natural gas demand

Natural gas prices on Friday forged ahead for the third time in four days, buoyed by global supply fears imposed by Russia’s invasion of Ukraine, surging European prices and the related prospect of a protracted period of record demand for U.S. liquefied natural gas (LNG).   The April Nymex gas futures contract spiked 29.4 cents day/day…

Even with growth in renewables, natural gas and petroleum are expected to supply most of the energy consumed in the United States through 2050, according to updated long-term forecasting from the Energy Information Administration (EIA). In its Annual Energy Outlook (AEO) 2022 report, published Thursday, the agency said renewables would represent the fastest-growing U.S. energy…

This week was a manic time in natural gas markets globally, and Mexico was not without its share of drama. Last Friday, Mexico’s Cenagas declared a rare critical alert on the Sistrangas national pipeline system, which meant some users would see natural gas restrictions. The alert was related to problems at a gas processing center…

Natural gas futures prices fell on Monday as weather gained the upper hand early in the trading session despite intensifying concerns regarding the Russia-Ukraine conflict. After reaching a $4.683/MMBtu intraday high, the April Nymex futures contract settled 6.8 cents lower at $4.402. May futures slipped 6.5 cents to $4.420. At A Glance: Milder weather sends…

Natural gas futures prices fell on Monday as weather gained the upper hand early in the trading session despite intensifying concerns regarding the Russia-Ukraine conflict. After reaching a $4.683/MMBtu intraday high, the April Nymex futures contract settled 6.8 cents lower at $4.402. May futures slipped 6.5 cents to $4.420. Spot gas prices also continued to…

April natural gas futures plummeted Friday as temperatures are expected to moderate in the coming days after the latest freeze across the county. On its first day at the front of the Nymex strip, the April futures contract settled at $4.470/MMBtu, off 9.8 cents on the day. May slipped to $4.485. At A Glance: Global…

April natural gas futures plummeted Friday as temperatures are expected to moderate in the coming days after the latest freeze across the county. On its first day at the front of the Nymex strip, the April futures contract settled at $4.470/MMBtu, off 17.1 cents on the day. May slipped to $4.485. At A Glance: Global…

Ignited by Russia’s invasion of Ukraine, natural gas futures climbed within striking distance of $5.000/MMBtu early in Thursday’s session. Traders struggled, however, in weighing the global implications of war with more bearish domestic factors, and volatility ensued in the last half hour of trading. The March Nymex contract ultimately expired at $4.568, down 5.5 cents…

Mexican businessmen and officials expressed concern on Thursday over the potential natural gas supply and pricing impacts of Russia’s military strike on Ukraine. “We aren’t in favor of any war,” Mexico President Andrés Manuel López Obrador said Thursday. “Mexico has always been in favor of peace.”  He added that Mexico had a plan in place…