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Natural Gas Futures Power Ahead as Heating Demand Looms

Natural Gas Futures Power Ahead as Heating Demand Looms

Natural gas futures forged higher on Friday as forecasts suggested mild fall weather and its dampening effect on demand could shift colder next month. The November Nymex contract settled at $5.280/MMBtu, up 16.5 cents day/day. December gained 11.5 cents to $5.461. At A Glance: Forecasts point to stronger demand Storage supplies mount Cash mixed Cash…

October 25, 2021
Chart Industries Hit by Supply Chain Woes, but Demand Remains Strong for Oil, Natural Gas Products

Chart Industries Hit by Supply Chain Woes, but Demand Remains Strong for Oil, Natural Gas Products

Chart Industries Inc. wrestled with inflationary pressures and operational challenges during the third quarter that weighed on results, but the company stressed that it continues to see “broad-based” demand for its products.  Chart engineers and manufactures equipment, including systems to liquefy hydrocarbons, hydrogen and helium. Like other industrial companies, supply chain, labor and logistics challenges…

October 25, 2021
Alberta Probing Funding Sources of Oilsands Foes

Alberta Probing Funding Sources of Oilsands Foes

Opposition to Canadian oil and gas pipelines has grown into an international environmental protest industry from a modest 2008 beginning as “The Tar Sands Campaign,” according to an Alberta government inquiry into foreign funding of home-grown fossil fuel foes. The 657-page Report of the Public Inquiry Into Anti-Alberta Energy Campaigns found that C$1.28 billion ($1…

October 25, 2021
Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

Natural Gas Futures ‘Reinvigorated’ by Weekend Cold Shift as Prices Soar Early

A major colder shift from weather models over the weekend had natural gas futures soaring in early trading Monday, though forecasters wondered about the durability of the pattern change. The November Nymex contract was up 35.7 cents to $5.637/MMBtu at around 8:50 a.m. ET. Compared to Friday’s expectations, the latest model runs advertised a “material…

October 25, 2021
Latest U.S. Natural Gas Resource Appraisal Bucks 14-Year Trend

Latest U.S. Natural Gas Resource Appraisal Bucks 14-Year Trend

Since the dawn of the shale revolution, periodic estimates of technically recoverable U.S. natural gas resources have trended upward. Until now. That is a key takeaway from the latest installment of the “Future Supply of Natural Gas in the United States,” an authoritative assessment issued biennially by the Potential Gas Committee (PGC). Last week, the…

October 24, 2021
Weekly Natural Gas Prices Extend Downward Slide Amid Benign Weather Conditions

Weekly Natural Gas Prices Extend Downward Slide Amid Benign Weather Conditions

Weekly natural gas cash prices gave up ground amid mild temperatures and light demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the October 18-22 period shed 38.5 cents to $4.850. That followed a 34.5-cent drop the previous week. Conditions were comfortable across most of the country for a majority…

October 22, 2021
Natural Gas Bulls Power Forward Amid Colder Forecast Tilt, Drive November Futures Higher

Natural Gas Bulls Power Forward Amid Colder Forecast Tilt, Drive November Futures Higher

Natural gas futures forged higher on Friday as forecasts suggested mild fall weather and its dampening effect on demand could shift colder next month. The November Nymex contract settled at $5.280/MMBtu, up 16.5 cents day/day. December gained 11.5 cents to $5.461. At A Glance: Forecasts point to stronger demand Storage supplies mount through autumn Cash…

October 22, 2021
Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Management of refining giant Valero Energy Corp. painted a bullish picture for oil products demand on Thursday, citing low inventories and surging global natural gas prices among factors boosting healthy crack spreads for U.S. refineries. “Refining margins were supported by strong recovery in product demand coupled with product inventories falling to low levels during the…

October 22, 2021
Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says

Mexico Energy Reform Could Spark Legal Controversies, Deloitte Energy Head Says

The energy law proposal “opens a delicate door because, in the future, the Mexican government could face claims of direct or indirect expropriation of investments, which could mean the state has to compensate for certain damages,” Valeria Vázquez, Energy and Resources Industry leader at Deloitte in Mexico and Central America, told NGI’s Mexico GPI. “To…

October 22, 2021
ExxonMobil Bidding to Advance CCS Expansion at Wyoming’s LaBarge Natural Gas Facility

ExxonMobil Bidding to Advance CCS Expansion at Wyoming’s LaBarge Natural Gas Facility

Bids to secure engineering, procurement and construction contracts for a carbon capture and storage (CCS) expansion at the LaBarge natural gas facility in Wyoming are advancing, ExxonMobil said Thursday. LaBarge to date has captured an estimated 6-7 million metric tons (mmt) of carbon dioxide (CO2), making it the largest project of its kind in the…

October 22, 2021
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