Henry Hub price Dec 3

Natural Gas Poised for Continued Growth Under Biden, Experts Say

The domestic and global outlook for natural gas remains relatively bright under a Joseph R. Biden Jr.  presidency, despite increasingly negative sentiment toward fossil fuels, according to experts. Although the president-elect is calling for a carbon-free power sector by 2030, gas-fired generation is needed to accommodate growing penetration of intermittent wind and solar energy in…

Natural Gas Futures Regain Pulse Following Massacre, but Weather Looks ‘Increasingly Unfriendly’

After Thursday’s bloodbath, natural gas futures rebounded a bit on Friday even as weather models continued to add warmth to the December outlook. The January Nymex gas futures contract finished the week at $2.575/MMBtu, up 6.8 cents day/day. February picked up 7.1 cents to reach $2.586. Spot gas prices were mixed, with the most notable…

December 4, 2020

Natural Gas Longs Scurry for Exits, Send Forward Prices Crashing Lower

Wrapping up one of the warmest Novembers in U.S. history, natural gas winter forward prices plunged during the Nov. 25-Dec. 2 period as the weather outlook for December grew milder, according to NGI’s Forward Look. January prices averaged 18.0 cents lower over the period, which included the extended Thanksgiving holiday, while the balance of winter…

December 4, 2020

Natural Gas Rig Count Down Two; Oil Growth Propelling Rise in U.S. Drilling

The U.S. natural gas rig count dropped two units to 75 for the week ending Friday (Dec. 4), while another week of growth in the oil patch lifted the overall domestic count higher, according to the latest figures published by oilfield services provider Baker Hughes Co. (BKR). The United States saw a net increase of…

December 4, 2020

Energy Majors, Utilities Back Biden’s Call to Enact Bipartisan Climate Legislation

A broad group of major corporations, including a slew of energy producers and utilities, is lining up with the incoming Biden administration to urge bipartisan action by Congress on “climate solutions.” In a letter to Congress and Joseph R. Biden Jr.’s transition team, more than 40 companies said they support the United States rejoining the…

December 4, 2020