Economy

Natural gas futures traded in the green much of Wednesday, lifted by colder weather trends that pointed to increased heating demand through the second half of April. Near-record liquefied natural gas (LNG) levels continued to provide price support as well. But a sixth-straight day of gains proved elusive as traders took profits late in the…

Natural gas futures on Monday advanced for a second consecutive session, boosted by continued robust liquefied natural gas (LNG) levels. The April Nymex contract settled at $2.582/MMBtu, up 4.7 cents day/day. May gained 5.3 cents to $2.619. NGI’s Spot Gas National Avg. rose 4.0 cents to $2.310, with prices up across the Rocky Mountains region…

Natural gas futures on Monday tumbled for a fourth straight day amid mild weather, demand uncertainty and steady production. The April Nymex contract settled at $2.664/MMBtu, down 3.7 cents day/day. May fell 4.1 cents to $2.698. Weak near-term weather demand also weighed on cash prices. NGI’s Spot Gas National Avg. shed 25.5 cents to $2.500.…

Natural gas futures on Monday hovered in a narrow range of gains and losses as traders weighed outlooks for mild spring weather and its dampening effect on domestic demand against a recovery in liquefied natural gas (LNG) levels. The April Nymex contract ultimately settled at $2.777/MMBtu, up six-tenths of a cent day/day, supported by strength…

The craterous impact of the Covid-19 pandemic on energy demand is likely to ripple out into the next decade, with consumption potentially not returning to pre-pandemic levels until 2029 or later, the U.S. Energy Information Administration (EIA) said in its latest long-term projections. The agency’s 2021 Annual Energy Outlook (AEO2021), released on Wednesday, projects changes…

The Texas oil and gas pipeline sector supported more than 238,000 high paying jobs and contributed more than $48.6 billion to the state in 2019, according to a Texas Tech University study. The report, by Tech’s Center for Energy Commerce at the Rawls College of Business, was commissioned by the Austin, TX-based Texas Pipeline Association…

Mexico is facing a “triple crisis” on the public health, economic and governance fronts, with worrying implications for the energy sector and few encouraging signs for the near future, according to Tony Payan of Houston’s Rice University. After posting flat growth in 2019, the world’s 14th-largest economy is projected to shrink by at least 10.5%…

President Obama said he believes the clean energy economy that developed during his eight years in the White House will be “irreversible,” due in large part to hydraulic fracturing (fracking) driving down the cost and pollution associated with power generation.

Some of Pennsylvania’s leading private and public sector economic development organizations are stepping-up their efforts to expand markets for natural gas in the state as the upstream and midstream booms of years past are increasingly giving way to more downstream opportunities.