Natural Gas News

360 Digital Closing Bell 5-28-2020

360 Digital Closing Bell 5-28-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil down - Securities get pounded, Tech stocks up, nice draw at Cushing. Jobs

Source: Reuters

U.S. senators weigh additional sanctions on Russia’s Nord Stream 2

Reuters


WASHINGTON/FRANKFURT/MOSCOW – Two U.S. senators are considering drafting further sanctions on Russia’s Nord Stream 2 natural gas pipeline if Moscow goes ahead and finishes laying pipes, in another blow to a project which has already faced delays.

U.S. sanctions …

Weekly Gas Storage: Inventories increase 109 Bcf

Weekly Gas Storage: Inventories increase 109 Bcf

Natural Gas Inventories as of May 22, 2020

The EIA has released its natural gas inventory report, showing a net increase of 109 Bcf as of May 22, 2020.

Working gas in storage was 2,612 Bcf as of Friday, May …

360 Digital Closing Bell 5-27-2020

360 Digital Closing Bell 5-27-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil down - Equities Up - Dow Up 

 

International News Desk: -Coronavirus

Coronavirus is causing the biggest fall in global energy investment in history: IEA

Coronavirus is causing the biggest fall in global energy investment in history: IEA

Oil&Gas


Impacts are being felt across the energy world, from fuel and power supply to efficiency, with serious implications for energy security and clean energy transitions

Oil & Gas 360 Publishers Note: Carla Sertin writes an excellent summary of the

360 Digital Closing Bell 5-26-2020

360 Digital Closing Bell 5-26-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

 Interesting day in the markets - demand is up! 

 

International News Desk: -

Advantage announces renewal of credit facility at $400 Million

Advantage announces renewal of credit facility at $400 Million

Oil and Gas 360


Source: EQT

EQT Announces closing of asset sale and strategic volume curtailment

360 News Wire


PITTSBURGH, May 26, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has closed a transaction to sell certain non-strategic assets and implemented a strategic volume curtailment program.

Asset Sale:
EQT has closed a transaction …

NET Power oxy-combustion natural gas facility in La Porte, Texas (Net Power Inc./Wikimedia Commons)

Carbon capture and the Allam Cycle: The future of electricity or a carbon pipe(line) dream? -Can this be the missing bridge?

Atlantic Council 


Oil & Gas Publishers Note: Very interesting technology for natural gas power plants and ESG. Some of the key takeaways are: (1) 100% capture of emissions while being cost, and efficiency competitive, with advanced natural gas plants with

360 Digital Closing Bell 5-22-2020

360 Digital Closing Bell 5-22-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil up at 33.56 and market up. 

 





Source: Reuters

Negative pricing seen spreading from oil to gas as European demand slumps

Reuters


LONDON – A month after U.S. crude oil prices collapsed into negative territory, European gas markets are facing the prospect of also slipping into the red after a slump in demand and surging inventories pushed prices into low single …

U.S. rig count decreased by 21 this week, at 318

U.S. rig count decreased by 21 this week, at 318

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 21 over last week, resulting in a total count of 318 rigs. Canada had a decrease of 2 over last week, resulting in …

Black Hills Corp. Reaches Agreement-in-Principle for Wygen I Power Purchase Agreement

Rapid City, S.D., May 21, 2020 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that utility subsidiary Cheyenne Light, Fuel and Power Co. and power generation subsidiary Black Hills Wyoming reached an agreement-in-principle with the intervenors and participants …

May 21, 2020 - 4:15 pm Natural Gas News, Power Generation, Press Releases
360 Digital Closing Bell 5-21-2020

360 Digital Closing Bell 5-21-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 6 min summary of the energy markets.  

 

Oil up at 33.99 and market down. 

 





Show Notes: 


Transcript:

Weekly Gas Storage: Inventories increase 81 Bcf

Weekly Gas Storage: Inventories increase 81 Bcf

Natural Gas Inventories as of May 15, 2020

The EIA has released its natural gas inventory report, showing a net increase of 81 Bcf as of May 15, 2020.

