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West Coast Natural Gas Hubs Seeing Winter Basis Rise from the Ashes of Oil’s Fall
NGI Daily Gas Price Index May 27, 2020 | 13:40 pmA number of western U.S. demand hubs have experienced notable basis uplift over the past month as the collapse in oil prices has decimated drilling activity and scrambled the Lower 48 supply outlook for the 2020/21 winter, NGI pricing data[…]
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Global Oil, Gas Investments Facing ‘Unparalleled Decline,’ with Shale, Tight Resource Funding Slumping Sharply
NGI Daily Gas Price Index May 27, 2020 | 13:31 pmThe Covid-19 crisis, unsurprisingly, has caused global energy investments to fall more than ever, with “serious implications” for security and the transition to alternative fuels, the International Energy Agency (IEA) said Wednesday.
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Natural Gas Futures Called Lower as Traders Continue Watching LNG, Production
NGI Daily Gas Price Index May 27, 2020 | 13:00 pmWith natural gas traders continuing to monitor production and export declines, along with signs of demand recovery as coronavirus-related lockdowns ease, futures were trading a few cents lower early Wednesday. The expiring June contract was off 3.9 cents to $1.754/MMBtu[…]
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Natural Gas Futures Firm as Demand Picture Slowly Improves; Cash Surges Post-Holiday
NGI Daily Gas Price Index May 26, 2020 | 21:07 pmNatural gas futures strengthened Tuesday, with demand continuing to increase as economies reopen amid the coronavirus pandemic and as weather models boosted heat in the coming weeks. The June Nymex gas futures contract climbed 6.2 cents to settle at $1.793.[…]
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U.S. Energy Leaders BP, ExxonMobil, Chevron, Shell Join Forces with Peers to Continue Advocating Climate Change Initiatives
NGI Daily Gas Price Index May 26, 2020 | 19:22 pmOne day ahead of their annual shareholder meetings, ExxonMobil CEO Darren Woods and Chevron Corp. CEO Mike Wirth joined their global natural gas and oil peers, including BP plc and Royal Dutch Shell plc, to advocate climate change initiatives even[…]
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PG&E Bankruptcy Exit Gains Approval from Creditors
NGI Daily Gas Price Index May 26, 2020 | 19:15 pmPacific Gas and Electric Co. and its parent company last Friday gained approval to reorganize and exit Chapter 11 bankruptcy, including approval from the wildfire victims, with more than 85% voting in favor of the plan.
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Total Strengthens European LNG Demand with Acquisition in Spain
NGI Daily Gas Price Index May 26, 2020 | 14:17 pmTotal SA is strengthening its hand in Europe and folding in more demand for its robust liquefied natural gas assets in a deal to acquire...
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TC Gains Financing to Advance Coastal GasLink, Conduit for LNG Canada Exports
NGI Daily Gas Price Index May 26, 2020 | 13:36 pmTC Energy Corp. on Monday closed investment and loan deals to build the Coastal GasLink pipeline for the Royal Dutch Shell plc-led liquefied natural gas export project underway on the northern coast of British Columbia.
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Forecasts Warm Over Weekend as Natural Gas Futures Called Higher; LNG Hits New Monthly Low
NGI Daily Gas Price Index May 26, 2020 | 12:56 pmSupported by warmer weather trends and a modest recovery in export demand after flows reached new lows over the Memorial Day weekend, natural gas futures were up several cents in early trading Tuesday.
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Natural Gas Futures See Modest Bump Ahead of Holiday Weekend; Cash Mixed
NGI Daily Gas Price Index May 22, 2020 | 21:49 pmNatural gas futures traded both sides of even on Friday as the market steadied a bit while continuing to weigh steep production cuts, seasonal weather and hefty liquefied natural gas demand losses. The June Nymex gas futures contract ultimately closed[…]
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