natural gas demand

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…

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…

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…

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…

Steady calls for U.S. exports and global supply worries outshined a robust government inventory print and forecasts for light domestic demand, sending natural gas futures higher on Thursday. At A Glance: The prompt month jumps 39 cents Supply concerns intensify in Europe Domestic demand fades The November Nymex contract, a day after shedding 40.3 cents…

U.S. natural gas futures facing Mexican buyers and sellers were a roller coaster this week as prices jumped early in the week as October rolled off the board followed by a dive on Wednesday when November took over as the front month. “Markets are very, very nervy,” a Mexico City-based trader told NGI’s Mexico GPI.…

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. At A Glance: Futures eclipse $5.700 threshold Cash surges The October contract expires Tuesday The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off…

Looming front-month expiration helped spark a massive surge in natural gas futures prices in early trading Monday. The expiring October Nymex contract was up 32.4 cents to $5.464/MMBtu at around 8:50 a.m. ET; November was up 32.8 cents to $5.528. At A Glance: Futures surge a second straight day Global supply challenges are in focus…

This week saw an ebbing in the price surges of the past month, but Mexican buyers of natural gas are gearing up for a potentially precarious winter season. “This winter is gonna be very different from previous years for sure, as we haven’t had this tight of a market in a very long time,” Refinitiv…