NGI Evening Natural Gas Price & Markets Coverage

Natural Gas Futures Sputter on Weather, LNG Demand Uncertainty

Natural gas futures struggled to maintain momentum early Friday as traders tried to determine whether liquefied natural gas (LNG) and weather demand would be enough to ward off a toppling of storage inventories by the end of October.  With an increasingly chillier weather pattern emerging for the end of the month, the November Nymex gas…

Natural Gas Futures Called Lower Amid ‘Complicated’ Forecast, Unclear Outlook for Cameron LNG

As traders tried to decipher a “murky” outlook for the timing of restored export volumes out of the Gulf Coast, natural gas futures were down several cents in early trading Monday. The November Nymex contract was off 5.0 cents to $2.723/MMBtu at around 8:50 a.m. ET. Analysts at EBW Analytics Group attributed heavy selling in…

October 19, 2020

U.S. Adds One Natural Gas Rig as Oil Drilling Surges

The U.S. natural gas rig count climbed one unit to finish at 74 for the week ending Friday (Oct. 16), while a surge in oil activity saw the overall domestic drilling tally rise by double digits, the latest numbers from Baker Hughes Co. (BKR) show. Driven by a 12-rig increase in oil-directed rigs, the combined…

October 16, 2020

FERC Approves Double E Natural Gas Pipeline in Permian; Glick Continues Climate Objections

FERC Thursday gave the nod to the 1.35 million Dth/d Double E Pipeline LLC project that would transport natural gas produced in the Permian Basin, as part of a series of certificate decisions handed down during its monthly meeting. The Double E project would offer firm transportation service from producing areas in the Delaware sub-basin…

October 16, 2020

Schlumberger Streamlining, Building Digital Oil, Gas Prowess, but Lingering Covid-19 Poses ‘Significant Risk’

Schlumberger Ltd., the No. 1 oilfield services operator, kicked off third quarter earnings season Friday, working to demonstrate its wherewithal to retrench and streamline, but CEO Olivier Le Peuch also pulled no punches in warning that the coronavirus remains a threat to the energy industry. During a wide ranging conference call from Houston, the CEO…

October 16, 2020