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U.S. natural gas futures fell more than 3% on Thursday as investors awaited a weekly storage report and booked profits following a rally in the previous session spurred by Chesapeake Energy’s decision to cut its planned output for 2024. Front-month gas futures fell 5.4 cents, or 3.1% at $1.719 per million British thermal units at …
U.S. Natgas Rally Cools as Investors Await Storage Report Read More »
OKLAHOMA CITY, Feb. 20, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported fourth quarter and full-year 2023 results and issued 2024 guidance. Fourth Quarter 2023 Highlights: Net cash provided by operating activities of $470 million Net income totaled $569 million, or $4.02 per fully diluted share; adjusted net income(1) totaled $185 million, or $1.31 per …
The U.S. natural gas spot price is projected to average higher in 2024 and 2025 compared with last year but will remain below the $3.00-per-million British thermal units (MMBtu) mark, the U.S. Energy Information Administration (EIA) said on Monday. “We forecast increases in natural gas prices as demand for natural gas grows faster than supply …
U.S. Natgas Price to Average Higher in 2024 and 2025 – EIA Read More »
Portfolio investors raced to build bullish positions in petroleum at the end of January amid signs the business cycle slowdown is coming to an end and fears about attacks on tankers near southwestern Arabia. Hedge funds and other money managers purchased the equivalent of 97 million barrels in the six most important petroleum futures and …
Oil Investors Try to Get Bullish as Global Economy Improves: John Kemp Read More »
A top U.S. Energy Department official will testify at Feb. 8 Senate Energy Committee hearing looking into President Joe Biden’s pause on new approvals for liquefied natural gas (LNG) exports, the Energy Department said on Thursday. Biden paused the approvals last week so his administration can look into the environmental and economic impacts of the …
U.S. Official to Testify at Senate Hearing Looking into Biden’s LNG Pause Read More »
SHELL PLC 4TH QUARTER 2023 AND FULL YEAR UNAUDITED RESULTS SHELL PLC 4th QUARTER 2023 AND FULL YEAR UNAUDITED RESULTS SUMMARY OF UNAUDITED RESULTS Quarters $ million Full year Q4 2023 Q3 2023 Q4 2022 %¹ Reference 2023 2022 % 474 7,044 10,409 -93 Income/(loss) attributable to Shell plc shareholders 19,360 42,309 …
The United States is seeking to buy about 3 million barrels of U.S.-produced sour crude for the Strategic Petroleum Reserve for delivery in June, Department of Energy documents showed on Tuesday. The administration of President Joe Biden is slowly replenishing the emergency stash after selling 180 million barrels in 2022 following Russia’s invasion of Ukraine. …
U.S. Seeks to Buy About 3 Million Barrels of Oil for SPR for June Delivery Read More »
Bloomberg Hundreds of billions of dollars pumped into new gas plants in recent years will likely delay the shift away from fossil fuels. A huge wave of liquefied natural gas is about to flood a world that’s supposed to be transitioning away from fossil fuels. More than $235 billion has been plowed into the next slate of projects for the …
LOOK OUT! Here Comes LNG as Big Spending Cements LNG in Energy Mix for Decades to Come Read More »
