Updated Sep 25, 2024
9/25/24
October Nymex natural gas futures fluctuated between gains and losses Tuesday before turning lower as profit taking, hurricane risks and middling demand choked off some of the rocket fuel powering the previous three days’ nearly 33.0-cent run higher.
By Chris Newman
on
By Jamison Cocklin on
Nearly a dozen market participants announced a series of deals at Gastech 2024 in Houston last week, landing more than 5 million metric tons/year (mmty) of global LNG export and import capacity as supplies are forecast to grow through the end of the decade.
By Andrew Baker on
Whitehawk Energy LLC announced it closed on the acquisition of mineral and royalty interests in the Marcellus Shale spanning about 435,000 gross unit acres.
By Carolyn Davis on
Could Mexico become one of the largest LNG exporters in the world? In a decade’s time, it could be a reality, a top executive overseeing a planned export project on the west coast said last week.
By Kevin Dobbs on
The October natural gas futures contract flew higher on Monday, building on the prior week’s rally and remaining comfortably above a key technical threshold. It settled at $2.613/MMBtu, up 17.9 cents day/day. This followed back-to-back gains to close out last week.
By Jodi Shafto on
The soon-to-expire October Nymex natural gas futures contract reversed overnight gains, ticking a few cents lower early Tuesday on the heels of an impressive 17.9-cent advance Monday. Gains were motivated by the uncertain impact of a large storm system in the Gulf of Mexico (GOM) and a tight market balance.
By Chris Newman on
Prompt month natural gas futures marched higher Monday as risks to supply from a developing Gulf Coast storm added to pipeline issues and bullish weather revisions in tightening up market balances.
By Jamison Cocklin on
European natural gas prices moved higher on Monday as tensions rose in the Middle East and Ukraine.
By Jodi Shafto on
Petrochemical giant Dow Inc. said lower North American natural gas prices are driving an expansion of operations. Meanwhile in Europe, “right-sizing” the footprint “is necessary” with industrial demand still 25% off pre-pandemic levels.
By Jacob Dick on
Driven by a new modular upsized design and a full slate of customers for its Saguaro Energía LNG export project, Mexico Pacific Ltd. LLC is honing in on a final investment decision (FID) next year.
By Carolyn Davis on
A federal court’s recent decision to vacate approval of a natural gas pipeline expansion in the Northeast will be disruptive to customers in the region, FERC Chairman Willie Phillips said Thursday.
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