NWS

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

Colder shifts in weather forecasts for mid-November outweighed the potential for increased storage injections, propelling natural gas futures on Monday. At A Glance: Prompt month jumps 67 cents Cash prices recover in West Texas Analysts expect stout storage injection After losing ground to close out last week, the December Nymex gas futures contract climbed 67.1…

Heating demand could prove stronger this winter than last, given National Weather Service (NWS) forecasts for colder temperatures in northern markets. But robust production levels this fall should help balance prices and meet domestic market needs and increased international demand for LNG. That assessment is according to the American Gas Association’s (AGA) winter outlook, delivered…

Forecasts for dramatic warm-up after this week’s snowy, chilly week sent natural gas futures prices tumbling on Monday. The November Nymex gas futures contract plummeted 45.4 cents to $5.999/MMBtu, while December futures dropped 34.8 cents to $6.479. At A Glance: Weather models agree on warmth’s return Production recovers above 100 Bcf/d Chilly temperatures seen through…

Natural gas futures continued to climb on Wednesday despite starkly bearish near-term fundamentals, including the potential for a record fall storage injection. After hitting a $7.022/MMBtu intraday high, though, the Nymex November gas futures contract settled Wednesday at $6.930, up only 9.3 cents day/day. December futures climbed 6.2 cents to $7.236. At A Glance: 100-plus…

Woodside Petroleum Ltd. management said a combination of maintenance, weather and geopolitical tensions impacted its oil and gas production and sales during the first quarter. However, heightened prices – especially for liquefied natural gas (LNG) – kept revenues strong. The Australian producer saw a mix of boons and setbacks with its gas businesses during the…