Prices

LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

LNG 101: How Europe’s Carbon Market Drives Demand for Natural Gas Imports

European carbon prices have soared in 2021, reaching heights not seen since the continent’s emissions trading system (ETS) was established in 2005 and signaling what could be a longer-term trend across a region looking to further tighten climate regulations. Carbon prices hit a record by crossing the 50 euros per metric ton mark in early…

June 3, 2021
Brent Forecast to Slide to $61 Later in Year, but Henry Hub Prices Higher, Says EIA

Brent Forecast to Slide to $61 Later in Year, but Henry Hub Prices Higher, Says EIA

Brent crude oil prices are set to average $65/bbl during the second quarter before declining to $61 for the second half of 2021, the Energy Information Administration (EIA) said in the May edition of its Short-Term Energy Outlook (STEO). In the report, published Tuesday, EIA said Brent prices averaged $65 in April, unchanged from March.…

May 12, 2021
Ring Energy Steps Up Permian Drilling in NWS as Oil Prices Rebound

Ring Energy Steps Up Permian Drilling in NWS as Oil Prices Rebound

Permian Basin pure-play Ring Energy Inc. is accelerating plans to drill up to eight wells this year on its Northwest Shelf (NWS) acreage amid a rally in oil prices, the CEO said Wednesday. “We were originally thinking that we were going to pick up a drilling rig to start our next campaign sometime in the…

March 17, 2021
April Natural Gas Futures Falter Ahead of Storage Report, Looming Spring Temperatures; Cash Cruises

April Natural Gas Futures Falter Ahead of Storage Report, Looming Spring Temperatures; Cash Cruises

Natural gas futures failed to find footing on Wednesday, seesawing between small gains and losses throughout the session before ultimately ticking down amid mild temperatures across the country and a dearth of new price catalysts. The April Nymex contract settled at $2.816/MMBtu, down 2.3 cents day/day and snapped a two-day win streak to start the…

March 3, 2021
Mexico Natural Gas Imports Dip in February Amid Texas Freeze; Prices, Production Down in January

Mexico Natural Gas Imports Dip in February Amid Texas Freeze; Prices, Production Down in January

Natural gas pipeline flows from the United States to Mexico averaged 5.3 Bcf/d in February, roughly 380 MMcf/d lower month/month (m/m) and 100 MMcf/d higher year/year (y/y), according to preliminary figures from Wood Mackenzie.  Liquified natural gas (LNG) sendout from Mexico’s Altamira, Manzanillo and Energía Costa Azul import terminals averaged 263 MMcf/d, about 240 MMcf/d…

March 2, 2021

Fog Disrupts Gulf Coast LNG Traffic — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Fog disrupted operations at ports along the Gulf Coast Tuesday, limiting traffic at some LNG terminals. Pilot service was suspended on the Sabine-Neches Waterway and the Calcasieu Ship Channel (CSC), according to Moran Shipping. Service resumed later in the day on the CSC.  Feed gas…

February 9, 2021
Natural Gas Futures Whipsaw After EIA Storage Figure Points to Shrinking Surplus

Natural Gas Futures Whipsaw After EIA Storage Figure Points to Shrinking Surplus

Natural gas traders appeared to have a bit of sellers’ remorse on Thursday, quickly sending futures prices higher after an initial dip ahead of the latest government storage report.  After slipping to a $2.734/MMBtu intraday low, the March Nymex futures contract settled Thursday at $2.935, up 14.6 cents on the day. April jumped 11.7 cents…

February 4, 2021
Natural Gas Futures Kick off New Year with Solid Gain; Spot Prices Jump

Natural Gas Futures Kick off New Year with Solid Gain; Spot Prices Jump

Natural gas futures advanced Monday – the first trading session of 2021 – building on the nearly 12-cent gain to finish last year, with U.S. liquefied natural gas (LNG) exports strong, production flat and the weather-driven demand outlook improved. The February Nymex gas futures contract settled at $2.581/MMBtu, up 4.2 cents day/day. March rose 3.5…

January 4, 2021
Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from the 15-day outlook.  With any opportunity for truly cold weather not expected before the middle of next month, the January Nymex gas futures contract settled Monday at $2.305/MMBtu,…

December 28, 2020
LNG Dip, Pandemic Worries Keep January Natural Gas Futures in Check; Spot Prices Sink

LNG Dip, Pandemic Worries Keep January Natural Gas Futures in Check; Spot Prices Sink

Despite favorable weather news, natural gas futures traded sideways Monday as worries mounted over a still-surging coronavirus pandemic and its potential impacts on economies and energy demand. The January Nymex contract settled at $2.705/MMBtu, up a half-cent day/day. February ticked up eight-tenths of a cent to $2.689. NGI’s Spot Gas National Avg., meanwhile, declined 19.5…

December 21, 2020
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