Markets

The U.S. LNG industry has appeared to emerge from a development slowdown after the Covid-19 pandemic to a boom in contracts and final investment decisions (FID) for new export projects thanks to global energy market disruptions. However, as the global market and supply chains continue adapting, rising hurdles for large-scale projects and the climate goals…

North American natural gas futures were sluggish this week, but they got a jolt on Thursday. The August New York Mercantile Exchange gas futures contract settled at $2.757/MMBtu, up 15.4 cents day/day. September was up 14.6 cents to $2.731. Analysts at NatGasWeather attributed the jump to “the weather data not backing off on one of…

The Indian economy was not immune to the economic slowdown caused by the global pandemic in 2020. As in many countries, lockdowns led to a spike in unemployment and quick drops in most measures of economic activity.

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 natural gas market in Mexico is under development. Despite deep connectivity with North America and the existence of a legal framework…

Any attempts by California to penalize oil and natural gas producers for what state leaders may consider to be excess profits will likely backfire, Chevron Corp. CEO Mike Wirth said Friday. During the first quarter conference call, Wirth was asked about a rulemaking process underway in the company’s home state. Spearheaded by Democratic Gov. Gavin…

Absent a surge in natural gas pipelines and related infrastructure, companies may struggle to get ample supplies to utilities, leaving consumers grappling with either lofty prices or the difficult decision to substantially scale back their energy consumption. Such was the warning from executives and regulators alike during CERAWeek by S&P Global. But they also emphasized…

Natural gas futures ended the week lower, with traders left uninspired by the arrival of chilly weather in the coming days across the Lower 48. With recent government inventory data pointing to continued looseness in supply/demand balances, the April Nymex gas futures contract settled Friday at $2.430/MMBtu, off 11.3 cents on the day. At A…

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. According to the Hydrocarbons Information System (SIH), part of the Comisión Nacional de Hidrocarburos (CNH), the Quesqui field in Mexico’s southeast began…

Natural gas prices are set to remain strong for September baseload gas amid domestic supply concerns and surging global prices ahead of the peak winter season, NGI’s Bidweek Alert (BWA) data showed. The majority of U.S. locations escaped wild swings month/month, but the hikes to already elevated prices are noteworthy given moderating weather across much…