Eia

Natural gas futures fell again Monday, losing ground for a fourth consecutive regular session amid ongoing supply/demand imbalance concerns. The August Nymex gas futures contract lost 2.7 cents day/day and settled at $2.512/MMBtu. September slid 2.6 cents to $2.504. At A Glance: Prompt month sheds 2.7 cents U.S. production holds strong Weather demand endures Cash…

Henry Hub spot natural gas prices, on track to rise 19% month/month to average near $2.60/MMBtu in July, should continue to climb through the rest of 2023 amid strong power demand and flat production, according to updated modeling from the U.S. Energy Information Administration (EIA). Flat domestic production and a year/year increase in natural gas…

U.S. natural gas markets failed to sustain much momentum across the forward curve during the June 8-14 trading period, with July prices averaging 2.0 cents lower as widespread heat has yet to materialize, according to NGI’s Forward Look. With plump production figures still coming out and storage inventories sitting above average levels, similarly small price…

Natural gas production from the Lower 48’s top seven basins is expected to climb ever so slightly in July to about 97.34 Bcf/d, about 84 MMcf/d higher than in June, according to the U.S. Energy Information Administration (EIA). The Drilling Productivity Report (DPR) provides month/month natural gas and oil production forecasts for the Anadarko, Appalachia…

U.S. LNG exports would have an inherent but limited impact on domestic natural gas prices through the next several decades, possibly driving the Henry Hub to a range between $3.30 and $4.30/MMBtu by 2050, according to a recent U.S. Energy Information Administration (EIA) analysis. Using several scenarios and the EIA’s latest Annual Energy Outlook (AEO)…

Natural gas futures traders shrugged off continued mild weather forecasts and elevated supply data, seizing instead on a sharp drop in the weekly rig count to push prices higher for a second day. At A Glance: Bargain buying continues Rig count invigorates bulls NGI sees 110 Bcf injection Following a 7.6-cent gain to close out…

Natural gas futures found further momentum on Monday, rallying a second consecutive session amid bargain buying, hints of a potential pullback in U.S. production and wildfires that interrupted output in Canada and boosted cash markets. At A Glance: Wildfires crimp Canadian output U.S. rig count hints at slowdown Cooling demand further softens The June Nymex…

Led by incremental growth from the Haynesville Shale, natural gas production from seven key Lower 48 regions is poised to climb above 97 Bcf/d in May, updated projections from the Energy Information Administration (EIA) show. In its latest Drilling Productivity Report (DPR), published Monday, EIA said it expects combined output from seven major U.S. onshore…

Mild winter temperatures across much of the central and eastern United States reduced heating demand and dropped domestic natural gas consumption to the lowest levels in years.  Following a cold start to winter last December, benign weather prevailed over the first two months of this year. As a result, in January, U.S. natural gas consumption…