Natural Gas Prices

Natural gas forward markets continued to face fierce headwinds in early May, with prices selling off sharply through 2024, according to NGI’s Forward Look. Henry Hub paved the way as June forward prices fell 25.0 cents from April 27-May 3 to reach $2.172 and the balance of summer (June-October) slid 21.0 cents to $2.390, Forward…

As a large swath of long-term and shorter LNG contracts are set to expire by the end of the decade, buyers could see a future global natural gas market that is both more physically flexible and financially complex. By 2030, long-term and short-term contracts covering around 195 million tons (Mt) of liquefied natural gas could…

The U.S. Energy Information Administration (EIA) reported an injection of 54 Bcf natural gas into storage for the week ended April 28. The result was essentially on par with expectations and failed to provide support for floundering Nymex natural gas futures. At A Glance: BREAKING: U.S. EIA reports 54 Bcf injection into storage Domestic demand…

Shell plc used its global energy trading prowess in the first quarter to offset the impact of low commodity prices, with Australia LNG output lifting overall production. The No. 1 global natural gas trader delivered a “robust operational performance, against a backdrop of ongoing volatility, while continuing to provide vital supplies of secure energy,” CFO…

The U.S. Energy Information Administration (EIA) reported an injection of 54 Bcf natural gas into storage for the week ended April 28. The result was essentially on par with expectations and failed to provide support for floundering Nymex natural gas futures. Ahead of the EIA print, the June Nymex gas futures contract was down 5.8…

Enterprise Product Partners LP reported soaring pipeline transportation and fee-based natural gas processing volumes in the first quarter. During an earnings call on Tuesday, executives said that across the company’s integrated system, crude oil, natural gas and natural gas liquids (NGL) saw another quarter of production growth from the Permian Basin. “Lower natural gas prices,…

Comstock Resources Inc. CEO Jay Allison underscored that despite low natural gas prices to start 2023, management is “extremely positive on the outlook for natural gas in the future,” with growing global demand for LNG.  The liquefied natural gas market is expanding to the tune of $1 trillion globally over the next five years, with…

Competition is heating up for increasingly scarce top-tier oil and gas drilling locations in the Lower 48, according to firms that track merger and acquisition (M&A) activity in the sector. The volume of deals taking place is down versus the averages seen in recent years, new data from Enverus show. But abundant cash reserves, supportive…

With the market eyeing the upcoming release of government storage data, expected to reveal a surplus-shrinking spring injection, natural gas futures paused their recent downtrend in early trading Thursday. After finishing in the red for three straight sessions to open the week, the June Nymex contract was hovering close to even as of around 8:45…