natural gas

December Natural Gas Futures Sustain Rally as Global Supply Worries Intensify

December Natural Gas Futures Sustain Rally as Global Supply Worries Intensify

Natural gas futures on Tuesday rallied with vigor amid continued strength in U.S. exports of liquefied natural gas (LNG) and renewed concerns about European supplies that sent global gas prices higher. At A Glance: Futures surge for a second straight day Russian supplies to Europe called into question Spot prices jump on storms in West…

November 17, 2021
Another California City — San Diego — Phasing Out Natural Gas Use

Another California City — San Diego — Phasing Out Natural Gas Use

The city of San Diego, CA’s climate action plan is seeking to reach net zero carbon emissions by 2035 in part by phasing out natural gas use in new and existing buildings. Under the draft 2021 plan, natural gas would be banned in building construction starting in 2023, with an all-electric requirement in place at…

November 17, 2021
Colombia’s Ecopetrol Upping Oil, Natural Gas Production, Increasing Capex

Colombia’s Ecopetrol Upping Oil, Natural Gas Production, Increasing Capex

Colombia’s state oil company Ecopetrol SA has recovered from a production blip in the second quarter and is upping capital expenditures (capex) for 2022 executives said during a recent conference call. Months of anti-government protests starting in late April hampered oil and gas activity in the country in the first half of this year. However,…

November 16, 2021
Oversold Natural Gas Futures Recover Ground Lost Amid Demand Uncertainty

Oversold Natural Gas Futures Recover Ground Lost Amid Demand Uncertainty

Natural gas futures forged higher on Monday, marking a sharp reversal from the prior trading session, as domestic production tapered and European demand for U.S. exports held steady. At A Glance: The prompt month tacked on 22.6 cents Demand outlook remains dubious U.S. exports of LNG expected to hold strong Coming off a 35.8-cent sell-off…

November 16, 2021
Fitch Warns of Turmoil in Mexico Power Sector if AMLO Reform Passes

Fitch Warns of Turmoil in Mexico Power Sector if AMLO Reform Passes

A proposed regulatory overhaul of Mexico’s energy sector would cause havoc for private power generators as all of their supply contracts with non-state offtakers would be cancelled, according to analysts at Fitch Ratings Inc. Through a bill sent to the lower house on Sept. 30, President Andrés Manuel López Obrador is seeking to restore the…

November 15, 2021
Momentum Proves Elusive for December Natural Gas Futures

Momentum Proves Elusive for December Natural Gas Futures

Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. The December Nymex contract declined 35.8 cents day/day and settled at $4.791/MMBtu. January fell 36.5 cents to $4.880 on Friday. Futures had…

November 15, 2021
December Natural Gas Futures Finish Rough Week on Sour Note; Cash Advances

December Natural Gas Futures Finish Rough Week on Sour Note; Cash Advances

Progress proved fleeting for natural gas futures, with prices slumping Friday amid weather demand uncertainty, elevated production and renewed Russian vows to ramp up supplies to Europe, a key destination for U.S. exports. At A Glance: Futures fail to sustain momentum Demand outlook remains dubious Spot prices get a late-week boost The December Nymex contract…

November 12, 2021
U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA

U.S. Natural Gas Prices to Remain High Through Winter as Exports Surge, Says EIA

U.S. natural gas spot prices are set to average $5.53/MMBtu over the next few months as near-average winter inventory draws and higher liquefied natural gas (LNG) exports figure to help keep prices elevated into early 2022, the Energy Information Administration (EIA) said Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA reported an average Henry…

November 12, 2021
Natural Gas Forwards Plunge Further as Supply Improvements, Mild Weather Reduce Winter Risk

Natural Gas Forwards Plunge Further as Supply Improvements, Mild Weather Reduce Winter Risk

A persistently mild forecast continued to grip U.S. natural gas forwards markets during the Nov. 4-10 period, extending losses across the curve as supply neared pre-pandemic highs. December prices plunged an average of 97.0 cents, with losses upward of $2.00/MMBtu in the Northeast amid the comfortable weather pattern and weak cash pricing, NGI’s Forward Look…

November 12, 2021
December Natural Gas Futures Bounce Back With Winter Demand on the Horizon

December Natural Gas Futures Bounce Back With Winter Demand on the Horizon

Natural gas futures on Thursday snapped a four-day losing streak, pushed higher by hints of colder weather, solid demand for U.S. exports and gains in European prices. The December Nymex contract settled at $5.149/MMBtu, up 26.9 cents day/day. January jumped 27.1 cents to $5.245. At A Glance: Futures advance for first time this week Demand…

November 12, 2021