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Hotter Forecast Trends Help Natural Gas Futures Rebound; Cash Stronger Out West
NGI Daily Gas Price Index Jul 22, 2019 | 21:25 pmIn contrast to last week’s heavy sell-off, natural gas futures rallied Monday on the promise of additional heat arriving later this month. Meanwhile, hotter temperatures helped spark strong spot price gains for much of California and the Rockies; the NGI[…]
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Halliburton Stacking Equipment with Eye on Lower 48 E&P Capex
NGI Daily Gas Price Index Jul 22, 2019 | 19:48 pmHalliburton Co., the largest pressure pumping operator in the Lower 48, stacked hydraulic fracturing equipment throughout the second...
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Methanex Sanctions Third Methanol Plant on Louisiana Coast
NGI Daily Gas Price Index Jul 22, 2019 | 19:40 pmWith fuel supplied by abundant Lower 48 natural gas, Methanex Corp. has sanctioned a 1.8 million metric ton/year (mmty) methanol plant in Geismar, LA, adjacent to its two existing facilities.
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Study Challenges Canadian Greenhouse Gas Reduction Policies
NGI Daily Gas Price Index Jul 22, 2019 | 15:41 pmCanadian greenhouse gas reduction policies exaggerate the national role in global climate change at the expense of fossil fuel producers and consumers alike, according to a review by the Fraser Institute.
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California City Bans Natural Gas in New Construction
NGI Daily Gas Price Index Jul 22, 2019 | 14:46 pmBerkeley, CA, the center of college student protests more than a half-century ago, has become the first U.S. city to ban the use of natural gas in new construction, effective at the beginning of next year.
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Hotter Than Normal Temps Expected to Start August as Natural Gas Futures Called Higher
NGI Daily Gas Price Index Jul 22, 2019 | 12:55 pmA hotter-trending forecast over the weekend for late July into early August helped lift natural gas futures several cents higher in early Monday trading. The August Nymex futures contract was up 2.5 cents to $2.276/MMBtu shortly after 8:30 a.m. ET.
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Bears Tighten Grip on Natural Gas Futures as Summer Heat Fails to Impress
NGI Daily Gas Price Index Jul 19, 2019 | 21:23 pmNatural gas futures prices sold off again Friday to cap off a decidedly bearish week, with the latest forecasts not promising enough summer cooling demand to appease a well-supplied market. With the intense and widespread heat expected to subside after[…]
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Nuclear Subsidies Nearing Reality in Ohio After Senate Passes Legislation
NGI Daily Gas Price Index Jul 19, 2019 | 20:14 pmThe Ohio Senate has passed a bill to prop up two nuclear power plants in the state operated by bankrupt subsidiaries of FirstEnergy Corp.
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U.S. Adds Two Natural Rigs, But Oil Count Slides
NGI Daily Gas Price Index Jul 19, 2019 | 19:07 pmThe U.S. natural gas rig count picked up two units to finish at 174 for the week ended July 19, though a slowdown in the oil patch drove the overall domestic count lower, according to data from Baker Hughes, a[…]
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Natural Gas Forwards Swing Sharply Lower as Forecasts Cool
NGI Daily Gas Price Index Jul 19, 2019 | 16:40 pmU.S. natural gas forward prices continued on the wild ride they’ve been on the last few weeks, posting steep losses -- one week after putting up equally sharp gains -- as weather models that had called for scorching temperatures throughout[…]
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