Weekly Natural Gas Spot Prices Mixed Due to Weather; Futures Soar on Tighter Balance

This post was originally published on this siteWeekly natural gas cash prices were mixed, as a preview of summer weather sent demand higher in portions of the country, and pipeline maintenance underway or ending provided varied directional support. NGI’s Weekly Spot Gas National Avg. for the May 13-17 period rose 24.0 cents week/week to $1.665/MMBtu.

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Natural Gas Futures Extend Rally in Week’s Closing Session

This post was originally published on this siteJune natural gas futures surged Friday, extending a rally that brought the contract to near a four-month high as fundamentals suggest a balancing market. At A Glance: Futures up 13.1 cents Production stabilized Waha down after storm The front-month contract settled at $2.626/MMBtu, up 13.1 cents day/day. Meanwhile,

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Australia Looks to Couple Natural Gas Development With Net-Zero Goals

This post was originally published on this siteAustralia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050. The latest plan assures global energy partners and foreign investors that the Australian government is a committed, reliable

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Regulatory Overhaul Said Key to Upgrading Mexican Energy System

This post was originally published on this siteImproving Mexico’s energy fortunes may be as simple as changing the regulatory environment, experts said Thursday in San Antonio, TX. “Between banks and the capital markets, there is an infinite capacity to finance needs” in Mexico’s natural gas and energy sector, said Société Générale SA’s Adolfo Villareal, Energy

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No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows

This post was originally published on this siteThe U.S. natural gas rig count held steady at 103 for the week ended Friday (May 17), while a small increase in oil-directed drilling raised the combined domestic tally one unit to 604, according to the latest numbers from Baker Hughes Co. (BKR). The 103 active U.S. natural

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