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Topic

Natural gas production

US shale oil output to rise

US shale oil output to rise

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

India's natural gas consumption starts to rebound in June

Published 09 Jun, 2021 06:52pm
  • "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.
US natgas futures hold near one-week high ahead of storage report

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

Published 27 May, 2021 06:39pm
  • 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.
US natgas futures rise to one-week high on surging global prices

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

Published 26 May, 2021 08:44pm
  • 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.
North Dakota monthly natgas output rises in March

North Dakota monthly natgas output rises in March

Published 20 May, 2021 07:00pm
  • 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%.
US natgas futures soar to 3-month high on rising air conditioner use

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

Published 17 May, 2021 08:52pm
  • 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.
US natgas futures steady ahead of storage report

US natgas futures steady ahead of storage report

Published 06 May, 2021 07:01pm
  • 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.
US natgas futures climb to fresh 10-week high on cooler forecast

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

Published 04 May, 2021 07:44pm
  • 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.
US natgas futures rise for 5th day on cooler forecasts

US natgas futures rise for 5th day on cooler forecasts

Published 13 Apr, 2021 08:19pm
  • 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.
US natgas futures flat as mild weather offsets record LNG exports

US natgas futures flat as mild weather offsets record LNG exports

Published 26 Mar, 2021 08:16pm
  • 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.
US natgas futures slide ahead of expected small storage withdrawal

US natgas futures slide ahead of expected small storage withdrawal

Published 18 Mar, 2021 08:34pm
  • 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.
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