Gulf producers lead on OPEC+ cuts, Saudi crude output at 6-month low: Platts survey

This post was originally published on this siteTo get Platts OPEC+ survey sooner, join Platts Dimensions Pro . The OPEC+ oil producer alliance shrank crude output by 700,000 b/d in November, the steepest monthly decrease since April when Russian production plunged due to sanctions, the latest Platts survey by S&P Global Commodity Insights showed. OPEC’s […]

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Modest Storage Draw Fails to Stop Natural Gas Futures Price Rally; West Coast Cash North of $30/MMBtu

This post was originally published on this siteDisappointing storage data notwithstanding, natural gas futures prices surged well past $6.00/MMBtu Thursday as traders appear convinced that colder weather is coming next week – and may even stick around. The January Nymex natural gas futures contract simmered down a little and eventually settled at $5.962, up 23.9

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Western Natural Gas Forwards Soar on Cold, Pipeline Constraints Despite Discounts Elsewhere

This post was originally published on this siteSoaring premiums along the West Coast and deep discounts for the rest of the Lower 48 produced a week of varied price action for regional natural gas forwards during the Dec. 1-7 trading period, NGI’s Forward Look data show. Amid reports of a curtailment in volumes flowing through

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Waha Prices Plunge Again, but Potential Colder Weather Excites Natural Gas Bulls – Mexico Spotlight

This post was originally published on this siteNorth American natural gas prices slumped for most of the week before the potential for colder weather provided a minor rally Wednesday and Thursday. The New York Mercantile Exchange January natural gas futures contract settled at $5.962/MMBtu, up 23.9 cents on the day. February futures climbed 20.3 cents

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JPMorgan CEO says Ukraine War Fallout Proves Essential Role of Natural Gas, Oil

This post was originally published on this siteFor all the concern about climate change – a worry he shares – JPMorgan Chase & Co.’s chief executive said the world’s current and foreseeable energy needs cannot be met without natural gas and oil. JPMorgan’s Jamie Dimon said Russia’s war in Ukraine amplified the significant role of

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