Market

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. War in Europe…

The liquefied natural gas (LNG) shipping market is expected to tighten in the coming years as carrier owners fill charters and older, higher emitting vessels are pushed out of the market, Flex LNG Ltd. CEO Øystein Kalleklev said. One-year term charter rates have risen since the start of the year as global LNG demand has…

Leading natural gas marketers collectively lost ground with sales volumes in 1Q2021, continuing a two-year trend of year/year declines, according to NGI’s Top North American Natural Gas Marketers rankings. The 25 gas marketers included in NGI‘s latest quarterly assessment reported combined sales transactions of 126.06 Bcf/d for the first quarter. The 23 covered companies with…

Dragged lower after a bearish government inventory report, natural gas futures plunged on Thursday after rallying more than 7.0 cents into the expiration of the June contract a day earlier. The July Nymex contract, in its debut as the front month, dropped 6.9 cents day/day and settled at $2.958/MMBtu. It had closed above $3.00 on…

Signs of spring point to lighter demand Traders continue to weigh anemic storage pulls Production recovers faster than demand from Texas storm The hangover of another anemic government inventory assessment weighed down natural gas futures on Friday. The April Nymex contract fell 6.8 cents day/day and settled at $2.600/MMBtu. It marked the seventh time in…

EIA reported an injection of 8 Bcf natural gas into storage Further improvement in weather-driven demand fueled gains Continued strong LNG levels also provided price support Further gradual improvement in weather-driven demand expectations and continued strength in export levels offset a bearish storage report and boosted natural gas futures on Friday.  The December Nymex contract…

Persistently anemic weather-driven demand and weak spot prices once again weighed down natural gas futures on Friday, marking a fifth-consecutive day of losses and culminating a brutal week that saw the prompt month give up nearly 50 cents in total. The December Nymex contract shed 5.4 cents day/day and settled at $2.888/MMBtu on Friday. January…

BREAKING: U.S. EIA reports a natural gas withdrawal of 36 Bcf from storage for the week ending Oct 30, exceeding market expectations Natural gas futures fell for a third consecutive day Weak weather demand eclipsed robust liquefied natural gas levels Natural gas futures fell for a third consecutive day Wednesday as mild fall weather and…

Weather models struggling with chillier outlook Production higher as offshore output returns following Hurricane Delta Cash prices mixed as heat continues out West Natural gas futures headed lower Tuesday as morning weather models shifted warmer. Production moved considerably higher as well, sending the November Nymex gas futures contract down 2.6 cents to $2.855. December slipped…