Articles tagged Fed

Lower production and a narrowing storage surplus fell short of countering forecasts for mild fall weather, leaving natural gas forward prices to probe lower.

Lower production and a narrowing storage surplus fell short of countering forecasts for mild fall weather, leaving natural gas forward prices to probe lower.

Another attempt by market bulls to pull October Nymex natural gas futures higher ran into a wall Wednesday afternoon as bears resumed control. The market had a muted response to the Federal Reserve’s (Fed) interest rate cut decision while moving lower on weaker demand.

The Federal Reserve (Fed) is on the cusp of its first interest rate reduction since the onset of the pandemic in early 2020, a move that would lower borrowing costs and potentially bolster natural gas infrastructure development.

Energy sector activity across Texas, parts of New Mexico and Louisiana grew modestly in the first three months of the year, but activity still was under the average level for the past few years, according to the quarterly Federal Reserve Bank of Dallas Energy Survey.

Growth in energy sector activity slowed significantly in the final three months of 2018, according to the quarterly Dallas Fed Energy Survey of oil and gas executives.

Oil and natural gas activity in Texas, northern Louisiana and southern New Mexico increased during the second quarter, albeit at a slightly slower pace than early this year, according to the latest energy survey by the Dallas branch of the Federal Reserve Bank (Fed).

Oil and natural gas executives told the Federal Reserve Bank (Fed) of Dallas that business activity increased during the third quarter, but there remains "persistent weakness" in employment and production, the latest energy survey indicated.