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Weekly Natural Gas Spot Prices Mixed Due to Weather; Futures Soar on Tighter Balance
Markets
Natural Gas Futures Extend Rally in Week’s Closing Session
June natural gas futures surged Friday, extending a rally that brought the contract to near a four-month high as fundamentals suggest a balancing market. At A Glance: Futures up 13.1 cents Production stabilized Waha down after storm The front-month contract settled at $2.626/MMBtu, up 13.1 cents day/day. Meanwhile, NGI’s Spot Gas National Avg. tumbled 13.5…
May 17, 2024Energy Transition
Australia Looks to Couple Natural Gas Development With Net-Zero Goals
Australia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050. The latest plan assures global energy partners and foreign investors that the Australian government is a committed, reliable supplier of liquified natural gas. “It is…
May 17, 2024Mexico
Regulatory Overhaul Said Key to Upgrading Mexican Energy System
Improving Mexico’s energy fortunes may be as simple as changing the regulatory environment, experts said Thursday in San Antonio, TX. “Between banks and the capital markets, there is an infinite capacity to finance needs” in Mexico’s natural gas and energy sector, said Société Générale SA’s Adolfo Villareal, Energy Project Finance director of Corporate and Investment…
May 17, 2024E&P
No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows
The U.S. natural gas rig count held steady at 103 for the week ended Friday (May 17), while a small increase in oil-directed drilling raised the combined domestic tally one unit to 604, according to the latest numbers from Baker Hughes Co. (BKR). The 103 active U.S. natural gas rigs as of Friday compares with…
May 17, 2024Markets
Weekly Natural Gas Spot Prices Mixed Due to Weather; Futures Soar on Tighter Balance
2024-05-17 17:50:57Energy Transition
Australia Looks to Couple Natural Gas Development With Net-Zero Goals
2024-05-17 16:32:15E&P
No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows
2024-05-17 15:03:36Markets
Natural Gas Futures Bulls Seeking Strong Finish to Week — MidDay Market Snapshot
2024-05-17 14:49:43Regulatory
Gulfstream LNG Project Begins Regulatory Review Process at FERC, Secures Seed Funding
2024-05-17 12:45:13Natural Gas Prices