natural gas demand

Energy-Hungry China Could Deepen Global Natural Gas Shortage

Energy-Hungry China Could Deepen Global Natural Gas Shortage

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 18, 2021
Natural Gas Prices Continue Hot Streak as Uncertain Winter Looms – Mexico Spotlight

Natural Gas Prices Continue Hot Streak as Uncertain Winter Looms – Mexico Spotlight

U.S. natural gas forward prices for November stayed in the range between $5.00 and $6.00/MMBtu this week as European and Asian energy markets continued to pressure the global benchmarks. “Despite these prices, natural gas demand is high,” a Mexico City-based gas buyer told NGI’s Mexico GPI. Imports from the United States rose week/week. On Thursday,…

October 14, 2021
Natural Gas Futures Find New Footing to End Losing Streak

Natural Gas Futures Find New Footing to End Losing Streak

Following a steep loss to start the week, natural gas futures recovered some ground Tuesday and finished ahead on the day as traders bet that recent market selloffs were overdone. This ended a two-day losing streak dating to last week. At A Glance: Futures end two-day skid Global supply challenges could fester Outlook points to…

October 13, 2021
Natural Gas Futures Trade in 50-Cent Range, but Settle Lower; Cash Mixed on Chilly West

Natural Gas Futures Trade in 50-Cent Range, but Settle Lower; Cash Mixed on Chilly West

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 12, 2021
Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

Global Natural Gas Thirst Unlikely to be Satiated by U.S. Production

The global natural gas squeeze has been festering, but U.S. cargoes to overseas markets are unlikely to save the day as winter draws near, according to a group of industry experts. In a series of webinars hosted last week by Raymond James & Associates Inc., executives offered their views on the risks facing the gas…

October 11, 2021
Natural Gas Futures Unchanged Despite Wild Intraday Swings Following EIA Data

Natural Gas Futures Unchanged Despite Wild Intraday Swings Following EIA Data

With European natural gas prices continuing to sell off and U.S. fundamentals remaining firmly in bear territory following the government’s latest storage report, futures prices slid early. The November Nymex contract touched a $5.393/MMBtu intraday low but popped quite a bit given little change in the global backdrop, settling Thursday at $5.677, up two-tenths of…

October 8, 2021
World Energy Demand, Including Oil and Gas, Rising to 2050, EIA Says

World Energy Demand, Including Oil and Gas, Rising to 2050, EIA Says

Under current policies, oil and natural gas production will continue growing through 2050 amid rising global energy consumption driven by developing Asian economies, according to the latest long-term projections from the U.S. Energy Information Administration (EIA). In its International Energy Outlook 2021(IEO2021) report published Wednesday, the agency predicted a nearly 50% increase in global energy…

October 7, 2021
Natural Gas Futures Spike as Bearish Weather Bumps Heads with Global Supply Worries

Natural Gas Futures Spike as Bearish Weather Bumps Heads with Global Supply Worries

Natural gas futures traded above $6.000/MMBtu to start the week as global supply concerns continued to infiltrate the U.S. gas market. With domestic gas demand at a seasonal low, however, early gains were pared and the November Nymex gas futures contract settled at $5.766, still up a significant 14.7 cents from Friday’s close. At A…

October 5, 2021
Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6.2B Deal

Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6.2B Deal

Private investment firm Stonepeak Infrastructure Partners is expanding its reach in the liquefied natural gas (LNG) shipping space with the takeover of Teekay LNG in a transaction valued at $6.2 billion. The deal announced Monday would give New York-based Stonepeak access to the third-largest LNG carrier fleet in the world. Teekay owns or has stakes…

October 4, 2021
Bearish U.S. Backdrop Prompts Big Sell-Off for Natural Gas Futures; Cash Mixed

Bearish U.S. Backdrop Prompts Big Sell-Off for Natural Gas Futures; Cash Mixed

In another show of extreme volatility, natural gas futures came tumbling down on Friday as U.S. traders gave more weight to bearish fundamentals on the home front rather than escalating fears of a global supply shortage this winter. The November Nymex gas futures contract capped the week at $5.619, off 24.8 cents day/day. December plunged…

October 1, 2021
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