Natural Gas Prices

A new executive team has taken the reins at BP plc, but the strategy remains focused on providing energy solutions while remaining pragmatic because the world continues to need natural gas and oil, CEO Murray Auchincloss said. Auchincloss discussed the London-based supermajor’s fourth quarter and full-year results during a conference call Tuesday. Formerly CFO, Auchincloss…

Henry Hub natural gas spot prices are set to remain subdued at around $2.40/MMBtu in February and March amid unusually mild weather, the U.S. Energy Information Administration (EIA) said in an updated forecast Tuesday. In its latest Short-Term Energy Outlook (STEO), EIA said it expects Henry Hub spot prices to average $2.650 for full-year 2024,…

March Nymex natural gas futures ended nearly unchanged on the plus side in the week’s opening session as the market locked onto near-term weather forecasts for mild conditions ahead of an expected blast of mid-February cold. At A Glance: Futures flat Supply worries Spot gas up The front-month contract settled at $2.082/MMBtu, less than 1.0…

The state of Canada’s natural gas market largely reflects that of the United States: robust production, elevated storage levels and suppressed prices. To be sure, the Arctic blast in mid-January that briefly bolstered heating demand and caused wellhead freeze-offs that slowed production in the Lower 48 also gave the Canadian market a boost. Cash prices,…

Williams has filed with FERC for authorization to build its Southeast Supply Enhancement Project that would add about 1.6 Bcf/d of capacity to its Transcontinental Gas Pipe Line Co. (Transco) for natural gas deliveries from Virginia to Georgia. The pre-filing request with the Federal Energy Regulatory Commission on Feb. 1 comes three months after Williams…

Texas achieved record natural gas and oil production in 2023 despite lower prices for both commodities, falling rig counts, and fewer drilling permits issued versus 2022, said the Texas Alliance of Energy Producers.  The group, which represents the state’s independent exploration and production (E&P) firms, said its Texas Petro Index (TPI) fell in December for…

With the market in an apparent holding pattern as traders await more details on the extent of colder weather arriving later this month, natural gas futures eased lower early Tuesday. The March Nymex contract was off 2.5 cents to $2.057/MMBtu at around 8:35 a.m. ET. In early trading, the front month did not venture outside…

March Nymex natural gas futures ended nearly unchanged on the plus side in the week’s opening session as the market locked onto near-term weather forecasts for mild conditions ahead of an expected blast of mid-February cold. At A Glance: Futures near unchanged Supply concerns persist Spot gas gains The front-month contract settled at $2.082/MMBtu, less…

European natural gas prices gave up last week’s gains on Monday, despite an unplanned outage at a top field in Norway and ongoing conflict in the Middle East. Norwegian natural gas exports to the continent were nominated at 286 million cubic meters (MMcm) on Monday, down from recent levels of 340 MMcm/d due to unplanned…