and landfill projects, is going public in a combination with an affiliate of energy infrastructure giant ArcLight Capital Partners LLC.  The definitive agreement announced Thursday would launch Opal, a Fortistar portfolio company, on Nasdaq under the ticker “OPL.” Co-CEOs Adam Comora and…

December 3, 2021