Eia

The Energy Information Administration (EIA) on Thursday reported a storage withdrawal in line with market expectations, and the already surging February contract continued unabated.

Production of natural gas and oil from the nation’s seven most prolific onshore unconventional plays, which has been on the upswing throughout 2017, is expected to increase again in the first month of 2018 compared with December, according to the Energy Information Administration (EIA).

The Energy Information Administration (EIA) reported a net withdrawal from natural gas storage Thursday that was slightly bullish to market expectations but not enough to break the bear’s grip on the market.

The Energy Information Administration (EIA) reported a net injection into U.S. gas stocks for the week ended Dec. 1, a bearish miss on what was already a bearish consensus leading up to the report.

Natural gas and oil production from the nation’s seven most prolific onshore unconventional plays will increase by an estimated 1.3% in December compared to November, marking the 12th consecutive month of upswing, according to the Energy Information Administration (EIA).

For a third consecutive month, U.S. dry natural gas production increased year/year (y/y) in August to 2.28 Tcf, a 1.6% increase from August 2016, but production through the first eight months of 2017 still trails last year, according to the Energy Information Administration (EIA).

Henry Hub natural gas spot prices this year and next will be lower than previously forecast, according to the Energy Information Administration (EIA), which now predicting an average of $3.03/MMBtu for 2017 and $3.19/MMBtu next year.

For the second consecutive month, U.S. dry natural gas production increased year/year (y/y) in July to 2.28 Tcf, a 0.5% increase from July 2016, while liquefied natural gas (LNG) exports have more than doubled, according to the Energy Information Administration (EIA).

Worldwide natural gas consumption is projected to increase to 177 Tcf in 2040 from 124 Tcf in 2015 and account for the largest increase in fossil fuel consumption, but renewable energy resources are picking up the pace, the U.S. Energy Information Administration (EIA) said Thursday.