Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.
Tag / enery prices
Subscribeenery prices
Articles from enery prices
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas
Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.
PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties
Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.
Weather Worries and Weak Cash Weigh Down Natural Gas Futures
Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.
IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020
Mexico oil production is likely to stay near April levels through 2021, with the natural decline of legacy fields operated by national oil company Petróleos Mexicanos (Pemex) offsetting any production gains at the firm’s so-called priority fields, the International Energy Agency (IEA) said Tuesday.
Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged
Range Resources Corp. on Friday pleaded no contest to charges brought by the Pennsylvania Attorney General’s (AG) Office and a statewide grand jury as part of a two-year criminal investigation into unconventional oil and natural gas development.
Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48
Denver-based Extraction Oil & Gas Inc. announced Sunday it has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing the impacts of Covid-19 and low commodity prices on its business.
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage
Editor’s Note: Enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, export tracking, shipping costs, and other market-driven news and data. For more information, click here.
NGI The Weekly Gas Market Report
Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices
Appalachian natural gas heavyweight Antero Resources Corp. said Monday it has closed an overriding royalty interest (ORRI) transaction with Sixth Street Partners LLC that will result in proceeds of up to $402 million.
Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures
Following last Friday’s sell-off, natural gas futures gave up further ground Monday on modestly cooler weather forecasts and lingering concerns about the coronavirus pandemic and its impact on industrial energy demand. Persistently low liquefied natural gas (LNG) volumes also continued to weigh on markets.