Price

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.

April 9, 2020
More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

More E&P Defaults Appear Likely from Coronavirus and Low Demand, with Blurry Outlook for OFS Sector

A potential deal on Thursday to end the oil price war between Russia and the Organization of the Petroleum Exporting Countries is likely not enough to stanch the fallout from Covid-19 in North America’s oil and natural gas industry, with one Lower 48 pioneer said to be on the cusp of declaring bankruptcy.

April 9, 2020
Natural Gas Production Growth to Reduce Henry Hub to $2.79 This Year, $2.78 in ’20, Says EIA

Natural Gas Production Growth to Reduce Henry Hub to $2.79 This Year, $2.78 in ’20, Says EIA

Strong growth in domestic natural gas production is expected to draw down prices through next year, with Henry Hub spot averaging $2.79/MMBtu in 2019 and $2.78 in 2020, according to the Energy Information Administration (EIA).

May 7, 2019
EIA Nudges 2018 Henry Hub NatGas Price Forecast Higher: $3.12/MMBtu

EIA Nudges 2018 Henry Hub NatGas Price Forecast Higher: $3.12/MMBtu

Growing natural gas exports and domestic gas consumption will help push Henry Hub prices to an average $3.13/MMBtu this month and $3.12/MMBtu in 2018, according to the Energy Information Administration (EIA).

December 12, 2017

Weather Models Suggest Incoming Cold; December Seen 4 Cents Higher

December natural gas is expected to open 4 cents higher Thursday morning at $2.93 as weather models suggest a pattern leading to additional cold. Overnight oil markets were mixed.

November 2, 2017

Fund Short Covering In Play; November Called 3 Cents Higher

November natural gas is set to open 3 cents higher Friday morning at $2.90 as weather forecasts also call for cooling in the Midwest, although the East continues warm. Overnight oil markets were mixed.

October 20, 2017

Trading Range Intact; October Seen 2 Cents Higher

October natural gas is expected to open 2 cents higher Friday morning at $2.95 as weather models show warmth extending out into October and traders mull a long position. Overnight oil markets were mixed.

September 22, 2017

Mexico’s First Monthly NatGas Price Index Released by CRE

Mexico marketers sold natural gas at an average of price $4.10/MMBtu in July, the first month since the country implemented its capacity reservation regime.

August 21, 2017

Weather Models Mostly Unchanged; September Called a Penny Higher

September natural gas is set to open a penny higher Tuesday morning at $2.81 as traders see little significant change in temperature forecasts and technicians see the bearish luster fading. Overnight oil markets eased.

August 8, 2017

Traders Have $2.65 In Sight, Yet September Called A Penny Higher

September natural gas is set to open a penny higher Tuesday morning at $2.80 as traders see only minimal changes to the temperature forecasts and mull an ongoing storage surplus contraction. Overnight oil markets retreated.

August 1, 2017
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