Storage 041621

Another Small Drop for Natural Gas Futures Prices as Traders Await Fresh Storage Data

Natural gas futures continued to peel back midweek as production ticked higher and export demand retreated. Staring down a softer storage injection week/week, traders sent the May Nymex futures contract down another 3.5 cents to $2.692. June slipped 2.7 cents to $2.776. Spot gas prices also declined across most of the country, but dollar-plus gains…

Halliburton Back in Black as North America Stages ‘Healthy Recovery’

Halliburton Co., which completes more onshore oil and gas wells in North America than any other operator, saw demand for its drilling services climb during the first three months of the year.  The Houston oilfield services (OFS) giant reported its quarterly results on Wednesday, with CEO Jeff Miller presiding over the conference call with analysts. …

April 21, 2021

EU Firms Up Green Investment Criteria, with Natural Gas Considered Later

The European Commission on Wednesday punted the question of natural gas as an energy transition fuel down the road as it moved closer to making official criteria for what it considers a “green” investment. The College of Commissioners reached a political agreement on the European Union (EU) Taxonomy Climate Delegated Act, which aims to provide…

April 21, 2021

Baker Hughes Raises Global LNG Demand Forecast to 2030

Baker Hughes Co. is projecting global demand growth for oil and natural gas into the second half of the year, aligned with rising demand for carbon-neutral products. “As we look ahead to the rest of 2021, we remain cautiously optimistic that the global economy and oil demand will recover from the impact of the global…

April 21, 2021

IEA Cautions CO2 Emissions to Spike in 2021 as Global Economy Emerges From Pandemic

Carbon dioxide (CO2) emissions are poised to soar in 2021 as energy use mounts alongside global economic momentum, the International Energy Agency (IEA) said in a report Tuesday. The Paris-based energy watchdog estimated that emissions would spike by 1.5 billion metric tons/year. It would mark the second-biggest increase on record and more than reverse the…

April 21, 2021