supply/demand

Demand for natural gas is expected to prove greater this winter than last, based on projections for colder temperatures in the northern United States and a higher overall level of heating degree days (HDD), analysts at the American Gas Association (AGA) said Tuesday. At the same time, demand for U.S. exports – both via pipeline…

Since the dawn of the shale revolution, periodic estimates of technically recoverable U.S. natural gas resources have trended upward. Until now. That is a key takeaway from the latest installment of the “Future Supply of Natural Gas in the United States,” an authoritative assessment issued biennially by the Potential Gas Committee (PGC). Last week, the…

A shrinking storage deficit and fading risks for a frigid start to the U.S. heating season saw front-month natural gas forwards fall sharply during the Oct. 15-20 trading period, NGI’s Forward Look data show. A 51.2-cent decline in November Henry Hub fixed natural gas prices for the period triggered losses of comparable magnitude at hubs…

Looming winter freezes could drive elevated demand for natural gas in parts of the northern United States, while festering drought conditions in the Southwest could fuel consumption when weather heats up next spring to offset lighter hydropower. Elsewhere, demand could prove lighter than normal. These were among the takeaways from the National Oceanic and Atmospheric…

With demand mounting and global supply in catch-up mode, oil prices are likely to climb in the second half of 2021 and hold strong for several years, as economies around the world recover from the coronavirus pandemic and drive up energy needs, analysts at Raymond James & Associates Inc. said Monday. The analysts, including John…

Demand for ethane as a feedstock for petrochemical manufacturing is rebounding along with the global economy. Expanded capacity and tanker fleets are helping to meet that demand, fueling record export levels, according to the U.S. Energy Information Administration (EIA). Ethane is separated from natural gas at processing plants along with other natural gas liquids (NGL)…

On the strength of exports and domestic consumption, natural gas spot prices at Henry Hub are expected to average $2.78/MMBtu in the second quarter and $3.05 for 2021 overall, the U.S. Energy Information Administration (EIA) said Tuesday. The updated projections, published in the May edition of the agency’s Short-Term Energy Outlook, represent a modest increase…

Click here to listen to a recent episode of NGI’s Hub & Flow podcast. Senior Editor Leticia Gonzales chats with NGI Senior Systems Engineer Nate Harrison about the changes in toilet paper consumption since Covid-19 and how similar changes in natural gas use have altered supply/demand balances. Believing that transparent markets empower businesses, economies and…