February natural gas is expected to open 7 cents lower Friday morning at $3.30 as traders admit any near-term advance will require additional cold weather, which for the moment is not forthcoming. Overnight oil markets rose.
Articles from Price
A tariff change that was approved by FERC on Jan. 9 and went into effect on Jan. 10 granting ISO-New England (ISO-NE) permission to base certain price thresholds on Intercontinental Exchange’s (ICE) Algonquin Gas Transmission (AGT) Citygates Non-G pricing hub, rather than on the ICE AGT Citygates pricing hub, brought to light the issue of non-liquidity and its impact on daily business.
With oil and natural gas prices rising and rigs coming off the stacks, the U.S. energy sector is poised for a comeback of sorts in 2017, but operators still face headwinds that may hinder growth.
The London School of Economics and Political Science (LSE) has published a paper showing what many in the oil and gas industry already suspected: the proliferation of hydraulic fracturing (fracking) has made U.S. manufacturers more competitive.
Natural gas forwards markets wiped out last week’s gains, plunging some 16 cents on average between Oct. 14 and 20, as the market continues to wait for cold weather to arrive and grapples with record storage inventories.
Even as supplies tighten, ample production from U.S. unconventional drilling will pressure commodity prices for years to come, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.
North American liquefied natural gas (LNG) export developers are taking the long-term view, setting aside the pessimism that has characterized the outlook for exporting gas since the collapse of oil prices in 2014.
North Dakota oil prices and production are expected to stay down for the rest of this year as producers reallocate resources to other places, such as the Permian Basin in Texas and Oklahoma’ SCOOP (South Central Oklahoma Oil Province) and STACK (Sooner Trend of the Anadarko Basin, mostly Canadian and Kingfisher counties), according to Lynn Helms, director of the state’s Department of Mineral Resources.
August natural gas is seen opening 3 cents higher Friday morning as traders mull options strategies to cope with a rangebound market. Overnight oil markets rose.
Oil and natural gas activity across the Midcontinent “improved considerably” during the second quarter, and the outlook for future activity has turned positive for the first time this year, the Federal Reserve Bank of Kansas City said Friday.