Prices

With inflation surging, led by lofty oil and natural gas prices in 2021, Federal Reserve policymakers this week said they would hasten their drawdown of pandemic aid and signaled they could raise interest rates multiple times in 2022. While the shift presents potential downsides for energy companies in the year ahead – notably, higher borrowing…

Click here to listen to the latest episode of NGI’s Hub & Flow podcast. In this holiday-themed episode, NGI Thought Leaders Matthew Veazey and Leticia Gonzales discuss the natural gas standby generator backlog and how utilities are dealing with natural gas price increases.  Believing that transparent markets empower businesses, economies and communities, NGI works to…

Banks that lend to natural gas and oil producers have substantially raised their price expectations for both commodities, according to the latest biannual Energy Bank Price Deck Survey conducted by Haynes and Boone LLP. The law firm conducts spring and fall editions of the survey each year to capture the expectations of energy banks for…

FERC on Tuesday issued a temporary certificate of public convenience and necessity to Spire STL Pipeline LLC, keeping the 65-mile, 400,000 Dth/d Midwest natural gas conduit in service for now following a court order vacating the project’s federal authorization. Three of the four sitting members of the Federal Energy Regulatory Commission opted to support the…

Customers are craving the conventional and alternative energy technologies proffered by Houston’s NOV Inc., with the backlog sharply higher in the second quarter. However, CEO Clay Williams told investors Wednesday that “continuing supply chain challenges” and rising costs are a concern. Williams discussed the latest results and what he sees ahead during a wide ranging…

A roundup of news and commentary from NGI’s LNG Insight  European natural gas prices set records during trading Wednesday. The prompt Dutch Title Transfer Facility contract hit an all-time high and the prompt National Balancing Point hit its highest level since 2005 amid a deepening supply crunch on the continent. Japan-Korea Marker spot prices for…

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…

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.…

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…