storage

European Natural Gas Storage Data Revised Lower on Missing Information

European Natural Gas Storage Data Revised Lower on Missing Information

European natural gas storage inventories are lower than previously reported after data published by Gas Infrastructure Europe (GIE) was revised late Monday to include missing information from Italian sites. GIE said in an update on its website late Monday that Snam SpA provided previously unreported data from its Stogit storage facility for a period running…

January 11, 2022
February Natural Gas Futures Lower as Light Storage Withdrawal Amplifies Demand Worries

February Natural Gas Futures Lower as Light Storage Withdrawal Amplifies Demand Worries

The U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 31 Bcf natural gas from storage for the final week of 2021. The result fell far short of the midpoint of analysts’ estimates and punctuated market concerns about weather-driven demand. The result was “super-duper bearish,” as one participant on The Desk’s online energy…

January 6, 2022
Export Demand Fuels January Natural Gas Futures Rally

Export Demand Fuels January Natural Gas Futures Rally

Natural gas prices rebounded with a flurry on Monday, driven higher by surging demand for U.S. exports of liquefied natural gas (LNG) and domestic forecasts for colder weather in the month ahead. The January Nymex gas futures contract settled at $3.834, up 14.4 cents day/day. The prompt month was up more than 20 cents in…

December 20, 2021
Natural Gas Futures Tumble as Weather Data Backs off Upcoming Cold, Adds Warmth

Natural Gas Futures Tumble as Weather Data Backs off Upcoming Cold, Adds Warmth

A chillier weekend forecast lifted natural gas futures back above $4.000/MMBtu early in Monday’s session. The gains, however, were not to last as subsequent weather data backed off the cold and sent the January Nymex gas futures contract tumbling 13.1 cents to $3.794. February slid 12.8 cents to $3.761. Spot gas prices were higher to…

December 13, 2021
Natural Gas Industry Turns Gaze to DC Summit, Opportunity for Energy Cooperation – Mexico Spotlight

Natural Gas Industry Turns Gaze to DC Summit, Opportunity for Energy Cooperation – Mexico Spotlight

All eyes in Mexico’s energy sector were on Washington, DC on Thursday as President Biden hosted Canadian Prime Minister Justin Trudeau and Mexican President Andrés Manuel López Obrador in the first summit of its kind since 2016. Ahead of the so-called “Three Amigos” summit, the Canadian Chamber of Congress, Mexican business group Consejo Coordinador Empresarial…

November 18, 2021
Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

Natural Gas Futures Tumble Further as Warm Weather Pattern Intact Despite Cooler Shift

After testing some upside in overnight trading, natural gas futures reversed course once Monday’s trading session got underway. The initial rise in prices was attributed to cooler-trending weather models, which ultimately did little to alter the overall warm theme seen this fall. The November Nymex gas futures contract slid 22.0 cents to $5.345. December fell…

October 11, 2021
November Natural Gas Futures Soar Even as EIA Inventory Report Shows Rising Storage Levels

November Natural Gas Futures Soar Even as EIA Inventory Report Shows Rising Storage Levels

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 88 Bcf natural gas into storage for the week ended Sept. 24. The result barely exceeded the midpoint of analysts’ estimates, but it was not high enough to curb upward pressure on Nymex natural gas futures. Ahead of the EIA report, the November…

September 30, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
Kinder Teaming with Neste to Build Renewable Feedstock, Fuel Hub in Louisiana

Kinder Teaming with Neste to Build Renewable Feedstock, Fuel Hub in Louisiana

Kinder Morgan Inc. (KMI) is partnering with Neste to create a raw material storage and logistics hub at its Harvey, LA, terminal. The hub is to be used to help ramp up production of renewable diesel, sustainable aviation fuel (SAF) and renewable feedstock for polymers and chemicals. Neste would store a variety of raw materials…

September 16, 2021
National Fuel Gas Looks to Lower Carbon Footprint from E&P, Midstream and Utility Businesses

National Fuel Gas Looks to Lower Carbon Footprint from E&P, Midstream and Utility Businesses

National Fuel Gas Co., whose footprint extends across the country, has set a goal to lower its carbon footprint in 2030 by double-digits across the exploration, midstream and utility segments.  The goals were announced recently in the company’s 2020 Corporate Responsibility report, which provided a review of environmental, social and governance (ESG) metrics. The diversified…

September 16, 2021
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