(Oil Price) – As U.S. natural gas prices jumped to a three-year high, coal has become a cheaper power-generating fuel for utilities, which are set to run coal-fired generators harder this winter. U.S. benchmark natural gas prices at Henry Hub have jumped from $4.23 per million British thermal units (MMBtu) at the start of November to above $5 per MMBtu by early December.
(World Oil) – Equinor and Aker BP have announced a new gas and condensate discovery in the North Sea after drilling two exploration wells at the Lofn and Langemann prospects, marking a promising start for Production Licence 1140. The wildcat wells—15/5-8 S and 15/5-8 A—were drilled about 7 km north of the Eirin field and roughly 240 km west of Stavanger using Odfjell Drilling’s Deepsea
(BOE Report) – CALGARY – A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same. U.S. Energy Secretary Chris Wright requested the study on permitting from the National Petroleum Council, which includes 200
(Investing) – A cold start to winter and record liquefied natural gas (LNG) flows have helped drive a strong rally in prices since mid-October, said analysts at Morgan Stanley, seeing further upside ahead. At 08:55 ET (13:55 GMT), natural gas prices fell 0.5% to $4.968 per million British thermal units, or MMBtu, but are up over 17% over the course of
(World Oil) – The National Petroleum Council (NPC) has released the first two reports in its Future Energy Systems series, outlining a suite of reforms aimed at strengthening U.S. energy reliability as electricity demand accelerates. The reports—requested by U.S. Energy Secretary Chris Wright—call for streamlined permitting, clearer accountability frameworks, and improved coordination between natural gas and electric market regulators. NPC Chair
(Council of the EU) – Today, the Council presidency and the European Parliament’s representatives reached a provisional agreement on the regulation to phase out imports of Russian natural gas. The regulation constitutes a central element of the EU’s REPowerEU roadmap to end dependency on Russian energy following Russia’s weaponisation of gas supplies with significant effects on the European energy market. The regulation introduces a
(BOE Report) – Soaring U.S. natural gas prices are eroding profit margins for the nation’s LNG producers, a trend that could deepen in the coming years, forcing exports to drop as global competition heats up. U.S. benchmark Henry Hub gas prices spiked on Wednesday to their highest level in three years at over $5 per million British thermal units (mmbtu)
Natural Gas Inventories as of November 28, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 12 Bcf as of November 28, 2025. Working gas in storage was 3,923 Bcf as of Friday, November 28, 2025, according to EIA estimates. This represents a net decrease of 12 Bcf from the previous week. Stocks were
(World Oil) – Aramco has begun gas production from the first phase of its Jafurah development, marking a major step in Saudi Arabia’s push to scale unconventional resources and expand domestic gas supply. According to Reuters, the milestone was disclosed in the Saudi Ministry of Finance’s 2026 budget statement, which listed the start-up as a key 2025 achievement. Jafurah is considered the
(Oil Price) – U.S. coal-fired power generation is set to rebound in the winter months as surging natural gas prices prompt utilities to switch from gas to using more coal. U.S. benchmark natural gas prices at Henry Hub have jumped from $4.23 per million British thermal units (MMBtu) at the start of November to nearly $5 per MMBtu by early December. Early on
(Oil Price) – The provincial government of Alberta, Canada’s key oil and gas-producing province, has advised the Alberta Energy Regulator to go soft on imposing penalties for excess flaring, Reuters reported on Monday, citing documents it had obtained through access to information laws. The provincial government has urged the regulator to take a “softer” tone in communication with companies that are found to
(Oil Price) – ADNOC Gas has signed a $4 billion deal to supply natural gas to EMSTEEL, the largest listed steel and building materials company in the United Arab Emirates, for 20 years beginning in 2027. Through the agreement, ADNOC Gas will supply lower-carbon natural gas to power EMSTEEL’s operations and future growth, the gas unit of the Abu Dhabi
