Natural Gas News
Weekly Gas Storage: Inventories decrease by 221 Bcf
Natural Gas Inventories as of December 30, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 221 Bcf as of December 30, 2022.
Working gas in storage was 2,891 Bcf as of Friday, December …
U.S. natgas price collapse cut 2023 widow maker premium to record low
U.S. natural gas futures dropped to a 10-month low on Tuesday, cutting the March-April spread to a record low as forecasts for mild weather and low heating demand in January force some in the market to give up …
European natural gas prices return to pre-Ukraine war levels
LONDON — European natural gas prices fell this week to levels not seen since before Russia’s invasion of Ukraine.
Front-month natural gas futures on the Dutch Title Transfer Facility, the benchmark contract in Europe, plunged in recent weeks …
Weekly Gas Storage: Inventories decrease by 213 Bcf
Natural Gas Inventories as of December 23, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 213 Bcf as of December 23, 2022.
Working gas in storage was 3,112 Bcf as of Friday, December …
U.S. natgas futures slide over 9% to 2-month low on less cold weather
U.S. natural gas futures dropped more than 9% to a two-month low on Wednesday on forecasts for warmer weather over the next two weeks than previously expected that could result in lower heating demand.
On its last day as …
Russia says Europe will struggle to replace its oil products
Europe will find it difficult to replace Russian crude oil and product supply once the full effect of the EU embargoes on Russian petroleum products is felt, according to Russian Deputy Prime Minister Alexander Novak.
“Europe used …
A crisis is looming for the U.S. energy grid
As U.S. energy infrastructure continues to go largely neglected and city populations keep rising, certain regions of America are under threat of electricity shortages for several years to come. In addition to inadequate energy infrastructure, the rise of …
Weekly Gas Storage: Inventories decrease by 87 Bcf
Natural Gas Inventories as of December 16, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 87 Bcf as of December 16, 2022.
Working gas in storage was 3,325 Bcf as of Friday, December …
Canada, U.S. natgas output could hit growing pains in 2023
Canadian and U.S natural gas production is expected to hit new records in 2023, but growth may be slow due to weakened demand, pipeline bottlenecks and a lack of new liquefied natural gas (LNG) export plants.
Gas …
Analysis: The hardest part is yet to come for gas-hoarding Europe
Europe faces a much tougher task to rebuild gas stocks next year compared with this winter, meaning energy bills are likely to stay high and governments could have to implement painful rationing measures they have so far avoided.
Previously …
U.S. rig count had a decrease of 4 this week, at 776
This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 776 rigs. Canada had a decrease of3 over last week, resulting in a …
Weekly Gas Storage: Inventories decrease by 50 Bcf
Natural Gas Inventories as of December 9, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 50 Bcf as of December 9, 2022.
Working gas in storage was 3,412 Bcf as of Friday, December …
U.S. rig count had an no decrease of 780 this week, at 4
This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 4 over last week, resulting in a total count of 780 rigs. Canada had an increase of 7 over last week, resulting in …
Exxon, Chevron to spend billions more on oil projects next year
HOUSTON – The two largest U.S. oil companies – Exxon Mobil Corp and Chevron Corp – disclosed plans to increase outlays on energy projects next year amid high oil demand and prices.
While spending more, it will …
Baker Hughes, Woodside Energy to collaborate on decarbonizing the global gas supply chain
(WO) — Baker Hughes, an energy technology company and Woodside Energy announced on December 8th that they have entered into a memorandum of understanding (MoU) to explore potential business arrangements and initiatives that may have the potential to …
Weekly Gas Storage: Inventories decrease by 21 Bcf
Natural Gas Inventories as of December 2, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 21 Bcf as of December 2, 2022.
Working gas in storage was 3,462 Bcf as of Friday, December …
EQT gets antitrust request over $5.2 billion Appalachia deal
(Bloomberg) — EQT Corp. said the U.S. antitrust regulator asked for additional information and documentary materials in connection with a $5.2 billion acquisition announced in September, a move that raises questions on the largest US natural gas producer’s …
U.S. LNG exports remain flat as domestic market braces for cold season
U.S. liquefied natural gas exports were flat last month, Refinitiv shipping data showed on Thursday, as production remained limited and the arrival of winter weather in the Northern Hemisphere led utilities to build inventories for domestic use.
…
Weekly Gas Storage: Inventories decrease by 81 Bcf
Natural Gas Inventories as of November 25, 2022
The EIA has released its natural gas inventory report, showing a net decrease of 81 Bcf as of November 25, 2022.
Working gas in storage was 3,483 Bcf as of Friday, November …
Carlyle exploring multibillion-dollar offer for OMV oil and gas assets
(Bloomberg) — Carlyle Group Inc. is exploring a multibillion-dollar bid for a large part of Austrian energy company OMV AG’s oil and gas portfolio, in what would be a bold move by a buyout firm to further expand …
U.S. natgas futures rise on forecasts for cooler December weather
U.S. natural gas futures edged up about 1% to near a one-week high on Tuesday on forecasts for cooler weather through mid-December than previously expected.
That price increase, however, was limited by forecasts for less gas demand …
U.S. natgas falls 5% on lower demand forecast, contract expiry
U.S. natural gas futures fell more than 5% on Monday, weighed down by forecasts for lower demand over the next two weeks than previously expected, near record output and ahead of the expiry of the front-month December contract.
…
U.S. gas prices jump as Freeport LNG targets full restart in March 2023
U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023.
Freeport LNG, a major liquefied natural gas exporter in Texas, wrote in …
U.S. rig count had an increase of 3 this week, at 782
This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 782 rigs. Canada had an increase of 1 over last week, resulting in …
Weekly Gas Storage: Inventories increase by 64 Bcf
Natural Gas Inventories as of November 11, 2022
The EIA has released its natural gas inventory report, showing a net increase of 64 Bcf as of November 11, 2022.
Working gas in storage was 3,644 Bcf as of Friday, November …
PureWest grows market for certified gas through partnership with EarnDLT and Project Canary to tokenize verifiable environmental attributes
DENVER, Nov. 15, 2022 /PRNewswire/ — PureWest Energy, LLC (“PureWest”), an independent natural gas company based in Wyoming’s Green River Basin, today announced a first-of-its-kind collaboration with EarnDLT (“Earn”) and Project Canary.
This partnership …
U.S. Treasury Secretary: A Russian oil price cap will benefit China and India
The U.S.-led initiative seeking to set a ceiling on the price of Russian oil sold on international markets will benefit China, U.S. Treasury Secretary Janet Yellen told media today on the sidelines of the G20 summit.
“We see …
