Year

June natural gas is expected to open 3 cents higher Thursday morning at $2.17 ahead of the release of government inventory figures that are expected to give analysts early clues as to the injection season ahead. Overnight oil markets soared.

An unseasonably warm winter across its service territory and low commodity prices during the fiscal year (FY) second quarter, drove down earnings and prompted more natural gas curtailments in Pennsylvania for National Fuel Gas Co (NFG).

An unseasonably warm winter across its service territory and low commodity prices during the fiscal year (FY) second quarter, drove down earnings and prompted more natural gas curtailments in Pennsylvania for National Fuel Gas Co (NFG).

After 2015 failed to deliver the expected spike in oil and natural gas industry merger and acquisition (M&A) activity in the United States and abroad, a group of Appalachian experts is anticipating much more this year, particularly in the Marcellus and Utica shales.

The reductions in offshore capital spending have been at least as impactful as in the onshore, and the rig markets and dayrates may have a lot to digest before any substantial recovery begins.

Energy Information Administration (EIA) price forecasts for the next two years turned downward Tuesday when the agency said a warmer-than-normal winter, record inventory levels and production growth all weighed on prices. Forecasts had been firming recently.

Spot prices for liquefied natural gas (LNG) in Asia recently fell below $5/MMBtu. That’s the lowest they’ve been since 2009 and the lowest ever for this time of year — winter — when seasonal heating demand usually causes prices to peak, Bank of America Merrill Lynch (BofA) analysts said in a note Thursday.

Higher-than-expected end-of-winter inventories will pressure natural gas prices through this year, but in 2017, look for a higher breakout, according to Barclays Capital.

Eight oil and gas fields in the U.S. Gulf of Mexico (GOM) came online last year, four are slated to start up this year and two more ramp up in 2017, all signs that offshore output should hit record highs next year, the Energy Information Administration (EIA) said Thursday.