Natural Gas Forward Prices Retreat as Traders Weigh Bullish Supply Signals Against Lighter Demand Daily Gas Price Index Natural Gas Prices By Kevin Dobbs on September 20, 2024 Lower production and a narrowing storage surplus fell short of countering forecasts for mild fall weather, leaving natural gas forward prices to probe lower.
Natural Gas Forward Prices Slip as Fading Demand Eclipses Lower Supply Forward Look Natural Gas Prices By Kevin Dobbs on September 19, 2024 Lower production and a narrowing storage surplus fell short of countering forecasts for mild fall weather, leaving natural gas forward prices to probe lower.
Natural Gas Futures Shed Early Gains as Market Looks Past Rate Cuts to Fall Fundamentals Daily Gas Price Index Natural Gas Prices By Chris Newman on September 18, 2024 Prompt month natural gas futures fell for a second day Wednesday as the market stayed focused on shifting autumn supply/demand balances, sidestepping a broad rally sparked by the Federal Reserve’s (Fed) aggressive start to an interest rate-cutting cycle.
Permian Producers Eye Natural Gas Price Relief With Infrastructure Projects Heading Into Mexico Daily Gas Price Index Infrastructure By Christopher Lenton on September 16, 2024 Three new Permian Basin pipeline projects with a combined capacity of 7.3 Bcf/d could be online by 2027, according to the U.S. Energy Information Administration (EIA), allowing for West Texas natural gas to reach both coasts in Mexico.
CRE Dissolution Would Leave Mexico Natural Gas Rules Undefined, Expert Says Mexico Gas Price Index Mexico By Adam Williams on September 13, 2024 Transparency in Mexico’s natural gas market would suffer if the country’s Comisión Reguladora de Energía (CRE) were to be dissolved, Alexandra Lara, an independent energy consultant that previously worked with the regulator, told NGI’s Mexico GPI.
U.S. Adds Three Natural Gas Rigs as Overall Drilling Activity Rises Daily Gas Price Index E&P By Chris Newman on September 13, 2024 The U.S. natural gas rig count rose by three units to 97 for the week ending Friday (Sept. 13), according to data from Enverus and Baker Hughes Co. (BKR).
Signs Point to Trend Exhaustion; Analysts Urge Caution as Natural Gas Bulls Stand Ready to Charge Daily Gas Price Index Natural Gas Prices By Jodi Shafto on September 03, 2024 Price risk is to the upside as the downtrend in natural gas futures shows signs of exhaustion, according to technical analysts. However, they warned that market bulls should proceed cautiously, while keeping eyes on producers who may hold the key to a more sustained rally.
Widely Expected Fed Interest Rate Cuts Could Buoy Natural Gas Infrastructure, Prices Daily Gas Price Index Natural Gas Prices By Kevin Dobbs on August 28, 2024 Weak natural gas prices through most of 2024 challenged the industry’s profitability, but they helped to dramatically ease the pace of U.S. inflation and, by extension, nudged the Federal Reserve (Fed) to the doorstep of interest rate cuts.
Baseload Natural Gas Prices Maintain Downward Moves on Second Day of September Bidweek Bidweek Alert Natural Gas Prices By Chris Newman on August 28, 2024 The second day of natural gas bidweek trading Tuesday saw baseload prices maintain a weakening trend ahead of the autumn season, according to NGI’s Bidweek Alert (BWA).
Mexico Names New Pemex CEO Amid Slumping Natural Gas Production Mexico Gas Price Index E&P Mexico By Andrew Baker and and 1 others on August 27, 2024 Mexico's oil and natural gas giant Petróleos Mexicanos (Pemex) has named academic Victor Rodríguez Padilla as its new CEO.
Mexico Pipeline System Standing Up To Summer Heat, Demand Peaks — Column Mexico Gas Price Index Mexico By Eduardo Prud’homme on August 23, 2024 Natural gas demand in Mexico follows a well-known seasonal pattern. Demand peaks in the summer when the electricity sector is stressed by the load of air conditioning systems. As a result, the months of June to August require complete coordination and special attention from the operators of the electricity and gas networks.
Natural Gas Futures Rally Limited; Technicals Suggest Room Before Reaching Oversold Conditions Daily Gas Price Index Natural Gas Prices By Jodi Shafto on August 12, 2024 Climbing for a fifth consecutive trading session on Monday, natural gas futures could still have more room to move higher, according to technical analysts. However, they warned that the road to a sustained rally could be rocky.
Tourmaline Sees California Natural Gas Market Tightening on Data Center, Mexico LNG Demand Daily Gas Price Index Canada E&P Earnings LNG By Andrew Baker on August 06, 2024 Canada’s largest natural gas producer, Tourmaline Oil Corp., expects the already tight California natural gas market to become more lucrative amid rising demand and limited transport capacity.
Technical Indicators Suggest Bears’ Exhaustion Creates Potential Upside for Natural Gas Futures Prices Daily Gas Price Index Natural Gas Prices By Jodi Shafto on August 05, 2024 The pummeling continued in natural gas futures, with technicals suggesting additional losses amid a dearth of fodder to nourish the bulls. However, after controlling the market for six weeks, bears could be losing steam, opening the door for the bulls to run.
August Bidweek Natural Gas Prices Slide as Market Discounts Hot Weather Outlook Bidweek Survey Natural Gas Prices By Jodi Shafto on August 01, 2024 Natural gas prices mostly lost ground in August bidweek trading as rising production volumes and stout supplies in storage undercut the impact of forecasts for a sweltering end to the summer.
NGI’s Natural Gas Price Index Changes to Take Effect September 1, 2024 Daily Gas Price Index Natural Gas Prices NGI Notices By NGI Staff Reports on August 01, 2024 In our continuing effort to stay ahead of changes in the physical flows of the North American natural gas market, Natural Gas Intelligence (NGI) will amend the spot market price tables that appear in NGI’s various data services by adding three (3) new indexes and making adjustments to five (5) existing indexes.
BP Forecasting More U.S. Oil and Natural Gas Through Eagle Ford Refracks and in Deepwater Daily Gas Price Index E&P Shale Plays By Carolyn Davis on July 31, 2024 BP plc’s U.S. natural gas and oil portfolio, both onshore and offshore, have the potential to sharply increase reserves in the coming years, according to CEO Murray Auchincloss.
Mexico Natural Gas Production Slides Again Amid Summer Demand Surge Mexico Gas Price Index E&P Mexico By Andrew Baker on July 29, 2024 Mexico’s natural gas production averaged 3.82 Bcf/d in June, down from 4.35 Bcf/d in the same month last year. Output has been down on a year/year basis each month since the start of 2024, and has fallen sequentially in every month except May.
Mexico Must Pay Attention to Industrial Natural Gas Opportunity — Column Mexico Gas Price Index Mexico By Eduardo Prud’homme on July 26, 2024 The ongoing trend of growing natural gas imports into Mexico from the United States will probably continue into the foreseeable future, with significant implications for the country's energy landscape.
Natural Gas Futures Renew Losing Ways Despite Bullish Supply Signals; Cash Prices Cascade Daily Gas Price Index Natural Gas Prices By Kevin Dobbs on July 17, 2024 Natural gas futures nosedived on Wednesday despite waning production levels and expectations for a seasonally small increase in underground inventories.