Nymex futures heading for negative session on return from three-day weekend amid weak heating demand outlook through early March March Nymex contract off 3.2 cents to $1.577/MMBtu as of 2:35 p.m. ET; steeper losses observed for 2024 injection season contracts Euro model seeing highs of 40s and 50s for Midwest and Northeast next week, according…
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Permian Natural Gas Flows Reach Record Level, Curb Prices Amid Key Infrastructure Expansions
Surging production and new takeaway capacity paved a path for record-high natural gas supplies flowing from the prolific Permian Basin. A 550 MMcf/d expansion of Kinder Morgan Inc.’s (KMI) Permian Highway Pipeline (PHP) entered service at the start of this month and amplified Whistler Pipeline LLC’s recently completed 500 MMcf/d expansion in the Permian. “Permian…
December 12, 2023
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