US natural gas in storage likely rose by below-average volumes as Henry Hub futures surge US natural gas stocks likely increased at a below-average rate once again last week as the return of LNG demand combined with sustained lower domestic production trims the storage surplus, providing significant uplift to futures at the benchmark Henry Hub, […]
Natural Gas News – July 30, 2020 U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia U.S. exports of liquefied natural gas (LNG) have been growing steadily and reached a new peak of 4.7 billion cubic feet per day (Bcf/d) in May 2019, according to the latest data published […]
Natural Gas News – July 23, 2020 US LNG cargo cancellations slow for September Sluggish global demand for liquefied natural gas (LNG) continued to push US LNG buyers to cancel cargo loading for September, according to industry sources for Reuters. However, the pace of cancellation in September seems to have slowed down. Some sources estimate […]
NGN July 20, 2020 North Dakota’s May oil output falls 30% on month as DAPL shutdown clouds outlook North Dakota oil and natural gas production saw its sharpest monthly drop on record in May, as low prices and weak demand continued to curb drilling activity while the looming shutdown of the Dakota Access Pipeline threatens […]
High inventories, wider price contango boost LNG floating storage in July Spot LNG prices languishing at record lows and a steep contango along the forward curve into the winter months has encouraged traders to monetize the market structure by floating their ships into the forward delivery months. There has been a steady build up of […]
Nat Gas News – July 13, 2020 Berkshire’s bet on LNG underscores value of existing export facilities Warren Buffett decided to bet on U.S. LNG at a time of tremendous uncertainty for global gas markets. Global LNG demand has taken a massive hit from the coronavirus pandemic and could take years to recover. Utilization rates […]
Natural Gas News – July 9, 2020 Natural Gas Price Fundamental Daily Forecast – Robust Cooling Demand Could Drive Market to $2.00 Exports of natural gas by pipeline are the largest component of U.S. natural gas trade, accounting for 40% of all U.S. gross natural gas exports in 2019. EIA expects these exports to increase […]
Nat Gas News – July 6, 2020 Warren Buffett’s Berkshire Buys Dominion Energy Natural Gas Assets in $10 Billion Deal Warren Buffett’s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals […]
Nat Gas News – July 2, 2020 Mexico gas imports test record highs fueled by summer heat, downstream openings Mexico’s gas imports from the US are poised to hit record highs in the weeks ahead, propelled by rising summer temperatures and potentially by an imminent opening in new downstream demand. In late June, exports twice […]
Nat Gas News June 29, 2020 China’s record U.S. crude imports in July underscores trade deal failure A record amount of crude oil is heading from the United States to China next month, but rather than signaling that the trade deal between the two countries is working, it serves to underscore just how far Beijing […]
