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Natural Gas Traders Bracing for Winter Storm as February Contract Rallies Early

This post was originally published on this siteWith natural gas markets on edge as traders attempt to gauge impacts from major winter weather expected to hammer the Lower 48 into next week, front-month futures climbed sharply early Friday. The February Nymex contract was up 11.2 cents to $3.209/MMBtu at around 8:46 a.m. ET. Dubbed Winter […]

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Triple-Digit Storage Pull Sends February Natural Gas Futures Back into Rally Mode; Spot Prices Slip

This post was originally published on this siteFront-month natural gas futures posted another strong gain on Thursday, bolstered by a bullish government inventory report and expectations for more to follow amid extreme cold that is both driving heating demand and curbing production. At A Glance: EIA prints 140 Bcf withdrawal Near-term demand to surge Production

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Cenagas Awards Open Season Winners in Advance for Mexico Natural Gas Market – Spotlight

This post was originally published on this siteMexico’s Cenagas, operator of the national pipeline system known as the Sistrangas, has announced winners in the biggest open season under the administration of Andrés Manuel López Obrador. The state-run operator offered capacity to 19 end-users, distributors and shippers on the pipeline system, with almost all bidders receiving

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Old Man Winter Finally Wakes Up as Natural Gas Forward Prices Surge

This post was originally published on this siteWith a mid-January arctic blast lining up to drive strong heating demand and disrupt production volumes, regional natural gas forwards raced higher during the Jan. 4-10 trading period, NGI’s Forward Look data show. Markets across the country braced for freezing and even subzero temperatures, with frigid temperatures and

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Texas Natural Gas, Oil Drilling Activity Show Mixed Results in December, Down Overall from 2022

This post was originally published on this siteTexas regulators issued about 1,500 fewer oil and natural gas drilling permits in 2023 than in 2022, with December permitting continuing the downward trend across most of the state.  The Railroad Commission of Texas (RRC) issued a total of 669 drilling permits last month, up by about 30

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