Israel war

European natural gas prices retreated on Tuesday after the United States announced an international naval force to protect commercial and energy cargoes transiting the Red Sea. The Title Transfer Facility erased the gains it made Monday amid escalating tensions in the Middle East. The prompt month contract fell 8% to close at $10.47/MMBtu, its lowest…

Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower. At A Glance: Output below 102 Bcf/d Weather outlook mixed LNG calls holding strong Coming off a 13.1-loss on Monday – its first day as the…

Israel’s war against Hamas has created yet another turning point for North American LNG projects working to advance, particularly those in the United States, as they look to seize momentum and pitch buyers on the energy security they can provide in an increasingly volatile market. The United States and Qatar are set to drive the…

Natural gas futures rallied on Wednesday, extending a week-to-date win streak amid advancing cold in the North, strengthening spot prices and solid LNG demand. At A Glance: Production off 2023 high Colder northern weather Light injection expected The November Nymex gas futures contract gained 3.9 cents day/day and settled at $3.010/MMBtu. December rose 5.4 cents…

A roundup of news and commentary from NGI’s LNG Insight A vessel has canceled its arrival at the Idku LNG terminal in Egypt, where feed gas deliveries have been reduced by Chevron Corp.’s move to shut down the Tamar gas field offshore Israel after war broke out there earlier this month.  Egypt resumed loading cargoes…

Natural gas futures found fresh footing early Wednesday, rising 8.0 cents in morning trading, but prices ultimately slumped and the prompt month extended a losing streak to six sessions. Weather forecasts showed more demand in coming weeks and LNG feed gas volumes held strong, but abundant supplies countered. At A Glance: Analysts see moderate injection…

Bears trampled prompt-month natural gas futures again on Tuesday, extending a losing streak that dates to last week. Production estimates declined from the prior day but remained elevated, while weather forecasts tilted slightly colder but pointed to only modest demand in the weeks ahead. The November Nymex gas futures contract fell 3.0 cents day/day and…

Israel’s war against Hamas has done little so far to disrupt global natural gas supply balances, but a confluence of factors have combined in a short period of time to shatter the perceived sense of calm that had prevailed over the market heading into winter. “I don’t think fundamentals have changed at all, however, sentiment…

Israel’s natural gas business – and the regional countries it serves – may face challenges as long as the bloody conflict with the Islamist militant group Hamas continues, according to energy analysts. Following a surprise attack early Saturday, Israel declared war against Hamas. As of Thursday, close to 3,000 people had been killed, including at…