Natural gas forward prices continued to tread water during the May 28-June 3 period, rising only a few pennies on average across the curve as summer heat started to build across the United States.
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Articles from inside
As Cristobal Approaches, Natural Gas Futures Eke Out Gain on Lower-Than-Expected Storage Build
Natural gas futures crept up early Thursday following a smaller-than-expected storage injection, but significant momentum proved difficult to gather amid ongoing demand uncertainty and the specter of a tropical storm nearing the Gulf Coast. The July Nymex contract traded in a narrow range of gains and losses throughout the day and settled at $1.822/MMBtu, up one-tenth of a cent day/day. August rose two-tenths of a cent to $1.917.
June 4, 2020
Operators Back to Work in Argentina After April’s Complete Shutdown
After being idled in April, oil and gas producers working in Argentina got back to work in May, according to press reports based on information from services company NCS Multistage.
June 4, 2020
Triple-Digit Storage Injection Sends July Natural Gas Futures Slightly Higher
The U.S. Energy Information Administration (EIA) reported an injection of 102 Bcf natural gas storage for the week ending May 29, coming in at the low end of a range of market estimates and providing Nymex futures a modest lift.
June 4, 2020
Near-Term Heat, Stronger LNG Demand Spark Rally for Natural Gas Futures
Natural gas futures climbed Wednesday as much of the fundamental supply/demand backdrop became increasingly supportive of prices. Prices rallied strongly early in the session, but then gave up some ground, leaving the July Nymex gas futures contract up 4.4 cents to $1.821. August picked up 3.9 cents to settle at $1.915.
June 4, 2020
Black Stone Selling Permian Mineral, Royalty Interests to Pay Down Debt
Black Stone Minerals LP said Thursday it has two agreements to sell certain mineral and royalty interests in the Permian Basin for about $155 million.
June 4, 2020
Bakken Blockchain Pilot Showing Promise for Oil, Gas Operators
The first pilot leveraging blockchain technology was successfully completed on five Equinor ASA wells in North Dakota’s Bakken Shale, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium said Wednesday.
June 4, 2020
As Key Industries Return, Mexico Lockdown Easing Paused by Rising Coronavirus Cases
The two-month lockdown in Mexico for the Covid-19 epidemic that began in April was devastating for the country’s economy, as well for its state oil and gas firm Petroleos Mexicanos (Pemex), but the promised end to the stay-at-home orders on Monday (June 1), turned out to be fool’s gold for many.
June 4, 2020
Despite LNG Worries, Natural Gas Futures Post Slight Gains
Natural gas futures crept up early Tuesday and hung on to a narrow advance on the day as heat took hold in the West and weekend weather forecasts trended modestly warmer, creating potential for increased air conditioner use that could begin to offset weakening demand for U.S. exports. The July Nymex contract settled at $1.777/MMBtu, up three-tenths of a cent day/day. August rose a half-cent to $1.876.
June 3, 2020
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