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Rising Export Demand, Strong Power Burns Spark Massive Rally for Weekly Spot Gas Prices

Rising Export Demand, Strong Power Burns Spark Massive Rally for Weekly Spot Gas Prices

Strong power burns and rising export demand launched spot gas prices sharply higher for the Oct. 19-23 period. Fueled by gains of more than 50.0 cents across much of the United States, but countered by steep losses in California and Appalachia, NGI’s Weekly Spot Gas National Avg. ultimately rose 42.5 cents to $2.405. Benchmark Henry…

October 23, 2020
Battle Lines Clear on Energy, Climate After Final Presidential Debate

Battle Lines Clear on Energy, Climate After Final Presidential Debate

The final presidential debate on Thursday crystallized stark differences between the candidates on climate and energy policy, as Joseph R. Biden Jr. stressed the urgency of addressing climate change while President Trump warned that the Democratic nominee’s plans would hurt the economy. Calling climate change “an existential threat to humanity,” Biden said, “We have a…

October 23, 2020
Increasing Warmth in Weather Models Pushes Natural Gas Futures Back Below $3

Increasing Warmth in Weather Models Pushes Natural Gas Futures Back Below $3

Lower natural gas production and stronger export demand may keep bulls in the driver’s seat in the weeks and months ahead, but Mother Nature refused to sit back and not have her say. A warmer turn in the latest weather forecasts pushed the November Nymex futures contract back below the coveted $3.00/MMBtu mark on Friday,…

October 23, 2020
One Natural Gas Rig Exits, But Overall U.S. Count Rises for Sixth Straight Week

One Natural Gas Rig Exits, But Overall U.S. Count Rises for Sixth Straight Week

The U.S. natural gas rig count fell one unit to finish at 73 for the week ended Friday (Oct. 23), while rising oil activity propelled the overall domestic tally to its sixth straight weekly gain, according to the latest numbers from Baker Hughes Co. (BKR). A six-rig increase in domestic oil drilling offset the one-rig…

October 23, 2020
Expert Says Mexico Energy Industry Remains Attractive Long-Term

Expert Says Mexico Energy Industry Remains Attractive Long-Term

Mexico remains a great bet for long-term energy investment due to its highly strategic geopolitical position, according to Adriana Citlali Sánchez, a seasoned expert in fiscal planning and taxation in the Mexican energy industry, with more than 17 years of experience with major national and international companies. “We must not forget that the current government…

October 23, 2020
NGTL Proposes Expansion in Western Canada to Serve U.S. Northwest, California

NGTL Proposes Expansion in Western Canada to Serve U.S. Northwest, California

Canadian natural gas exports will increase to the Pacific Northwest region of the United States and California in the next 10 years, according to the developer of a proposed C$355.5-million ($267-million) pipeline expansion project. The proposed West Path 2023 expansion of TC Energy Corp.’s pipeline grid in Alberta and British Columbia, Nova Gas Transmission Ltd.…

October 23, 2020
Rising Export Demand Fuels Big Rally for Natural Gas Forward Prices

Rising Export Demand Fuels Big Rally for Natural Gas Forward Prices

After multiple setbacks, liquefied natural gas (LNG) demand ramped up in a big way during the Oct. 15-21 period, tightening up supply/demand balances and boosting natural gas forward prices across the country, according to NGI’s Forward Look. November prices jumped an average 26.0 cents for the period, with double-digit gains extending through the winter months…

October 23, 2020
Presidential Candidates Clash on Climate, Energy in Final Debate

Presidential Candidates Clash on Climate, Energy in Final Debate

The final presidential debate on Thursday crystallized stark differences between the candidates on climate and energy policy, as Joseph R. Biden Jr. stressed the urgency of addressing climate change while President Trump warned that the Democratic nominee’s plans would hurt the economy. Calling climate change “an existential threat to humanity,” Biden said, “We have a…

October 23, 2020
Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say

Northern Chill, Rebound in LNG to Drive Strong Winter U.S. Natural Gas Demand, Analysts Say

Recovering liquefied natural gas (LNG) demand, forecasts for a colder winter that were supported by an early Midwest chill, low production and abating storage containment worries should support gas prices in the final months of this year and establish momentum for 2021, analysts argue. “While U.S. storage is projected to exceed 4 Tcf by the…

October 23, 2020
October Fracture Activity Seen Higher, Led by Permian

October Fracture Activity Seen Higher, Led by Permian

The U.S. active fracture (frack) spread count is climbing, with gains of up to 6% already this month from September, according to Tudor, Pickering, Holt & Co. In a preliminary note to clients, the analyst team said well completions activity is climbing in the Lower 48 since the start of the month. The domestic active…

October 23, 2020
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