Goldman

Natural Gas Price Strength to Boost ExxonMobil’s 3Q Earnings Results

Natural Gas Price Strength to Boost ExxonMobil’s 3Q Earnings Results

ExxonMobil is looking to report better-than-expected profits for the third quarter, lifted by stronger natural gas prices. The Irving, TX-based supermajor previewed the quarterly results In a Securities and Exchange Commission Form 8-K filing. The filing provides a “perspective regarding market and planned factors affecting 3Q2022,” relative to sequential results, the company said. “These factors…

October 10, 2022
Natural Gas Forwards Plunge Following Freeport LNG News; Outage’s Duration Comes into Focus

Natural Gas Forwards Plunge Following Freeport LNG News; Outage’s Duration Comes into Focus

An explosion at the Freeport liquefied natural gas (LNG) export terminal left market participants contemplating weeks of potential demand destruction and caused a price shockwave that reverberated through the natural gas forwards market during the June 2-8 trading week. For the Lower 48 as a whole, fixed price moves were mixed in terms of the…

June 10, 2022
Goldman Forecasting $140 Oil for 3Q as Global Supply Pressures Persist

Goldman Forecasting $140 Oil for 3Q as Global Supply Pressures Persist

International benchmark Brent crude prices will average $140/bbl between July and September and hang near that level through the first half of next year, analysts at Goldman Sachs Group forecasted. That marks a substantial jump from their earlier call for global prices to average $125 in the third quarter. Prices may need to climb even…

June 8, 2022
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
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