Executives at Mexico’s national oil company Petróleos Mexicanos (Pemex) said in an earnings call Monday that work toward improving natural gas use and lowering emissions is starting to pay off. Pemex reported a 42% improvement in natural gas capture in the first quarter. The company was able to use 91.6% of gas produced, flaring off…
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Articles from natural gas production
With Production Pressured, Natural Gas Futures Fly High
With production light and demand steady, natural gas futures on Friday cruised higher for the fourth time in five sessions. The June Nymex gas futures contract settled at $7.244/MMBtu, up 35.6 cents day/day. July advanced 36.1 cents to $7.355. NGI’s Spot Gas National Avg. shed 3.0 cents to $6.525, though prices were up across the…
Natural Gas Futures Advance as Market Looks for Signs of a Hot Summer
With early-season cooling demand in the southern Lower 48 offering a potential glimpse into what summer could bring, natural gas futures advanced in after-hours trading over the weekend. The June Nymex contract was up 10.4 cents to $7.348/MMBtu at around 8:40 a.m. ET Monday. Prices had initially opened strongly over the weekend, trading as high…
Natural Gas Futures Hit the Brakes on Rally, but Long-Term Bullish Outlook Intact
Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…
Antero Betting on Bullish ‘Structural Shift’ in Natural Gas Prices
Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said Thursday. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings. He…
Natural Gas Prices Pressured to Upside as Global Market Squeezed by Russia – Mexico Spotlight
Natural gas futures crossed $7.00/MMBtu again this week, and global supply worries gained traction when Russia said it was cutting off gas access to Poland and Bulgaria. Rystad Energy analysts said the action by Russia “should be viewed as a precedent.” Meanwhile, U.S. natural gas production also failed to find momentum, dropping to around 93…
Natural Gas Surges to Close Wednesday, Sending May Futures Expiring 41 Cents Higher
Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. At…
Another Rally for Natural Gas Futures as Production Sinks Further; Cash Gains Continue
Natural gas futures traders hit the pedal Tuesday, accelerating price gains after the latest production data showed another sharp decline in output. Contract expirations also played into intraday volatility along the Nymex curve, ultimately pushing the May contract up 18.1 cents to $6.850/MMBtu. June futures climbed 17.3 cents to $6.978. Spot gas prices also strengthened…
Production Drop Sends Natural Gas Futures Higher, while Chilly Weather Lifts Cash
Natural gas futures volatility continued ahead of contract expirations this week, with the May Nymex contract up early as freeze-offs in the Rockies over the weekend dented production. The prompt month traded in a nearly 50.0-cent range before settling Monday at $6.669/MMBtu, up 13.5 cents from Friday’s close. June futures rose 14.2 cents to $6.805.…
Natural Gas Futures Resume Sell-Off, while Mild Weather Sends Cash Lower
After a brief pause on Thursday, natural gas futures resumed their steep slide to close out the week amid a generally weak near-term outlook. The May Nymex gas futures contract settled Friday at $6.534/MMBtu, off a noteworthy 42.3 cents day/day. June futures fell 43.3 cents to $6.663. At A Glance: Bears regain control Chilly temps…