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Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 18, 2020
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

June 18, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.

June 18, 2020
July Natural Gas Futures Down Slightly Following In-Line Storage Injection

July Natural Gas Futures Down Slightly Following In-Line Storage Injection

The U.S. Energy Information Administration (EIA) reported an injection of 85 Bcf natural gas storage for the week ending June 12, a reading that was in line with the averages of major polls.

June 18, 2020
PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.

June 17, 2020
Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.

June 17, 2020
IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

Mexico oil production is likely to stay near April levels through 2021, with the natural decline of legacy fields operated by national oil company Petróleos Mexicanos (Pemex) offsetting any production gains at the firm’s so-called priority fields, the International Energy Agency (IEA) said Tuesday.

June 17, 2020
Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48

Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48

Denver-based Extraction Oil & Gas Inc. announced Sunday it has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing the impacts of Covid-19 and low commodity prices on its business.

June 16, 2020
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage

LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage

Editor’s Note: Enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, export tracking, shipping costs, and other market-driven news and data. For more information, click here.

June 16, 2020
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