Articles tagged natural gas forecast

Natural gas producers, suppliers, marketers and buyers – the industry’s gamut – gathered in Boston last week and sounded alarm bells in unity, calling for the construction of vital infrastructure.

Natural gas prices have been lifting off lackluster levels, responding to some moderately bullish fundamentals that could become increasingly supportive and drive prices back as high as the $4.000/MMBtu range by 2025, according to NGI.

Natural gas in U.S. storage remains swollen, reflecting an exceptionally mild winter and record levels of production. The one-two punch weighed on prices through most of the heating season and raised concerns about an enduring bear market.

U.S. natural gas markets are looking dire for sellers, with futures diving near depths last seen during the Covid-19 pandemic. Several catalysts lie ahead, though, that could create a floor and set the stage for a rebound, according to analysts.

Oil and gas executives in the Eleventh Federal Reserve District have modestly increased their expectations for the U.S. natural gas price by year-end, according to the latest survey by the Federal Reserve Bank of Dallas.

Global energy demand is set to rise as income and population grow, with natural gas, oil and coal in 2050 still meeting more than half of total consumption, in part because of the high cost of new technologies, according to Wood Mackenzie.

Lower natural gas prices and refining margins may pull ExxonMobil’s second quarter profits down from the first three months of the year by nearly $4 billion.

Banks that lend to the oil and gas sector have substantially reduced their expectations for natural gas prices over the next couple years, according to a new survey by Haynes and Boone LLP.

Amid lower-than-expected heating demand this winter, the Energy Information Administration (EIA) said Tuesday it is raising its projected end-March natural gas storage carryout to more than 1.9 Tcf, a 27% increase compared to projections issued in January.

The U.S. natural gas market is expected to have a greater impact on the global LNG trade in the future as more projects are built and the world’s supply contracts are increasingly tied to Henry Hub, Shell plc reported Thursday in its annual liquefied natural gas outlook.