Outlook

Exports, Industrial Sector Seen Driving U.S. Natural Gas Demand This Winter

Exports, Industrial Sector Seen Driving U.S. Natural Gas Demand This Winter

A growing industrial sector and record-high export activity are expected to be key drivers of increased U.S. natural gas demand this winter, according to a leading trade group. Liquefied natural gas (LNG) exports are expected to grow by 16% over last winter, while pipeline exports to Mexico are expected to get an 18% boost, the…

October 7, 2021
OPEC Says More Energy Sector Investment Needed; Oil Dominance to Hold Through 2045

OPEC Says More Energy Sector Investment Needed; Oil Dominance to Hold Through 2045

Already falling short of projected demand growth, a lack of investment in the oil industry threatens to lead to further volatility and a future energy shortfall, according to the Organization of the Petroleum Exporting Countries (OPEC). In its 15th Annual World Oil Outlook (WOO) released Tuesday, the Saudi-led cartel said underinvestment remained one of the…

September 29, 2021
TotalEnergies Sees Oil Demand Plateauing, but Natural Gas Key to Energy Transition

TotalEnergies Sees Oil Demand Plateauing, but Natural Gas Key to Energy Transition

Global oil demand should plateau earlier than estimated, likely before 2030, but natural gas will continue to play a key role in the energy transition, TotalEnergies said Monday. The Paris-based multi-energy major provided its third annual short-term forecast in the Energy Outlook (EO) 2021. Ahead of the upcoming United Nations (UN) Climate Change Conference, also…

September 27, 2021
Even at $4.00, Higher Natural Gas Prices Needed, Says Raymond James

Even at $4.00, Higher Natural Gas Prices Needed, Says Raymond James

Natural gas prices crested the $4.00/MMBtu mark last week, and though the gains may have come quickly, price may need to be higher to incentivize more coal in power generation to help balance the market, according to Raymond James & Associates Inc. Coal’s share of the power generation stack would have to increase by more…

July 27, 2021
Higher Commodity Prices, Strengthening Economies Improve Outlook for Global Energy Demand, Moody’s Says

Higher Commodity Prices, Strengthening Economies Improve Outlook for Global Energy Demand, Moody’s Says

Moody’s Investors Service has upgraded its outlook for the global energy industry, citing a sustained increase in commodity prices and expectations for global economic growth to drive increased oil and gas demand over the next 12 to 18 months. The firm said it expects that, as vaccine programs become prevalent and the coronavirus outbreaks fade,…

May 3, 2021
No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie

No U.S. LNG Export FIDs Predicted in 2021, Says Wood Mackenzie

No U.S. liquefied natural gas (LNG) projects are expected to be sanctioned this year, marking the second year in a row developers may postpone moving ahead with facilities, according to Wood Mackenzie. Consultants during a webcast last week said domestic final investment decisions (FID) were unlikely as sponsors struggle to secure long-term contracts “Generally, we’ve…

March 31, 2021
Higher Natural Gas Prices Said Needed to Avoid Supply Shortage by Year-End

Higher Natural Gas Prices Said Needed to Avoid Supply Shortage by Year-End

Although the natural gas supply outlook has improved in recent weeks, analysts are steadfast in their convictions that higher prices are needed in the coming months to prevent a significant supply shortfall next winter. A Goldman Sachs Commodities Research team, led by Samantha Dart, said this week it is maintaining a $3.25/MMBtu price forecast for…

March 16, 2021
ExxonMobil Retreats on Spending, with ‘Significant’ Natural Gas Development Off The Table

ExxonMobil Retreats on Spending, with ‘Significant’ Natural Gas Development Off The Table

ExxonMobil is backing off ambitious goals to increase spending and is slicing the book value of some of its assets, particularly the U.S. dry natural gas portfolio, by up to $20 billion. Following an annual strategic review by the board in late November, the Irving, TX-based energy giant on Monday said it has revised its…

December 1, 2020
U.S. Natural Gas Prices to Average $3.30 in 2021, with Summer Even Higher, Says BofA

U.S. Natural Gas Prices to Average $3.30 in 2021, with Summer Even Higher, Says BofA

U.S. natural gas prices are forecast to average $3.30/MMBtu in 2021, with even higher prices predicted next summer, according to BofA Securities. The analyst team led by Francisco Blanch, head of commodities and derivatives research, discussed the outlook for energy overall during a webcast on Tuesday.  “The bottom line is that higher prices are needed…

November 25, 2020
Range Remaining Disciplined Despite Improving Natural Gas Outlook

Range Remaining Disciplined Despite Improving Natural Gas Outlook

Range Resources Corp. has ended production curtailments imposed in September and October in response to weak Appalachian natural gas prices, but even with an improved outlook, there are no plans to increase activity. Range cut 210 MMcf/d of natural gas production during the second half of September and most of October as Appalachian storage levels…

November 3, 2020
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