natural gas markets

ExxonMobil is looking to report better-than-expected profits for the third quarter, lifted by stronger natural gas prices. The Irving, TX-based supermajor previewed the quarterly results In a Securities and Exchange Commission Form 8-K filing. The filing provides a “perspective regarding market and planned factors affecting 3Q2022,” relative to sequential results, the company said. “These factors…

With a recession appearing more likely in 2023 and uncertainty swirling around natural gas flows from Russia to Europe, natural gas markets may be in for a bumpy ride heading into the shoulder and winter seasons. “Our baseline is that you will see a recession in 2023,” Macquarie Group Ltd.’s David Doyle, head of economics,…

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…

U.S. dry natural gas production should average 96.9 Bcf/d in April and 97.4 Bcf/d for full-year 2022, which would reflect a 3.8 Bcf/d increase over 2021 levels, according to updated forecasting from the Energy Information Administration (EIA). As the market has keyed in on supply adequacy fears and sent prices soaring well above $6.500/MMBtu this…

Mexico’s CFE International LLC (CFEi) reported a 14% year/year increase in natural gas sales transactions during 2021, even as many large marketers posted declines, according to NGI’s Top North American Natural Gas Marketers ranking. CFEi, a fuel procurement and marketing arm of state-owned power utility Comisión Federal de Electricidad (CFE), transacted 3.53 Bcf/d of gas…

In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…

Natural gas futures slipped further Friday, led lower by forecasts for benign weather through the end of December. The January Nymex contract settled at $3.690/MMBtu, down 7.6 cents day/day. A day earlier, the prompt month fell 3.6 cents. February lost 7.6 cents and closed at $3.639/MMBtu on Friday. NGI’s Spot Gas National Avg., in contrast,…

Mexico’s CFEinternacional (CFEi) reported a 13% year/year increase in marketed natural gas volumes during the third quarter, according to the latest NGI Top North American Natural Gas Marketers ranking. CFEi, the international fuel marketing arm of state power utility Comisión Federal de Electricidad (CFE), transacted 3.77 Bcf/d during 3Q, up from 3.33 Bcf/d in the…

Following through on the previous session’s prodigious rally and then some, natural gas futures soared early Friday as traders contemplated tight balances and a potential major Gulf Coast hurricane. The expiring September Nymex contract was up 18.0 cents to $4.364/MMBtu at around 8:45 a.m. ET. October was up 17.2 cents to $4.383. At 8 a.m.…