LNG

Soaring temperatures are increasing expectations that this month will prove one of the hottest Julys on record Natural gas futures advanced for the third straight trading day Cash prices climbed alongside the summer heat Soaring summer temperatures and increasing expectations that this month will prove one of the hottest Julys on record boosted natural gas…

Continuing economic sluggishness brought on by Covid-19 mitigation efforts is weighing down demand for natural gas, but there could be a price uptick on the horizon, according to the U.S. Energy Information Administration (EIA). Henry Hub spot prices are expected to average $2.46/MMBtu in 4Q2020, bringing the 2020 average to $1.93/MMBtu, EIA said in its…

Despite signs of increased production and decreased liquefied natural gas levels, natural gas futures surged Monday Forecasts continued to put the current month on pace to challenge 2011 and 2012 as the hottest July on record Spot prices surged across the Lower 48 Despite signs of increased production and decreased liquefied natural gas (LNG) demand…

Latest storage build lower than analysts’ expectations The injection reflected stronger cooling demand and power burns Spot prices gave up ground ahead of the holiday weekend A continued strong showing for July heat in the latest forecasts helped lift natural gas futures sharply higher in early trading Monday. The August Nymex contract was up 8.5…

Natural gas futures advanced Thursday after the latest storage build came in below analysts’ average expectations and indicated that intensifying summer heat had started to drive stronger cooling demand and power burns. The August Nymex contract rose 6.3 cents day/day and settled at $1.734 /MMBtu. September rose 6.4 cents to $1.785.  NGI’s Spot Gas National…

Houston-based McDermott International Ltd. has emerged from voluntary bankruptcy and cleared nearly all of its $4.6 billion debt off the books. The engineering, procurement and contracting (EPC) giant, which launched restructuring through Chapter 11 early this year, emerged with a $2.4 billion letter of credit capacity and $544 million of funded debt. “We will continue…

BREAKING: U.S. EIA reports injection of 65 Bcf for the week ending June 26 LNG feed gas demand was down notably Wednesday Forecasts continued to call for strong heat through mid-July Markets will next turn to Thursday’s storage report Natural gas futures lost momentum Wednesday following two days of solid gains, after a disappointing drop…

Officials in Mexico celebrated the launch of the U.S.-Mexico-Canada Agreement (USMCA) on Wednesday, as the revamped North American Free Trade Agreement (NAFTA) treaty took effect after years of negotiations.  “This is going to be one of the motors of the relaunch of the Mexican economy,” Mexican Finance Minister Arturo Herrera said in a virtual address.…

Natural gas futures lost momentum Wednesday following two days of solid gains, after a disappointing drop in liquified natural gas (LNG) feed flows amplified concerns that supply/demand balances are largely dependent on extreme heat. The August Nymex contract declined 8.0 cents day/day and settled at $1.671/MMBtu. September fell 6.8 cents to $1.721. The August contract…