Morgan Stanley

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

October Natural Gas Futures Drop a Third Straight Day on Fading Demand Forecasts

Natural gas futures faltered on Monday, extending to three days a losing streak that materialized alongside forecasts for cooler temperatures and moderating demand.     The October Nymex contract dropped 12.0 cents day/day and settled at $4.985/MMBtu. November fell 12.4 cents to $5.022. At A Glance: Futures fall amid autumn weather Forecasts call for mild conditions Global…

September 20, 2021
Morgan Stanley Says LNG Market Rebalance Near, Raises TTF, JKM Price Forecasts

Morgan Stanley Says LNG Market Rebalance Near, Raises TTF, JKM Price Forecasts

A “rebalancing” of the global liquefied natural gas (LNG) market is closer than previously thought as supply outages linger and demand continues to grow, according to Morgan Stanley Research. The rebalancing originally pegged for 2022 has “accelerated” into 2021, analysts led by Devin McDermott said. In the United States, demand growth largely driven by LNG…

May 18, 2021

Brief — Brazos Midstream Sale

Brazos Midstream Holdings LLC and financial sponsor Old Ironsides Energy have agreed to sell subsidiaries working on developing the Permian Delaware sub-basin to North Haven Infrastructure Partners II (NHIP II) for about $1.75 billion. Closing is expected by the end of June. NHIP II is an investment fund managed by Morgan Stanley Infrastructure. After closing, Brazos would retain its name and management team, and it would operate as a portfolio company of NHIP II. Brazos is expanding cryogenic natural gas processing in West Texas, among other things. Jefferies LLC is financial adviser to Brazos, while RBC Capital Markets is financial adviser to Morgan Stanley Infrastructure.

April 9, 2018