The natural gas value chain accounted for nearly 3% of all U.S. gross domestic product (GDP) and non-farm payroll employment in 2015, with the industry’s benefits reaching all 50 states, even those without production, according to a new ICF report backed by the American Petroleum Institute (API).
Markets
Articles from Markets
Futures Unimpressed With Bullish Natural Gas Storage Stats
August futures took a supportive Energy Information Administration (EIA) natural gas storage report in stride and moved little following an inventory build that was well below market expectations.
June 29, 2017
South Korean Trade Pacts to Send More U.S. Natural Gas Overseas
Energy conglomerate SK Group this week advanced a long-term strategy to secure more U.S. natural gas for South Korea under a couple of agreements, including one with Continental Resources Inc. (CLR) and General Electric (GE). Korea Gas Corp. (Kogas) also signaled it would expand its U.S. gas export holdings from the Gulf Coast to Alaska.
June 29, 2017
Physical NatGas, Futures Part Company As Bears Undeterred By Positive Storage Stats
Physical natural gas for Friday delivery managed to outdo a futures market that seemed to have had its fill of bullish weather reports. Gains in the Northeast, Appalachia, and California were able to offset softer quotes in the Midwest, Midcontinent, and Louisiana, and the NGI National Spot Gas Average rose 4 cents to $2.77.
June 29, 2017
Expiring July Set For Firm Exit; Called 3 Cents Higher
The expiring July natural gas is expected to open 3 cents higher Wednesday morning at $3.06 as traders hone in on new weather data reinforcing warmer trends. Overnight oil markets weakened.
June 28, 2017
EIA Reports Crude Oil Exports Trending Higher This Year
Crude oil exports have inched upward this year, reaching the highest monthly level on record of 1.1 million b/d in February, the Energy Information Administration (EIA) said Tuesday.
June 28, 2017
Dallas Fed Reports Rising Oil, Natural Gas Activity, But Slowdown from First Quarter
Oil and natural gas activity in Texas, northern Louisiana and southern New Mexico increased during the second quarter, albeit at a slightly slower pace than early this year, according to the latest energy survey by the Dallas branch of the Federal Reserve Bank (Fed).
June 28, 2017
Forecast Energy Demand Lifts Eastern NatGas; Expired July Futures Out On Firm Note
Physical natural gas trading for Thursday delivery was mostly a mixed affair, and in the big picture prices moved little. Strength in the Northeast and Appalachia was barely able to offset soft pricing in California and mostly flat pricing in the Midcontinent and Texas. The NGI National Spot Gas Average rose 6 cents to $2.73.
June 28, 2017
Lackluster NatGas Trading Ahead of Long Holiday Weekend; July Adds A Penny
Both physical natural gas for Wednesday delivery and the soon-to-expire July futures contract had difficulty moving much off dead center in Tuesday’s trading as many in the industry appeared to be extending the upcoming Independence Day Holiday by a few extra days.
June 27, 2017
Traders See $3.20 August Gas; July Called A Penny Higher
July natural gas is set to open a penny higher Tuesday morning at $3.04 as traders note consistently warm temperature forecasts and a new technical paradigm. Overnight oil markets advanced.
June 27, 2017
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