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Commentary: U.S. Oil Futures Primed for Another Squeeze on Cushing: Kemp

U.S. crude oil inventories have begun to deplete, especially around the NYMEX futures delivery point at Cushing in Oklahoma and across the Midwest, creating conditions for a squeeze on nearby futures prices. Front-month futures prices and calendar spreads have already risen consistently since the middle of December as traders react to signs the market is …

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Impact of U.S. Pause on New LNG Project Approval Could Take Years to Manifest – TD Cowen

U.S. President Joe Biden paused pending approvals of exports from new liquefied natural gas projects, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. TD Cowen says it sees the timing as “suspicious” and don’t expect finalized policy reform before election. “We believe the global …

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Companies Most Affected by U.S. Pause on LNG Export Permits

U.S. President Joe Biden’s administration on Friday announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. Many companies have been waiting for the U.S. to green light licenses to export LNG to their …

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U.S. Natgas Prices Jump 6% Ahead of Contract Expiry, Slow Output Return

U.S. natural gas futures jumped about 6% to a one-week high in volatile trade on Friday ahead of contract expiration on forecasts for higher demand in two weeks when the weather turns slightly cooler and with the slow return of output from last week’s Arctic freeze. Traders noted prices fell by over 5% earlier in …

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INFOGRAPHIC: Views on Energy Sources by Party – ENERGYminute

By Aaron Foyer The topic of energy in the United States is a complex one, with varying viewpoints across the political spectrum. Republican Views Fossil fuels: Generally support the continued use of fossil fuels like oil, natural gas, and coal. They argue that these resources are crucial for economic growth, energy independence, and job creation. Regulatory …

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U.S. Natgas Prices Steady After Paring Gains on Expected Massive Storage Draw

U.S. natural gas futures were little changed after giving up earlier gains of over 5% on Thursday following a federal report showing last week’s storage withdrawal was massive but in line with analysts estimates. Earlier in the session, prices were up on forecasts for cooler weather and higher heating demand next week than previously expected …

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Deal in the Works? EnCap Eyes $5 billion Sale of Shale Producer Grayson Mill

Private equity firm EnCap Investments is exploring a sale of Grayson Mill Energy that could value the Bakken shale-focused oil and gas producer at around $5 billion, inclusive of debt, people familiar with the matter said on Thursday. EnCap has tapped investment bank Jefferies Financial Group to run a sale of Grayson Mill, the sources …

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