Goldman

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021

Vessel Departs Freeport LNG After Prolonged Outage — The Offtake

A roundup of news & commentary from NGI’s LNG Insight The vessel LNG Alliance departed Freeport LNG early Tuesday, one week after Tropical Storm Nicholas knocked out power and halted operations at the Texas export terminal.  Power was restored. However, it’s unclear whether all three trains were operating at the terminal after one tripped during…

September 21, 2021
October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

September 20, 2021
European Industrial Blackouts Said Possible This Winter Amid Soaring Natural Gas Prices

European Industrial Blackouts Said Possible This Winter Amid Soaring Natural Gas Prices

Some of Europe’s industrial power consumers could face blackouts this winter if natural gas prices climb any higher, analysts with Goldman Sachs Commodities Research warned this week.  European benchmarks have soared to new heights as storage inventories remain short with colder weather approaching and traders baking in a winter risk premium. Goldman analysts led by…

September 16, 2021
U.S. to Lead Global LNG Supply Growth This Summer, Says Goldman

U.S. to Lead Global LNG Supply Growth This Summer, Says Goldman

Global liquefied natural gas (LNG) supplies are expected to rise by 43 million metric tons/year (mmty) this summer with the United States in the lead, according to Goldman Sachs Group Inc. The investment bank’s analysts projected domestic LNG exports could grow by 35 mmty this summer from 2020 levels, as flows normalize. By comparison, leading…

April 6, 2021

U.S. Natural Gas Seen Moving Above $3 as Operators Shut-in Oil Wells

Domestic natural gas operators are beginning to regain control of the market and could see prices move “sustainably” above $3.00/Mcf as the U.S. oil supply declines, according to analysts.

April 13, 2020

U.S. Natural Gas Seen Moving Above $3 as Operators Shut-in Oil Wells

Domestic natural gas operators are beginning to regain control of the market and could see prices move “sustainably” above $3.00/Mcf as the U.S. oil supply declines, according to analysts.

April 13, 2020

U.S. Natural Gas Price Forecasts Evolving as Coronavirus, Oil Price Slump Roil Markets

Natural gas prices are forecast to be pressured into 2021, with potential relief as associated output falls on reduced oil drilling and more coal-to-gas switching, according to analysts.

March 26, 2020
Global Fears Spread to Domestic Markets as Coronavirus Hammers WTI, Stocks

Global Fears Spread to Domestic Markets as Coronavirus Hammers WTI, Stocks

The coronavirus reasserted its influence over the Lower 48 oil price outlook Monday as reports of new cases of the disease outside of China stoked fears both at home and abroad over the outbreak’s impact on global economic activity.

February 24, 2020
Oil Prices, Stocks Plunge as Fear Spreads Alongside New Coronavirus Cases

Oil Prices, Stocks Plunge as Fear Spreads Alongside New Coronavirus Cases

Oil futures and stock markets fell sharply Monday as reports of new cases of the coronavirus outside of China raised fears over the potential impacts of the outbreak on global economic activity.

February 24, 2020
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