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May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 21:56 pmNatural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations[…]
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Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 20:21 pmEquinor ASA expects competition for LNG with Asia and weather to be the largest drivers of European natural gas prices as markets continue to shift, creating a floor for global benchmarks. After another mild winter helped Europe exit its second[…]
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TotalEnergies Amplifying U.S. RNG for Industrial Decarbonization
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 20:17 pmTotalEnergies SE has inked an agreement with BlackRock Inc.-backed Vanguard Renewables to advance nearly a dozen U.S. renewable natural gas (RNG) projects over the next year with total annual production capacity of 2.5 Bcf. Boston-based Vanguard, funded by BlackRock’s Diversified[…]
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LNG Said Vital for Argentina’s Vaca Muerta to Reach Potential
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 20:15 pmArgentina’s vast natural gas resources would only be fully developed with an LNG export facility, according to experts who spoke at a recent energy conference. “Clearly we think we need to develop the regional market,” said Pampa Energía’s director of[…]
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Natural Gas Forwards Mostly Lower as MVP Startup Impacts Summer Pricing
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 20:11 pmWith excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show.[…]
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U.S. Natural Gas Count Eases to 105; Oil Rigs Down Five, BKR Data Show
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 17:55 pmThe U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers[…]
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ExxonMobil Sees ‘Long-Term Future’ for Natural Gas and Oil – with Targets on Low Cost of Supply, Woods Says
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 15:18 pmExxonMobil will add more natural gas – including LNG – into the portfolio, both in the United States and overseas, as long as they are “advantaged investment opportunities,” according to CEO Darren Woods. During the quarterly conference call on Friday,[…]
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Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 13:14 pmDallas-based independent Matador Resources Co. delivered better-than-expected results during the first quarter, with Permian Basin-heavy natural gas production jumping 36%. Gas output reached nearly 390 MMcf/d, 4% higher than guidance. That came even as average realized gas prices were $2.96/Mcf,[…]
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Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 13:07 pmNatural gas exploration and production (E&P) companies in the Haynesville Shale continue to drive overall cuts to Lower 48 supply. Output there is down nearly 20% from a year earlier and continues to slide following well-telegraphed efforts to slow activity[…]
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Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
Daily GPI – Natural Gas Intelligence Apr 26, 2024 | 12:55 pmAs traders contemplated a swelling storage surplus amid mild springtime temperatures, natural gas futures were down sharply ahead of the front month expiration Friday. With volume thin in its final day of trading, the May Nymex contract was off 9.9[…]
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