Forecast

Royal Dutch Shell plc warned Tuesday of “significant uncertainty” regarding commodity prices and demand for oil and natural gas because of Covid-19, but it reiterated that liquidity remains strong.

Royal Dutch Shell plc warned Tuesday of “significant uncertainty” regarding commodity prices and demand for oil and natural gas because of Covid-19, but it reiterated that liquidity remains strong.

Amid considerable weakness in natural gas pricing, Cabot Oil & Gas Corp. will cut back to its previously disclosed maintenance capital program in 2020, a $575 million budget expected to deliver around 2.4 Bcf/d of net production this year.

Amid considerable weakness in natural gas pricing, Cabot Oil & Gas Corp. will cut back to its previously disclosed maintenance capital program in 2020, a $575 million budget expected to deliver around 2.4 Bcf/d of net production this year.

Amid considerable weakness in natural gas pricing, Cabot Oil & Gas Corp. will cut back to its previously disclosed maintenance capital program in 2020, a $575 million budget expected to deliver around 2.4 Bcf/d of net production this year.

A losing streak that continued for 12 consecutive days in the natural gas futures market weighed heavily on regional forward prices, with lackluster demand and strong production growth pushing prices down considerably at some pricing hubs.

Goldman Sachs on Friday reduced its forecast for natural gas and liquids prices for 2020-2021 because of the unrelenting onslaught in Lower 48 supplies and, barring a cold winter, lower demand.

Natural gas prices claimed higher ground in 2018 to $3.00/MMBtu-plus, as demand at times exceeded expectations, a trend that could continue unless Lower 48 production overpowers consumption, according to analysts.

The eastern United States is on the cusp of a much colder pattern that is forecast to prevail in February and continue into March because of a central Pacific El Nino, which is seen slowly weakening through summer, according to forecaster DTN.