Eia

Physical natural gas prices for Friday delivery careened lower across a broad front in Thursday’s trading as next-day weather forecasts called for sharply cooler temperatures. Only one spot followed by NGI traded in positive territory and double-digit losses in Appalachia, the Northeast and California sent the NGI National Spot Gas Average swooning 8 cents to $2.70.

Crude oil exports have inched upward this year, reaching the highest monthly level on record of 1.1 million b/d in February, the Energy Information Administration (EIA) said Tuesday.

New natural gas export capabilities and growing domestic consumption will help Henry Hub natural gas spot prices increase from an average of $3.16/MMBtu this year to $3.41/MMBtu in 2018, according to the Energy Information Administration’s (EIA) latest Short-Term Energy Outlook(STEO).

Henry Hub natural gas spot prices will average $3.17/MMBtu this year, and new export capabilities, combined with growing domestic consumption, will help drive prices even higher, to $3.43/MMBtu next year, according to the Energy Information Administration’s (EIA) latestShort-Term Energy Outlook (STEO).

The Energy Information Administration (EIA) said this week Ohio and Pennsylvania each increased natural gas production by about 1.2 Bcf/d last year at a time when annual U.S. gas output declined for the first time since 2005.

Natural gas futures fell Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was greater than what the industry was expecting.

Lower 48 natural gas storage capacity has barely increased over the last three years due to a variety of factors, reflecting market trends that could eventually lead to a reduced reliance on storage supply during times of elevated demand, the Energy Information Administration (EIA) said in a Today in Energy note on Tuesday.

Global oil markets are facing down a “decade of disorder” if long-term supply projects aren’t put into the pipeline, a former chief of the Energy Information Administration (EIA) said Tuesday.

The physical natural gas market Thursday was a tale of the East and everyone else, as forecasts for steep dives in temperatures at the end of the week along the Eastern Seaboard prompted robust advances.