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A majority of respondents in a survey of the Texas oil and gas sector expects the West Texas Intermediate (WTI) oil price to average $30-59/bbl by next May, and most expressed a “good deal” or “great deal” of concern about Democratic candidate Joseph R. Biden Jr. becoming president in November.

With persistent concerns about global exports, cooler-leaning near-term forecasts sent natural gas forward prices down a few notches for the June 4-10 period, according to NGI’s Forward Look.

The beleaguered Mountain Valley Pipeline (MVP), one of the last major greenfield projects pending to move natural gas from the Marcellus and Utica shales, is almost at the finish line, but more delays and cost overruns are likely, according to the operator.

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.

Natural gas futures tumbled Friday as markets absorbed forecasts for cooler weather, concerns about bloated inventories and declining liquefied natural gas (LNG) volumes. The July Nymex contract settled at $1.731/MMBtu, down 8.2 cents day/day. August fell 8.5 cents to $1.815.

Cooler near-term weather patterns in key regions and a storage injection that showed still-robust surpluses weighed on weekly spot gas prices for the June 8-12 period. NGI’s Weekly Spot Gas National Avg. declined 4.0 cents to $1.570.

Appalachia pure-play CNX Resources Corp. plans to increase some of its previously curtailed natural gas production beginning in July, with additional adjustments to be made as conditions warrant.

Capital spending by global oil and natural gas explorers has collapsed to levels not seen in 15 years and could decline on average by 27% in 2020, a 3,000 basis point turnaround from the 2% increase predicted in December, according to a new survey.

An encouraging start is underway to add a private enterprise dimension to municipal government production of renewable natural gas (RNG) from urban and agricultural waste landfill sites, according to a French Canadian pioneer of the budding business field.