Story of the day
Natural Gas Futures Extend Rally as Supply/Demand Catalysts Align; Spot Prices Mixed
Earnings
Coterra Curtailing Marcellus Completions, Cautiously Awaiting Stronger Natural Gas Prices
Houston-based Coterra Energy Inc. is shifting its near-term capital spending in the Lower 48 to focus on oil and liquids-rich plays, but optionality is still in play to take advantage of a “structural change in the natural gas macro” later this year, CEO Tom Jorden said. During the first quarter conference call, Jorden said caution…
May 7, 2024Natural Gas Prices
While ‘Not Yet There,’ Technicals Point Toward a Natural Gas Futures Market Recovery
Technical indicators suggest natural gas bulls could soon take control of the market after a run higher for June natural gas futures on the New York Mercantile Exchange (Nymex). The prompt-month June futures contract first broke above the descending triangle formulation that has been constraining it since mid-February on Thursday (May 2), said NGI’s Pat…
May 7, 2024Markets
Natural Gas Futures Add to Gains Early as Production Dips on Pipe Maintenance
With falling supply amid springtime pipeline maintenance supporting the fundamental outlook for natural gas, futures added to their recent gains in early trading Tuesday. The June Nymex contract was up 1.7 cents to $2.212/MMBtu at around 8:30 a.m. ET. July was up 1.2 cents to $2.475. Daily production declined sharply in updated estimates on Tuesday…
May 7, 2024LNG
Israel Explores Diversifying Natural Gas Exports with LNG Facility
Israel is exploring options for building an onshore or floating LNG (FLNG) facility offshore, potentially expanding the country’s lucrative natural gas exports and its foothold in the global market. Over the past several years, the Israeli Energy Ministry has taken steps to use two of the country’s massive gas discoveries, the Tamar and Leviathan fields,…
May 6, 2024Recent News
Natural Gas Prices