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Weekly Natural Gas Cash Prices, Futures Surrender to Mother Nature’s Meek Winter Disposition

This post was originally published on this siteWeekly natural gas spot prices trended lower as soft weather-driven demand overshadowed fresh signs of lower production and more output cuts to come. NGI’s Weekly Spot Gas National Avg. for the holiday-shortened February 20-23 trading period fell 23.5 cents to $1.550. Leading cash price decliners for the week …

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Natural Gas Futures Succumb to Lofty Supply, Benign Weather; Cash Prices Cascade

This post was originally published on this siteNatural gas futures gave up more ground on Friday, hindered by robust supplies and exceptionally mild late-winter weather conditions. At A Glance: Heating demand fades Production remains high Storage surplus increases Coming off a 4.1-cent decline the previous session, the March Nymex gas futures contract on Friday fell …

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Natural Gas Forwards Rally as Chesapeake Cuts Provide Uplift for 2024 Strip

This post was originally published on this siteA wave of bullish optimism, tied to the production cuts announced recently by Chesapeake Energy Corp., also lifted regional natural gas forwards higher during the Feb. 15-21 trading period, NGI’s Forward Look data show. For numerous Lower 48 trading locations, the most pronounced week/week fixed price gains occurred …

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Natural Gas Pipeline Connectivity, Electricity Top Mexico Energy Needs, Says Expert Lawyer

This post was originally published on this site“A lot of the potential developments that nearshoring will bring are going to need access to natural gas,” Diana Pineda, a partner at Gónzalez Calvillo law firm in Mexico City, told NGI’s Mexico GPI.  “And the truth is, we’ve now gone several years without a new natural gas …

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Coterra Halving Marcellus Spending, but Ready to Pivot for Natural Gas Price Recovery

This post was originally published on this siteCoterra Energy Inc. is “throttling back on operations” in the Marcellus Shale to start 2024, but management is “highly optimistic on the 12- to 18-month outlook” for natural gas as LNG facilities come online, CEO Tom Jorden said.  The Houston-based independent plans to decrease capital expenditures (capex) in …

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EOG Increases LNG Exposure with Brent-linked Vitol Supply Agreement

This post was originally published on this siteVitol Inc. is progressing its strategy of inking direct supply agreements for U.S. LNG with exploration and production (E&P) companies, this time tapping EOG Resources Inc. Under the sales and purchase agreement, EOG would supply Vitol with 180,000 MMBtu/d, about 1.25 million metric tons/year (mmty) of liquefied natural …

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Oil Falls on Bearish Technical Signals

This post was originally published on this siteOil fell as the lack of fresh drivers prompted some investors to exit positions ahead of the weekend and the dip below a key technical indicator accelerated selling.

Natural Gas Futures Giving Back Midweek Gains — MidDay Market Snapshot

This post was originally published on this site Natural gas futures headed for large sell-off Friday as midweek rally fizzles on blowtorch temps March Nymex contract down 12.7 cents to $1.605/MMBtu as of 2:20 p.m. ET, near pre-rally levels prior to Chesapeake Energy Corp. releasing production guidance Heating demand over next 15 days “would rank …

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