Natural Gas News – October 14, 2021 U.S. natgas edges up on lower output, higher heating demand U.S. natural gas futures edged up on Wednesday with a decline in output over the past couple of days, forecasts for higher heating use during the next two weeks and a near 8% increase in gas prices in […]
Natural Gas News – October 12, 2021 Oil Price Jumps Above $80 and Natural Gas Races Higher, Turbocharged by.. The extended climb in oil prices is leaving some other industrial commodities behind, a divergence that reflects bets that energy supply shortages will offset any slowdown in the global economy. U.S. crude rose 1.5% to $80.52 […]
Natural Gas News – October 7, 2021 A cargo ship of LNG costs $281m. It was just $10m in 2020 Soaring international gas prices have triggered a near 30-fold spike in the value of a single spot cargo ship of LNG to more than $US205 million ($281.8 million) in a price surge that delivers a […]
Natural Gas News – October 5, 2021 Henry Hub gas futures prices flirt with $6 level amid sustained supply crunch NYMEX Henry Hub prompt-month futures surged briefly to over $6 in Oct. 4 trading as US gas production stumbles below 90 Bcf/d with storage inventories still trailing typical pre-winter levels. The November contract ended trading […]
Natural Gas News – September 30, 2021 NYMEX Henry Hub gas nears $6 on supply concerns, lingering Ida impact The NYMEX Henry Hub prompt-month natural gas contract continued a four-day rally Sept. 28, nearing heights last seen in February 2014, as a slow restart to Gulf of Mexico gas production following Hurricane Ida compounds supply […]
Natural Gas News – September 28, 2021 Oil Hits Three-Year High as Natural-Gas Crunch Spills Into Crude Market A shortfall in global energy supplies spilled into crude markets on Tuesday, pushing oil prices to their highest levels in three years. Brent crude oil, the global benchmark, grazed the $80-a-barrel mark in early trading and was […]
Natural Gas News – September 23, 2021 It’s Going to Be an Expensive Winter for Natural Gas Global supply of natural gas has been at some of its lowest reserves thanks to a year of historic weather events, from freezing, to drought, to hurricanes, and natural gas prices are already surging. With winter still looming, […]
Natural Gas News – September 21, 2021 Industrials group points to winter gas price increase to push for limits on US Seizing on higher US natural gas prices expected this winter, a group of industrial manufacturers is making a pitch for the Department of Energy to limit LNG exports and put a hold on some […]
Oil prices dropped significantly yesterday following shockwaves caused by Evergrande, a Chinese real estate behemoth. The company, which owes $300 billion to its partners and earned just $8 billion this year, has seen its stock price fall 85% over the past six months. Some have compared their financial woes to the Lehman Brothers’ collapse in […]
Natural Gas News – September 16, 2021 Europe’s Gas Extends Record Rally on Russian Supply Woes, Wind Natural gas prices in Europe continued their record-breaking run as uncertainties about supply security this winter worsen. Power prices also surged to a new high amid after a disruption on a power link with France. Uncertainties over Russia’s […]
