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Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 22:19 pmWeekly natural gas cash prices gained ground on the back of strong gains in West Texas in a week that was marked by stronger LNG feed gas flows and modestly higher weather-driven demand. NGI’s Weekly Spot Gas National Avg. for[…]
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May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 21:56 pmNatural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations[…]
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Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 20:21 pmEquinor ASA expects competition for LNG with Asia and weather to be the largest drivers of European natural gas prices as markets continue to shift, creating a floor for global benchmarks. After another mild winter helped Europe exit its second[…]
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TotalEnergies Amplifying U.S. RNG for Industrial Decarbonization
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 20:17 pmTotalEnergies SE has inked an agreement with BlackRock Inc.-backed Vanguard Renewables to advance nearly a dozen U.S. renewable natural gas (RNG) projects over the next year with total annual production capacity of 2.5 Bcf. Boston-based Vanguard, funded by BlackRock’s Diversified[…]
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LNG Said Vital for Argentina’s Vaca Muerta to Reach Potential
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 20:15 pmArgentina’s vast natural gas resources would only be fully developed with an LNG export facility, according to experts who spoke at a recent energy conference. “Clearly we think we need to develop the regional market,” said Pampa Energía’s director of[…]
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Natural Gas Forwards Mostly Lower as MVP Startup Impacts Summer Pricing
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 20:11 pmWith excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show.[…]
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Mexico Energy Under Sheinbaum Could Follow Similar AMLO Model, Expert Analyst Says
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 19:30 pmMexico’s reliance on U.S. natural gas imports is likely to increase if Claudia Sheinbaum, who is expected to win Mexico’s June 2 presidential election, maintains the state-centric approach of outgoing President Andrés Manual López Obrador, aka AMLO, according to analyst[…]
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Discounts Abound in Natural Gas Markets to Close Out Week — MidDay Market Snapshot
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 18:46 pmAs mild weather threatened to further pad storage surpluses, natural gas futures sagged through midday trading Friday. Meanwhile, spot market buyers seeking supplies for weekend and Monday delivery were finding bargains aplenty. Here’s the latest: June Nymex futures down 7.5[…]
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U.S. Natural Gas Count Eases to 105; Oil Rigs Down Five, BKR Data Show
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 17:55 pmThe U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers[…]
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ExxonMobil Sees ‘Long-Term Future’ for Natural Gas and Oil – with Targets on Low Cost of Supply, Woods Says
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 15:18 pmExxonMobil will add more natural gas – including LNG – into the portfolio, both in the United States and overseas, as long as they are “advantaged investment opportunities,” according to CEO Darren Woods. During the quarterly conference call on Friday,[…]
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