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As Market Watches for Signs of Summer Heat, Natural Gas Forwards Retreat

As Market Watches for Signs of Summer Heat, Natural Gas Forwards Retreat

Having entered the summer cooling season at sharply elevated price levels, natural gas forwards pulled back during the May 25-June 1 trading period as the market continued to try to price in risks posed by lagging domestic inventories, according to NGI’s Forward Look. Fixed price declines of around 25-45 cents for July delivery were the…

June 3, 2022
Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching

Glencore Reports Big Coal Profits on Soaring LNG Prices, Fuel-Switching

Despite increasing efforts by major energy consumers to replace coal with cleaner fuels, volatile prices for other commodities like liquefied natural gas (LNG) have helped keep coal competitive for leading suppliers. In the latest case of high gas prices creating a boon for coal suppliers, Glencore plc reported Tuesday that 2021 brought overwhelming results for…

February 17, 2022
Volatile Natural Gas Market Led to Coal Generation Growth in 2021, Say Researchers

Volatile Natural Gas Market Led to Coal Generation Growth in 2021, Say Researchers

A new report from Rhodium Group suggested that the United States may have to play catch-up to regain progress in the fight against climate change following a year of volatile natural gas prices that led to more reliance on less expensive coal increased greenhouse gas emissions in 2021. In its report published on Monday, researchers…

January 13, 2022
November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

November Natural Gas Prices Tumble to Near $5.50 as Cold Not Yet on Radar; Cash Off

After another week of turbulent swings in the natural gas market, bulls and bears appeared ready to take a breather on Friday. November Nymex gas futures still gyrated in a more than 30-cent range, but were poised to settle nearly flat on the day before a late-session sell-off ended with the contract off 11.2 cents…

October 8, 2021
Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Fears Deepen Over Global Energy Shortage as Commodity Prices Continue Hitting Records

Concerns that the world won’t have enough energy supplies to  go around this winter appeared to deepen on Thursday as natural gas prices again set records and governments continued stepping in to ensure the lights stay on.  Coal, natural gas and even water for hydropower are in short supply. In North Asia, Japan-Korea Marker (JKM)…

September 30, 2021
October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

October Natural Gas Futures Finish with Flurry, Flirt with $6.00; Cash Prices Surge

Natural gas futures flew higher again on Monday – up more than 30 cents early — as worries about global energy supplies intensified and bulls dominated U.S. trading ahead of front-month expiration. Traders took some profits in afternoon action, but the October contract still finished in the green and up more than 70 cents over…

September 28, 2021
Chinese NOCs Plan Drilling Splurge to Increase Domestic Natural Gas, Oil Output

Chinese NOCs Plan Drilling Splurge to Increase Domestic Natural Gas, Oil Output

Drilling activity in China is expected to intensify over the next five years as the nation’s producers are under pressure to boost domestic natural gas and oil production and reduce reliance on imports. According to a recent report by Rystad Energy, China’s top three national oil companies (NOCs) are expected to spend about $123 billion…

September 27, 2021
Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…

September 9, 2021
Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says

Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says

Demand for natural gas is likely to prove strong for several more years, and the fuel should maintain its market share in the electricity mix despite a transition to renewable sources of power such as wind and solar, Raymond James & Associates Inc. analysts said. “We believe that gas-fired generation has room to grow on…

August 9, 2021
U.S. Coal Market Fundamentals Said ‘Extremely Strong’ as Natural Gas Prices Soar

U.S. Coal Market Fundamentals Said ‘Extremely Strong’ as Natural Gas Prices Soar

The coal market is witnessing a resurgence in the United States as natural gas prices skyrocket and utilities turn to coal-powered generation, according to Alliance Resource Partners LP (ARLP) CEO Joseph Craft. “Commodity prices for each of our business segments have skyrocketed to levels not experienced in several years,” Craft said as second quarter earnings…

July 28, 2021
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