Natural Gas News – October 5, 2026
Natural Gas News – October 5, 2026
US Energy Firms Cut Rigs for First Time in 6 Weeks
The oil and gas rig count declined by 7% in 2025, 5% in 2024, and 20% in 2023 as lower U.S. oil prices prompted energy firms to focus more on boosting shareholder returns and paying down debt rather than increasing output. But now with spot U.S. West Texas Intermediate (WTI) crude prices expected to rise in 2026 due to supply disruptions from the U.S.-Israeli war on Iran after declining in 2023, 2024, and 2025, the U.S… https://tinyurl.com/3huvrm49
Hormuz LNG Flows Still Down More Than 75%
LNG traffic at the Strait of Hormuz appears to be ticking up despite increased threats to shipments in the chokepoint in recent days. At least three LNG carriers have transited the Strait of Hormuz outbound since the end of last week, tanker-traffic data compiled by Bloomberg and Kpler showed on Monday. The increase in LNG shipments extends the rebound in transits in September, but the flows of liquefied natural gas remain over 75% below the levels seen before the Iran war… For More info go to https://tinyurl.com/mr29afa8
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