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Appalachia, Haynesville Natural Gas Production Seen Falling into April, EIA Data Show
LNG
Granholm Says ‘Temporary’ While LNG Developers Hear ‘Pause’
While political opposition and market uncertainty continue to mount around the U.S. Department of Energy’s (DOE) pause of LNG export authorizations, Secretary of Energy Jennifer Granholm reassured energy leaders the action was a necessary, but temporary step to better policy making. During a keynote address Monday in Houston during CERAWeek by S&P Global, Granholm rolled…
March 19, 2024Natural Gas Prices
Natural Gas Technicals Suggest Price Support as Shorts Cut Bets
Natural gas markets are bouncing this week after several technical indicators flashed support, including a third week of speculators cutting net short positioning. “April has established near-term technical support in the $1.64 area here in recent days, and with slow stochastics approaching overbought territory, that should offer an additional layer of support as well,” said…
March 19, 2024Markets
Natural Gas Futures Advance Amid Late Season Cooling, Production Weakness
A cooler weather outlook and continued evidence of receding production volumes helped lift natural gas futures in early trading Tuesday. Building on a 4.8-cent rally in the previous session, the April Nymex contract was up 4.9 cents to $1.752/MMBtu as of 8:43 a.m. ET. Natural gas futures “caught a modest bid on Monday, with a…
March 19, 2024Markets
Natural Gas Futures Prices Finish Higher as Weather Provides Near-Term Support; Cash Rallies
Natural gas futures pulled back from early highs, still ending the week’s opening session with a gain as near-term cold weather that could prevent surpluses in natural gas inventories from widening further offered some support. At A Glance: Futures pare early gains Weather modestly supportive Cash markets up on cooldown The April Nymex natural gas…
March 18, 2024Trending News