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Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from the 15-day outlook.  With any opportunity for truly cold weather not expected before the middle of next month, the January Nymex gas futures contract settled Monday at $2.305/MMBtu,…

Halliburton Co., the No. 1 fracture specialist in North America, expects to see “progressive improvement” into the new year as the market tightens from more well completions and less drilling in the Lower 48. Regarding the outlook, “2021 feels better from here,” CEO Jeff Miller said during a conference call early Monday to discuss third…

With the market seemingly optimistic that export activity won’t suffer any lasting impacts from the latest hurricane to enter the Gulf of Mexico (GOM), natural gas futures rallied in early trading Friday. November Nymex futures were up 10.9 cents to $2.736/MMBtu at around 8:45 a.m. ET. Rainbands from Hurricane Delta were spreading into southwestern Louisiana…

Several Eastern Mediterranean countries have formally established an intergovernmental organization to cooperate in developing the massive offshore natural gas fields in the region, conspicuously leaving out Turkey as a member state. The East Mediterranean Gas Forum (EMGF) is to be based in Cairo and any East Mediterranean country can apply for membership, the Egyptian Ministry…

U.S. liquefied natural gas levels improved, but production also increased Cool temperatures across much of the central United States could dampen demand Record-setting heat in the West forced planned power outages in California Natural gas futures gave up ground on Tuesday as markets weighed a mixed weather outlook and new data pointing to both increased…

Profit-taking and simmering skepticism about the outlook for liquefied natural gas (LNG) on Wednesday snapped a three-day winning streak for natural gas futures. The August Nymex contract lost 5.2 cents day/day and settled at $1.824/MMBtu. September fell 6.3 cents to $1.876.  NGI’s Spot Gas National Avg. rose a half-cent to $1.755. After swooning to a…

Weak export demand and an uptick in production estimates saw natural gas futures reverse lower in early trading Wednesday. The August Nymex contract was off 4.6 cents to $1.830/MMBtu at around 8:45 a.m. ET. The sell-off in the August contract could be attributed to a small upward revision in the latest production data and another…

A Berkshire Hathaway Inc. affiliate will take over operations of the Cove Point liquefied natural gas (LNG) export terminal after it agreed to acquire a 25% stake in the facility as part of a broader $9.7 billion deal to buy Dominion Energy Inc.’s natural gas transmission and storage segment.  Dominion will retain a 50% passive…

Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…