Story of the day
Natural Gas Futures Search for Direction as Momentum Sways from Bulls to Bears
Markets
Natural Gas Prices Hit Wall, but Narrowing Storage Surplus Trend Points to Likely Catalysts Ahead
Traders over recent sessions fixated on rising natural gas production estimates and a government inventory print that exceeded market expectations. This cut off a late-spring price rally over the past week. The July Nymex futures contract took over as the prompt month on Thursday and shed 9.4 cents. It fell further intraday on Friday. However,…
May 31, 2024
E&P
U.S. Drilling Activity Steady as Natural Gas Count Finishes at 100
The U.S. natural gas rig count increased by one to make it an even 100 for the week ending Friday (May 31), while a one-rig decrease in the oil patch left the combined domestic tally unchanged at 600, according to updated numbers published by Baker Hughes Co. (BKR). The 100 active domestic natural gas rigs…
May 31, 2024
E&P
Equinor, Troll Partners Plan $1B Natural Gas Production Expansion to Meet European Demand
Equinor ASA and its partners in Norway’s Troll field plan to invest more than $1.1 billion in the western part of the production area to sustain high levels of natural gas exports to Europe beyond 2030. Norway’s largest oil and gas producer plans to present to Norway’s Ministry of Energy a plan from the Troll…
May 31, 2024
Markets
Shifting Fundamental Forecasts Send Weekly Cash Natural Gas Lower, July Futures Drift
Weekly natural gas cash prices retreated with demand easing as extreme heat and volatile weather gave way to milder conditions. Futures pared earlier steep losses into the week’s end as supply and demand fundamentals shifted. In the Memorial Day-shortened workweek, NGI’s Weekly Spot Gas National Avg. for May 28-30 sank 23.0 cents to $1.550/MMBtu. As…
May 31, 2024
Mexico
Mexico’s New President Must Prioritize Electricity Grid Investment, Expert Says
On Sunday, June 2, Mexicans are headed to elect a new president at a time when the country has experienced nationwide power outages throughout May due to unseasonable heat and a surge in electricity demand. “Regardless of who wins, both candidates face the same challenge, which is to increase investment in the electricity system,” said…
May 31, 2024
International
Qatar Bullish on More LNG Supply Contracts Despite Growing Global Natural Gas Competition
Worldwide demand for LNG has driven buyers to sign more than 25 million metric tons/year (mmty) in supply contracts in the last year for Qatar’s next generation of export projects. Looking into the rest of 2024, QatarEnergy CEO and Energy Minister Saad-al-Kabbi said in early May he is “confident” the state-owned firm would sign more…
May 31, 2024
Natural Gas Prices
Potentially ‘Extraordinary’ Hurricane Season Nears, with Natural Gas Demand and Prices Said Vulnerable
If forecasts prove accurate, natural gas production and demand could each prove susceptible to an exceptionally active hurricane season – though the latter is likely more vulnerable, analysts said. The National Oceanic and Atmospheric Administration (NOAA) said in its May outlook that it predicted eight to 13 hurricanes and 17 to 25 named storms. When…
May 30, 2024
Power Generation
‘Magnificent Seven’ Tech Companies Roping Sites, Natural Gas and Renewables Supply to Corral AI Data
Mega-tech operators are in pursuit of land and power generation to supply the stampede of data center facilities set to be built across the United States, which may translate into higher natural gas consumption. The forecasts for new power generation to fuel hyperscale data centers are all over the map. Many operators are eyeing underutilized…
May 30, 2024
International
Argentina Wades Into Crowded Spot Market to Meet Winter Demand – Three Things to Know About the LNG Market
NO. 1: Argentina’s Enarsa PDV SA has purchased eight spot LNG cargoes as it grapples with a cold snap ahead of winter in the Southern Hemisphere, which begins next month. The buy tender closed on Tuesday with offers from Engie SA, Glencore plc, RWE AG, Trafigura Pte. Ltd., TotalEnergies SE and Vitol Inc., according to…
May 30, 2024Recent News
Natural Gas Prices
Natural Gas Futures Slightly Higher, Cash Floundering Ahead of Weekend — MidDay Market Snapshot
May 31, 2024
International
Qatar Bullish on More LNG Supply Contracts Despite Growing Global Natural Gas Competition
May 31, 2024
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
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Markets
Natural Gas Futures Search for Direction as Momentum Sways from Bulls to Bears
July Nymex natural gas futures were little changed Friday as the market continued to assess the potential impacts of shifts in weather and production. At A Glance: Futures notch 1.5 cent gain Supply/demand trends change Cash weighed down by weather The front-month contract drifted between modest gains and losses before settling at $2.587/MMBtu, up 1.5…
May 31, 2024Natural Gas Prices
As Production Returns, Natural Gas Forwards Sink, Appalachian Basis Diffs Widen
May 31, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Mexico
Mexico’s New President Must Prioritize Electricity Grid Investment, Expert Says
On Sunday, June 2, Mexicans are headed to elect a new president at a time when the country has experienced nationwide power outages throughout May due to unseasonable heat and a surge in electricity demand. “Regardless of who wins, both candidates face the same challenge, which is to increase investment in the electricity system,” said…
May 31, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Markets
Shifting Fundamental Forecasts Send Weekly Cash Natural Gas Lower, July Futures Drift
Weekly natural gas cash prices retreated with demand easing as extreme heat and volatile weather gave way to milder conditions. Futures pared earlier steep losses into the week’s end as supply and demand fundamentals shifted. In the Memorial Day-shortened workweek, NGI’s Weekly Spot Gas National Avg. for May 28-30 sank 23.0 cents to $1.550/MMBtu. As…
May 31, 2024