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Natural gas production

US shale oil output to rise
Markets

US shale oil output to rise

NEW YORK: Crude output from seven major shale formations is expected to rise by 42,000 bpd in August, to 7.907...
Published 13 Jul, 2021 03:22am
India's natural gas consumption starts to rebound in June
Markets

India's natural gas consumption starts to rebound in June

  • "In the Indian market there was some slowdown, but the situation is not as bad as last year," Manoj Jain.
  • Due to falling local gas consumption in April and May, GAIL diverted two cargoes to international markets while Petronet deferred one cargo for delivery in June.
Published 09 Jun, 2021 06:52pm
US natgas futures hold near one-week high ahead of storage report
Markets

US natgas futures hold near one-week high ahead of storage report

  • On its first day as the front-month, gas futures for July delivery fell 2.9 cents, or 1.0%, from where the July contract closed on Wednesday to $2.998 per million British thermal units.
  • US pipeline exports to Mexico, meanwhile, averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.
Published 27 May, 2021 06:39pm
US natgas futures rise to one-week high on surging global prices
Markets

US natgas futures rise to one-week high on surging global prices

  • That US price gain came despite forecasts for milder weather and lower demand over the next two weeks than previously expected, a decline in exports and a slow but steady increase in output this month.
  • The July contract, which will soon be the front-month, gained about 3 cents to $3.00 per mmBtu.
Published 26 May, 2021 08:44pm
North Dakota monthly natgas output rises in March
Markets

North Dakota monthly natgas output rises in March

  • Monthly production touched an all-time high of 3.145 bcfd in November 2019.
  • Producers burned off, or flared, 0.184 bcfd of gas in March, down from 0.203 bcfd in February, the commission said, dropping the percentage of gas flared to 6% from 8%.
Published 20 May, 2021 07:00pm
US natgas futures soar to 3-month high on rising air conditioner use
Markets

US natgas futures soar to 3-month high on rising air conditioner use

  • Front-month gas futures rose 16 cents, or 5.4%, to $3.121 per million British thermal units (mmBtu) .
  • Data provider Refinitiv said gas output in the Lower 48 US states averaged 90.9 billion cubic feet per day (bcfd) so far in May, up from 90.6 bcfd in April, but still well below November 2019's monthly record of 95.4 bcfd.
Published 17 May, 2021 08:52pm
US natgas futures steady ahead of storage report
Markets

US natgas futures steady ahead of storage report

  • That lack of price movement came despite forecasts for cooler weather and higher heating demand over the next two weeks than previously expected.
  • Front-month gas futures remained unchanged at $2.941 per million British thermal units.
Published 06 May, 2021 07:01pm
US natgas futures climb to fresh 10-week high on cooler forecast
Markets

US natgas futures climb to fresh 10-week high on cooler forecast

  • Front-month gas futures rose 2.8 cents, or 0.9%, to $2.994 per million British thermal units.
  • That kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a seventh straight day for the first time since November 2019.
Published 04 May, 2021 07:44pm
US natgas futures rise for 5th day on cooler forecasts
Markets

US natgas futures rise for 5th day on cooler forecasts

  • Traders noted that even though temperatures may be lower, they were expected to remain around near-normal levels through late April.
  • Front-month gas futures rose 6.2 cents, or 2.4%, to $2.623 per million British thermal units.
Published 13 Apr, 2021 08:19pm
US natgas futures flat as mild weather offsets record LNG exports
Markets

US natgas futures flat as mild weather offsets record LNG exports

  • On its second to last day as the front-month, gas futures for April delivery remained unchanged at $2.568 per million British thermal units (mmBtu) .
  • Traders noted the 200-day moving average has become a strong price floor or technical level of support. The front-month has not settled below the 200-day since September 2020.
Published 26 Mar, 2021 08:16pm
US natgas futures slide ahead of expected small storage withdrawal
Markets

US natgas futures slide ahead of expected small storage withdrawal

  • If correct, last week's decrease would cut stockpiles to 1.776 trillion cubic feet (tcf), which would be 5.3% below the five-year average of 1.875 tcf for this time of year.
  • Front-month gas futures fell 3 cents, or 1.2%, to $2.498 per million British thermal units.
Published 18 Mar, 2021 08:34pm