Uncertainty continues to mount across the global natural gas market with key buyers from Europe to South Asia sidelined by measures to slow the coronavirus, raising questions about how suppliers across the world will respond to the possibility of an extended downturn in demand as inventories fill.
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Natural Gas Steady as EIA Data Could Show ‘First Solid Indication’ of Covid-19’s Effects
Natural gas futures were trading close to even early Thursday as traders awaited the release of weekly government storage data that could offer a glimpse at the extent of demand impacted by the Covid-19 pandemic. The May Nymex contract was off 0.1 cents to $1.586/MMBtu at around 8:40 a.m. ET.
EIA Storage Data Highlights Demand Destruction, but Uncertainty Looms Over Duration
The U.S. Energy Information Administration (EIA) reported a smaller-than-expected 19 Bcf withdrawal from storage inventories for the week ending March 27.
EIA Storage Data Highlights Demand Destruction, but Uncertainty Looms Over Duration
The U.S. Energy Information Administration (EIA) reported a smaller-than-expected 19 Bcf withdrawal from storage inventories for the week ending March 27.
NGI The Weekly Gas Market Report
Patterson-UTI Capex Down 60% and Murphy Slices More; ExxonMobil Pushing PPE Manufacturing to Combat Covid-19
The energy industry remained in turmoil Thursday as the dual threats of Covid-19 and the oil price war decimated demand, leading to more operators announcing steep capital reductions.
NGI The Weekly Gas Market Report
Patterson-UTI Capex Down 60% and Murphy Slices More; ExxonMobil Pushing PPE Manufacturing to Combat Covid-19
The energy industry remained in turmoil Thursday as the dual threats of Covid-19 and the oil price war decimated demand, leading to more operators announcing steep capital reductions.
Double-Digit Capex Cuts Continuing for E&Ps, OFS Sectors
The energy industry remained in turmoil Thursday as the dual threats of Covid-19 and the oil price war decimated demand, leading to more operators announcing steep capital reductions.
Double-Digit Capex Cuts Continuing for E&Ps, OFS Sectors
The energy industry remained in turmoil Thursday as the dual threats of Covid-19 and the oil price war decimated demand, leading to more operators announcing steep capital reductions.
EIA Delivers Bearish Storage Data, but Natural Gas Traders Cautious in Sending Futures Lower
A highly anticipated Energy Information Administration (EIA) storage report failed to meaningfully move the natural gas price needle on Thursday. May Nymex futures swung in a roughly 10-cent range but when the dust settled, the prompt month closed the session only 3.5 cents lower day/day at $1.552. June slipped 4.0 cents to $1.672.
EIA Delivers Bearish Storage Data, but Natural Gas Traders Cautious in Sending Futures Lower
A highly anticipated Energy Information Administration (EIA) storage report failed to meaningfully move the natural gas price needle on Thursday. May Nymex futures swung in a roughly 10-cent range but when the dust settled, the prompt month closed the session only 3.5 cents lower day/day at $1.552. June slipped 4.0 cents to $1.672.