Thursday, June 4, 2026
U.S. House passes bill to extend federal oil and gas permitting fund- oil and gas 360

U.S. House passes bill to extend federal oil and gas permitting fund

(World Oil) – The U.S. House of Representatives has passed legislation that would extend a key federal program supporting oil and natural gas permitting activities on public lands, drawing support from industry groups that say the measure helps improve permitting efficiency while remaining fully industry funded. The License to Drill Act (H.R. 7831), introduced by Rep. Mike Kennedy, R-Utah, would reauthorize the

Natural gas prices supported into Q3, but 2027 outlook softens: Morgan Stanley- oil and gas 360

Natural gas prices supported into Q3, but 2027 outlook softens: Morgan Stanley

(Investing) – U.S. natural gas prices are set to continue their recent recovery into the third quarter, supported by rising LNG export flows and stronger power demand, though oversupply risks loom for 2027, according to Morgan Stanley. Henry Hub, the U.S. benchmark, had stayed below roughly $3 per million British thermal units for much of May as mild weather and softer LNG

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 95 Bcf

Natural Gas Inventories as of May 29, 2026 The EIA has released its natural gas inventory report, showing a net increase of 95 Bcf as of May 29, 2026. Working gas in storage was 2,578 Bcf as of Friday, May 29, 2026, according to EIA estimates. This represents a net increase of 95 Bcf from the previous week. Stocks were

Energy Market Assessment: The climate is still minimizing natural gas demand- oil and gas 360

Energy Market Assessment: The climate is still minimizing natural gas demand

(Oil & Gas 360) – The Climate Still Minimizing Natural Gas Demand, Prices And Expectations Have A Notable Summer Rally Set Up.   The NASDAQ and S&P 500 setting new highs need a Drilling Boom to keep fueling prosperity production and value increasing.  Quite a few are pleasantly surprised by the NASDAQ (Figure 1, green line) and S&P 500 (blue line) setting

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 92 Bcf

Natural Gas Inventories as of May 22, 2026 The EIA has released its natural gas inventory report, showing a net increase of 92 Bcf as of May 22, 2026. Working gas in storage was 2,483 Bcf as of Friday, May 22, 2026, according to EIA estimates. This represents a net increase of 92 Bcf from the previous week. Stocks were

The Appalachian Basin: The Gas Province That Made America the World’s LNG Superpower- oil and gas 360

The Appalachian Basin: The Gas Province That Made America the World’s LNG Superpower

(Oil & Gas 360) By Greg Barnett, MBA – If the Permian Basin is America’s oil engine, the Appalachian Basin is its natural gas foundation. Stretching across Pennsylvania, West Virginia, eastern Ohio, and parts of surrounding states, Appalachia has quietly become the largest natural gas producing basin in the United States—and one of the most consequential gas provinces in the

360 Energy Pulse: What mattered this week in energy- oil and gas 360

360 Energy Pulse: What mattered this week in energy

(By Oil & Gas 360) – Energy markets are becoming increasingly defined by shrinking buffers. This week, traders, policymakers, and producers all focused on the same concern: the world has less margin for disruption than it did even a year ago. Tight inventories, constrained LNG supply, and rising geopolitical pressure around Hormuz are forcing markets to reprice risk faster and

Plains oil pipeline shut down after rupture in East Los Angeles, company says- oil and gas 360

Plains oil pipeline shut down after rupture in East Los Angeles, company says

(Investing) – An oil pipeline operated by Plains All American in East Los Angeles, California, was shut down after a rupture, the company said on Friday. The line was struck by a third party conducting excavation work, the company added. It did not provide details on how much oil may have leaked or a timeline on when flows would be restored. The ruptured pipeline

US natural gas storage capacity rises in 2025, says EIA- oil and gas 360

US natural gas storage capacity rises in 2025, says EIA

(BOE Report) – U.S. underground natural gas storage capacity of the 375 active storage fields in the Lower 48 states increased in 2025, according to an annual report by the U.S. Energy Information Administration (EIA) on Thursday. The EIA uses two metrics to assess storage capacity: demonstrated peak capacity, which rose 0.1%, or 6 billion cubic feet (bcf), in 2025,

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 101 Bcf

Natural Gas Inventories as of May 15, 2026 The EIA has released its natural gas inventory report, showing a net increase of 101 Bcf as of May 15, 2026. Working gas in storage was 2,391 Bcf as of Friday, May 15, 2026, according to EIA estimates. This represents a net increase of 101 Bcf from the previous week. Stocks were

Goldman Sachs says US natural gas output shows signs of price sensitivity- oil and gas 360

Goldman Sachs says US natural gas output shows signs of price sensitivity

(BOE Report) – Goldman Sachs said in a note on Tuesday that U.S. natural gas production is showing signs of price sensitivity as Henry Hub prices moved back above $3 per million British thermal units this week for the first time since late March. The bank sees the ongoing signs of U.S. dry gas production price sensitivity as the most

Energy Market Assessment: Freedom of When/What/How to work has us heading to more prosperity- oil and gas 360

Energy Market Assessment: Freedom of When/What/How to work has us heading to more prosperity

(Oil & Gas 360) – Freedom Of When/What/How To Work Has Us Heading To More Prosperity, With Profitable, Yet Affordable, Oil & Nat. Gas Prices Driving & Providing.   Decision makers able to Do have today’s current month, closing crude oil futures price down at $101.02, down $11.93 from its April 7, $112.95 high.  The Strait of Hormuz closing, with Operation Epic