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Enterprise Shakes Off Impact from Weak Permian Natural Gas Prices
Markets
Natural Gas Futures Slip Back Below $2 as Freeport’s Restart Questioned; Cash Prices Rise
Natural gas futures gave up early gains on Tuesday, trading down more than 13 cents from the day’s high as doubts about Freeport LNG’s recovery lingered and markets braced for bearish monetary policy news Wednesday. At A Glance: Freeport ramps to 38% capacity Production falls to 96.9 Bcf/d Northeast leads cash gains The June Nymex…
April 30, 2024Earnings
Pemex’s Natural Gas Production Slumps as Mature Fields Decline
Mexico’s state oil and gas giant Petróleos Mexicanos, or Pemex, reported a 7.5% year/year drop in natural gas production in the first quarter as the country’s aging offshore oil fields showed weaker output. Natural gas production, including from partners, was 3.836 Bcf/d in the first quarter, down 312 MMcf/d compared to the comparable period in…
April 30, 2024International
Prices Linked to Natural Gas Hubs Continue to Dominate Global Trade, IGU Says
Natural gas buying at prices linked to dominant benchmarks like Henry Hub, the Japan-Korea Marker and the Title Transfer Facility last year again outpaced purchases linked to oil prices in a trend being driven largely by LNG trade growth, according to the International Gas Union (IGU). Between 2005 and 2023, the share of global gas-on-gas…
April 30, 2024Markets
Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot
Uncertainty around demand at the Freeport LNG terminal had natural gas traders on a bumpy ride through midday Tuesday. Modest gains earlier in the session gave way to a steep sell-off shortly before lunchtime on the East Coast. Here’s the latest: June Nymex futures off 4.2 cents to $1.988/MMBtu as of 2:11 p.m. ET Front…
April 30, 2024Trending News
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