Goldman

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.

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.

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.

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.

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.

Insurance giant The Hartford this month instituted a policy to no longer insure or invest in companies that generate more than one-quarter of their revenues or energy production from oilsands or coal.

A major attack on Saudi Arabia’s oil infrastructure over the weekend rocked crude prices, sounding an alarm that markets may have previously discounted the extent of geopolitical risks to supply, according to analysts.

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.

Riverstone Holdings LLC and Goldman Sachs Group Inc. are flexing their financial muscle in the Permian Basin, agreeing to pay $1.6 billion for a portfolio of natural gas processing properties in the Delaware sub-basin of New Mexico.