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(Reuters) U.S. natural gas futures rose more than 1% to a near three-week high on Monday, supported by a drop in output in recent days and forecasts for hotter weather that should boost the amount of gas power generators burn to keep air conditioners humming. Front-month gas futures for September delivery on the New York …
US Natgas Hits Near 3-Week High on Output Drop, Hotter Weather Forecasts Read More »
(Reuters) U.S. natural gas futures touched an over two-week peak on Friday, aided by forecasts for hotter weather and higher demand for the next week. Front-month gas futures for September delivery on the New York Mercantile Exchange were up 0.7 cent, or about 0.3%, at $2.13 per million British thermal units at 10:14 a.m. EDT …
US Natgas Prices Hit Two-Week High on Hot Weather Outlook, Higher Demand Forecasts Read More »
Disappointing U.S. jobs data has shaken confidence in a soft landing for the world’s largest economy, sending global equity markets tumbling and bets on interest rate cuts surging. But investors abandoning a popular yen carry trade has played a big role in the selloff, complicating the message from asset prices on the economic outlook. The …
Recession Risks Roil Markets but Not Yet Alarming Read More »
(Reuters) – Heavy fighting near the Russian town of Sudzha, where Russian gas flows into Ukraine, has raised concerns over a sudden stop to transit flows via Ukraine before a five-year deal with Russia’s Gazprom expires. The Ukraine gas transit route enables Russia to export gas to Europe via Ukraine. The transit deal is set …
Explainer: What happens if Russian Gas Transit via Ukraine Stops? Read More »
The U.S. Energy Information Administration on Tuesday forecast a larger decline in natural gas output this year compared to earlier estimates, citing record low prices earlier in 2024 that forced producers to curtail gas production. U.S. natural gas output will average around 103.3 billion cubic feet per day (bcfd) this year, the EIA said in …
EIA Forecasts Larger Decline in U.S. Natural Gas Output for 2024 Read More »
U.S. oil and gas production show further signs of flattening out or turning down, a delayed response to the decline in prices over the last two years after the initial shock caused by Russia’s invasion of Ukraine in early 2022. Total crude and condensates production from the Lower 48 states, excluding federal waters in …
U.S. Oil and Gas Output Curbed by Lower Prices: John Kemp Read More »
Williams Cos got the green light to continue building its Louisiana Energy Gateway project (LEG) on Wednesday, a natural gas pipeline, after a court threw out rival company, Energy Transfer’s last bid to halt its construction. The two companies have been in dispute over Williams’ LEG project, under construction in Texas and Louisiana, after Energy …
Williams to Resume Louisiana Natgas Pipeline Project, Ending Feud with Energy Transfer Read More »
Summary Profit down 19% quarter on quarter Weak refining margins and trading results weigh Plans a further $3.5 billion in buybacks (Reuters) – Shell reported second-quarter profit of $6.3 billion, a drop of 19% from the previous three months as refining margins and oil and gas trading weakened, though still beating analysts’ forecasts. The results were …
Shell Beats Forecasts With $6.3 Billion Second Quarter Profit Read More »
To meet their 2030 climate goals, fossil fuel producers need to curtail methane releases in key regions. One of the most comprehensive aerial surveys of methane gushing from US oil and gas facilities shows operators must slash emissions by roughly 80% or more to meet major industry targets. The nonprofit Environmental Defense Fund conducted about …
U.S. Oil and Gas Must Cut Methane 80% to Meet Industry Targets, New Data Shows Read More »
By Gavin Maguire LITTLETON, Colorado, July 30 (Reuters) – The power sector is the only major consumer of natural gas that has shown consistent demand growth in recent years, and has become the driving force behind natural gas demand in the United States as consumption from other sectors declines. Natural gas use by power generators …
Power Sector Drives Growth in US Natural Gas Demand Read More »
