Eia

Natural gas spot prices at Henry Hub will average roughly $9/MMBtu during the fourth quarter before retreating to around $6 on average in 2023 amid rising domestic production, according to the latest projections from the Energy Information Administration (EIA). Spot prices at the national benchmark averaged $8.80 in August, versus $7.28 in July, the agency…

The Energy Information Administration reported a 61 Bcf injection into natural gas storage inventories for the week ending Aug. 26, in line with expectations ahead of the report. After a softer start to Thursday’s session, Nymex natural gas futures recovered ahead of the latest government inventory data. The October contract was trading about 14 cents…

Production of ethane, a natural gas liquid (NGL), should grow by about 9% in the United States during the second half of 2022 compared to first-half levels, according to an Energy Information Administration (EIA) forecast. “Ethane is consumed almost exclusively as a feedstock in petrochemical plants known as steam crackers to produce ethylene, a precursor…

The U.S. Energy Information Administration (EIA) said natural gas inventories for the week ending Aug. 19 rose by 60 Bcf, right on target with estimates ahead of the report. Natural gas futures traders didn’t quite know how to act with no surprises in the latest EIA data, with prices waffling within a few cents of…

U.S. crude inventories fell by 7.06 million bbl for the week ending Friday (Aug. 12), a much larger draw than expected, the Energy Information Administration (EIA) said. In the weekly petroleum report issued on Wednesday, EIA said the inventory declined compared to a build of 5.5 million bbl in the previous week. The American Petroleum…

Natural gas price volatility hit an all-time record earlier this year and remains elevated on weather-driven demand and soaring LNG exports, among other factors, according to the Energy Information Administration (EIA).  EIA said volatility, a measure of how much daily prices change, reached its highest level in 20 years in February. The 30-day historical volatility…

Natural gas production from seven key U.S. onshore regions is set to surge to slightly shy of 94 Bcf/d from August to September, with the largest share of incremental output growth expected from the Haynesville Shale, according to updated projections from the Energy Information Administration (EIA). Total natural gas output from the seven regions tracked…

Brent crude oil prices are on track to average $105/bbl this year, with recent trends showing a sharp drop-off in prices over the past month, the Energy Information Administration (EIA) said in updated forecasting published Tuesday. Between July 1 and Aug. 4, prices at the global crude benchmark fell $17.51, while front-month West Texas Intermediate…

Natural gas production from seven key U.S. onshore regions is set to rise 748 MMcf/d month/month to just over 93 Bcf/d in August, according to updated modeling from the Energy Information Administration (EIA). The Appalachian Basin and the Haynesville Shale are poised to experience the most natural gas output growth from July to August, with…