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SLB’s Strong International Oil, Natural Gas Business Overcomes Softer North American Activity
Markets
Natural Gas Futures Get Boost from Freeport Restart, Cool Weather-Driven Demand
Natural gas futures resumed their climb on Monday, buoyed by a recovery in Gulf Coast LNG feed gas demand above 12 Bcf/d and Lower 48 gas production staying subdued. A jump in Henry Hub cash prices also added support. At A Glance: NGI estimates 86 Bcf injection Freeport restarts LNG exports Production at 98.2 Bcf/d …
April 22, 2024Infrastructure
Mexico Lagging Behind Peer Markets in Natural Gas Storage, Report Warns
Mexico’s next government must invest in natural gas storage and pipeline infrastructure in order to keep up with rising demand and meet energy transition goals, according to a new report by the Instituto Mexicano Para la Competitividad (IMCO) think tank. Mexico is the world’s eighth largest natural gas market, with demand in excess of 8…
April 22, 2024Natural Gas Prices
Exceptionally Stout Mountain Region Natural Gas Storage Curtails Rockies Prices
Strong natural gas production in the Rockies and anemic heating demand over long stretches of the 2023-2024 winter resulted in an abundance of supply in the Mountain region and, by extension, suppressed prices. NGI’s Rocky Mtns. Regional Avg. cash prices averaged $1.235/MMBtu to finish trading last week, down from around $3.00 as the winter season…
April 22, 2024LNG
Global Natural Gas Prices Stable as Fears Ease Over Middle East Conflict – LNG Recap
Asian and European natural gas prices declined Monday as geopolitical tensions in the Middle East eased and the supply outlook strengthened. Prices were stable last week when the market shrugged off the impacts of attacks carried out by Israel and Iran. With no apparent threat to production in the Eastern Mediterranean or shipping in the…
April 22, 2024Trending News
Markets
Natural Gas Futures Get Boost from Freeport Restart, Cool Weather-Driven Demand
Apr 22, 2024Natural Gas Prices