natural gas production

Strong demand from the industrial sector and the “ripple effect” of Europe’s energy crisis will be among the key factors putting upward pressure on natural gas prices this summer, according to projections from the Natural Gas Supply Association (NGSA). In its 2022 Summer Outlook, published Wednesday, the trade group predicted downward pressure from weather and…

Natural gas futures floundered for a second consecutive session on Monday, as speculative buyers moved to the sidelines following a colossal bull run to start May. A catalyst for that rally – weak production – showed signs of recovery, easing concerns about inadequate supplies to meet extreme heat-driven demand in the South. The June Nymex…

Natural gas futures retreated Friday, ending five days of frenzied rallying, as markets assessed an increase in production and traders took profits. The June Nymex gas futures contract fell 74.0 cents day/day and settled at $8.043/MMBtu. July dropped 71.3 cents to $8.128. At A Glance: Traders take profits Output inches ahead Demand drivers loom large…

Natural gas futures retreated Friday, ending five days of frenzied rallying, as markets assessed an increase in production and traders took profits. The June Nymex gas futures contract fell 74.0 cents day/day and settled at $8.043/MMBtu. July dropped 71.3 cents to $8.128. At A Glance: Traders take profits Production inches ahead Demand drivers loom large…

Federal regulators shot down a proposal by Kinder Morgan Inc. that the company said would bring transparency and liquidity to the nascent certified natural gas market. FERC late last month denied Kinder’s plan to implement a certified gas pooling service along its Tennessee Gas Pipeline (TGP). The proposal, revised and resubmitted to the Federal Energy…

Natural gas futures flirted early with a loss for the first time this week on the heels of a bearish storage report but quickly turned a corner and rallied again on Thursday as traders fixated on supply/demand imbalances. The June Nymex gas futures contract settled at $8.783/MMBtu, up 36.8 cents day/day. July rose 36.9 cents…

Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…

North American natural gas prices charged ahead this week amid worries over longer term supplies. In Mexico, meanwhile, natural gas demand is growing despite the higher prices. On Wednesday, the June New York Mercantile Exchange gas futures contract jumped 46.1 cents day/day and settled at $8.415/MMBtu. July rose 44.7 cents to $8.472. “U.S. production underwhelming,…

A day after reports surfaced that activist investor Kimmeridge Energy Management Co. LLC had taken a stake and was pushing for change, Chesapeake Energy Corp. CEO Nick Dell’Osso said Thursday he agreed the company is undervalued. Reuters initially reported that Kimmeridge took a 1.6% stake in the Oklahoma City-based independent, putting it among the largest…