This post was originally published on this siteWeekly natural gas cash prices lost ground for the third time in May, hampered by strong supply levels and weak demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the May 22-26 period fell 14.0 cents to $1.910. Conditions during the covered period …
Soft Demand, Stout Supplies Bruise Weekly Natural Gas Spot Prices, Futures Read More »
This post was originally published on this siteNatural gas futures on Friday fell a second consecutive day and for the fourth time in a dismal week for bulls. Elusive demand – both domestic weather-driven consumption and lower calls for LNG – intersected with strong production levels to keep prices in check. At A Glance: Weak …
This post was originally published on this site U.S. energy company Equitrans Midstream Corp.’s long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday.
This post was originally published on this siteMexico’s decision to construct LNG plants to export natural gas may risk the country’s energy security and may be more costly than beneficial, a research associate at Columbia University’s Center on Global Energy Policy (CGEP) told NGI’s Mexico GPI. “I think that there is a risk that these …
This post was originally published on this siteU.S. oil and natural gas producers cut methane and overall greenhouse gas (GHG) intensity significantly in 2021, according to the latest analysis of publicly available data by the Clean Air Task Force (CATF) and its partners. The intensity of both, or a measure of emissions relative to production, …
Some U.S. E&Ps Said Far Ahead of Others in Cutting Oil, Natural Gas Emissions Read More »
This post was originally published on this siteStubbornly high production maintained its grip on natural gas forward curves during the May 18-24 period, with June prices averaging 20.0 cents lower, according to NGI’s Forward Look. With weather-driven demand at seasonal lows and storage inventories remaining at a surplus to historical norms, forward contracts dropped 16.0 …
With Production Not Backing Down, Natural Gas Forward Prices Soften Absent Summer Heat Read More »
This post was originally published on this site Canadian pipeline operator TC Energy Corp.’s North Baja Pipeline LLC unit asked U.S. energy regulators on Thursday for permission to put parts of the North Baja natural gas pipeline expansion in Arizona and California into service.
This post was originally published on this siteContinued retrenchment in domestic drilling activity saw the U.S. natural gas rig count fall four units to 137 for the week ended Friday (May 26), the latest numbers from Baker Hughes Co. (BKR) show. A decline of five oil-directed rigs saw the combined U.S. rig count drop to …
This post was originally published on this siteNatural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476. At A Glance: EIA prints 96 Bcf injection Front …
June Natural Gas Futures, Spot Prices Pressured as Demand Evades Lower 48 Read More »
This post was originally published on this site (P&GJ) — CorEnergy Infrastructure Trust, Inc. has entered a deal to sell its MoGas and Omega pipeline systems to Spire Inc. for approximately $175 million in cash, the company said on May 25. The MoGas System is an interstate natural gas transmission and distribution system providing service …
CorEnergy to Sell MoGas, Omega Pipeline Systems to Spire for $175 Million Read More »
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