Working gas in storage was 2,503 Bcf as of Friday, May …

360 Digital Closing Bell 5-20-2020

360 Digital Closing Bell 5-20-2020

The Great Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

Rystad Energy posting that there

Source: Reuters

Continental Resources pushes for regulatory action at North Dakota hearing

Reuters


Continental Resources, one of the largest U.S. shale oil producers, on Wednesday urged North Dakota energy regulators to intervene to help stabilize the state’s oil market through steps such as limiting output or restricting flaring of unwanted natural gas.…

Global demand for natural gas will drop 2% in 2020 as COVID-19 lockdowns take toll

Global demand for natural gas will drop 2% in 2020 as COVID-19 lockdowns take toll

Oil&Gas


Rystad Energy expects global gas demand to total close to 3,878 billion cubic meters (Bcm) in 2020, down from 3,951 Bcm last year

Commercial and industrial demand for natural gas is declining as most countries around the world impose …

May 20, 2020 - 11:00 am Commodity Pricing, Economy, International, Natural Gas News
360 Digital Closing Bell 5-19-2020

360 Digital Closing Bell 5-19-2020

The Great Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

OPEC+ and Saudi Arabia have

360 Digital Closing Bell 5-18-2020

360 Digital Closing Bell 5-18-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

Majors in Europe are spending more on

360 Digital Closing Bell 5-15-2020

360 Digital Closing Bell 5-15-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

U.S. rig count decreased by 35 this week, at 339

U.S. rig count decreased by 35 this week, at 339

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 35 over last week, resulting in a total count of 339 rigs. Canada had a decrease of 3 over last week, resulting in …

Will the Eastern Mediterranean pipeline deal create a regional energy hub?

Will the Eastern Mediterranean pipeline deal create a regional energy hub?

European CEO


Now that Cyprus, Greece and Israel have signed the Eastern Mediterranean pipeline deal, the countries may finally fulfil their ambitions of becoming regional energy hubs – but long-simmering disputes could create blockages

The Eastern Mediterranean is in the …

May 15, 2020 - 11:30 am International, Natural Gas News, Offshore, Pipeline News
EIA expects lower natural gas production in 2020

EIA expects lower natural gas production in 2020

EIA


Oil and Gas Publishers Note: While the EIA is looking at prices in the $2.95 range, we have been talking to many experts in the oil and gas space and they look for higher numbers. It is always to

PU: “We think the U.S. gas, even at these low oil prices, will continue to be well advantaged.

PU: “We think the U.S. gas, even at these low oil prices, will continue to be well advantaged.

BIC


The Covid-19 pandemic turned the table for U.S. petrochemical companies that saw cost advantages erode for their ethane crackers in relation to those that use naphtha as feedstock, as reported by Petrochemical Update.

Plunging oil prices in 2020 …

May 14, 2020 - 10:00 am Analytics, Capital Markets, Crude Oil News, Natural Gas News
Weekly Gas Storage: Inventories increase by 103 Bcf

Weekly Gas Storage: Inventories increase by 103 Bcf

Natural Gas Inventories as of May 8, 2020

The EIA has released its natural gas inventory report, showing a net increase of 103 Bcf as of May 8, 2020.

Working gas in storage was 2,422 Bcf as of Friday, May …

EIA: Short-Term Energy Outlook

EIA: Short-Term Energy Outlook

EIA


Forecast Highlights

 

Global liquid fuels

  • Although all market outlooks are subject to many risks, the May edition of EIA’s Short-Term Energy Outlook remains subject to heightened levels of uncertainty because the effects on energy markets of mitigation efforts
U.S. rig count decreased by 34 this week, at 374

U.S. rig count decreased by 34 this week, at 374

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 34 over last week, resulting in a total count of 374 rigs. Canada had an decrease of 1 over last week, resulting in …

Basic Energy Services announces launch of automated water management solution with major permian client

Basic Energy Services announces launch of automated water management solution with major permian client

Basic Energy Services


FORT WORTH, Texas–(BUSINESS WIRE)– Basic Energy Services, Inc. (OTCQX: BASX) (“Basic”) announced today the successful testing of an automated water management solution with a major US operator. The solution provides a step change in efficiency, allowing the …

Source: CNBC

World’s largest ethanol producer forced to find a new market — hand sanitizer

CNBC


Where gasoline goes, ethanol follows, and both have been on a path to unprofitability.

Ethanol prices have collapsed as gasoline demand dropped by half due to COVID-19 shutdowns. That because ethanol —a biofuel derived from corn — makes up …