enery prices

Magellan, Enterprise and ICE to Launch Houston Oil Futures Contract

Magellan, Enterprise and ICE to Launch Houston Oil Futures Contract

A new oil futures contract is coming to the Gulf Coast. Magellan Midstream Partners L.P., Enterprise Products Partners LP and Intercontinental Exchange Inc. (ICE) said Monday they would partner to create a contract for the physical delivery of crude in the Houston area. The companies said the Midland WTI American Gulf Coast contract (ICE: HOU)…

June 21, 2021
Oil Market Seen Swinging from Oversupply to Deficit in 2021 on Vaccine Rollout, Boosting WTI Price

Oil Market Seen Swinging from Oversupply to Deficit in 2021 on Vaccine Rollout, Boosting WTI Price

The new year could see the global oil market swing from its current state of oversupply to some of the highest monthly supply deficits in years as the rollout of Covid-19 vaccines propels a recovery in demand, according to experts. Raymond James & Associates Inc. analysts said Monday they expect “hefty” crude oil inventory draws…

January 4, 2021
Shell Eyeing $15-22B in 2Q Impairments from Covid-19’s Crushing Impact to Demand, Prices

Shell Eyeing $15-22B in 2Q Impairments from Covid-19’s Crushing Impact to Demand, Prices

Royal Dutch Shell plc expects to impair up to $22 billion in the value of its global natural gas and oil assets for the second quarter, citing the challenges from Covid-19 that have slammed commodity prices and energy demand. The supermajor said it was adapting “to ensure the business remains resilient.” A revised forecast for…

June 30, 2020
Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.

Higher Canadian Natural Gas Prices Seen Limiting Exports to Western U.S.

Imports of Canadian natural gas supplies through the western United States were subdued in April and May amid higher prices north of the border, according to the U.S. Energy Information Administration (EIA).

June 19, 2020
U.S. Drops Three Natural Gas Rigs as Upstream Activity Continues Search for Bottom

U.S. Drops Three Natural Gas Rigs as Upstream Activity Continues Search for Bottom

The U.S. natural gas rig count fell three units to 75 as upstream activity continued on its recent downward trajectory during the week ending Friday, the latest Baker Hughes Co. (BKR) data show.

June 19, 2020
Continental Bringing Back Some Curtailed Oil Production in July as Oil Prices Strengthen

Continental Bringing Back Some Curtailed Oil Production in July as Oil Prices Strengthen

After curtailing output by 70% in May in response to a pandemic-driven market downturn, Continental Resources Inc. said Thursday it would bring some production back in July, although about 50% of output is to remain offline.

June 19, 2020
COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública

COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.

June 19, 2020
July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the week in positive territory as mid-range forecasts for more heat outshined persistently weak demand for liquefied natural gas (LNG) amid fallout from the coronavirus pandemic.

June 19, 2020
Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Rains and relatively mild temperatures across much of the eastern half of the Lower 48, along with festering fallout from the coronavirus pandemic, curbed weekly spot gas prices for the June 15-19 period.

June 19, 2020
PG&E Fined Following Guilty Plea for Camp Fire Tragedy

PG&E Fined Following Guilty Plea for Camp Fire Tragedy

After pleading guilty to 84 counts of involuntary manslaughter and another count of starting a deadly fire in Paradise, CA in 2018, the sentencing of Pacific Gas and Electric Co. (PG&E) on Thursday was anticlimactic, with the court only imposing a fine of about $3.4 million. A restitution hearing is scheduled for early next year.

June 19, 2020
‹ Previous 1 2 3 900