Exports

September natural gas futures sunk on Thursday after a higher-than-expected storage build and forecasts for moderating heat amplified demand and containment concerns as fall approaches. In its first trading day on the books as the prompt month, the September Nymex contract shed 10.1 cents day/day and settled at $1.829/MMBtu. October fell 8.8 cents to $1.991. …

Natural gas traders couldn’t bear the scorching temperatures any longer, as heat indexes surged above 100 degrees across the United States and boosted forward prices for the July 23-29 period, according to NGI’s Forward Look. With the prospect of improving export demand and lower gas production in the months ahead, prices for the winter and…

President Trump rallied West Texas oil and natural gas workers on Wednesday afternoon during a visit to Midland, in the heart of the Permian Basin, touting American energy dominance and claiming the industry is not only back on track but expanding. The campaign speech of sorts came during a brief visit after the president toured…

U.S. pipeline supply to Mexico surging to record highs During the July 20-24 period, the United States exported nearly 6.4 Bcf/d to Mexico Spot prices advanced, led by jumps in California and West Texas August natural gas futures rebounded Tuesday amid news of continued robust exports to Mexico and a varied weather outlook that anticipates…

Covid-19 has created near-term challenges, but Baker Hughes Co. has seen positives as its remote services capabilities expand to serve customers. In addition, the outlook for global natural gas continues to be solid, CEO Lorenzo Simonelli said Wednesday. Simonelli shared second quarter results and insight on the opportunities and challenges ahead during a conference call…

Expectations for strong near-term cooling needs buoyed gas prices New indications that U.S. exports could recover later in 2020 proved another positive Fallout from the coronavirus remains a major wildcard August natural gas futures gathered momentum on Tuesday, buoyed by expectations for strong near-term cooling demand and new indications that U.S. exports could recover later…

Absent other demand catalysts, a modest pullback in the intensity of heat expected by forecasters was enough to push down August natural gas futures on Monday as coronavirus concerns and worries about meager export levels lingered. The August Nymex contract declined 7.7 cents day/day and settled at $1.641/MMBtu. Futures were off more than 10 cents…

Coming off a sharp surge from the prior week, natural gas forwards sputtered a bit during the July 9-15 period as spiking coronavirus cases across the United States threatened continued economic and energy demand recovery, according to NGI’s Forward Look. Meanwhile, higher oil prices have incentivized producers to return to the oil patch, resulting in…

Even as the coronavirus rages on, impacting both natural gas demand and production, pipeline natural gas exports from the United States to Mexico continue to show strength. On July 8, U.S. piped exports to Mexico hit the 6.2 Bcf/d mark, the highest level ever reached in cross-border flows in a single gas day, according to…