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DT Midstream Forecasting Higher U.S. Natural Gas Prices as Rising LNG Demand Looms
Markets
Natural Gas Futures Slump Second Day Amid Elusive Demand, LNG Uncertainty; Cash Prices Fall
Natural gas futures extended losses on Wednesday as forecasts pointed to benign conditions and LNG demand proved soft, offsetting continued light production estimates and expectations for a seasonally bullish storage print. At A Glance: Unsupportive weather outlook Production hovers near 97 Bcf/d NGI models 56 Bcf storage build Coming off a 3.9-cent decline the prior…
May 1, 2024Natural Gas Prices
May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat
Natural gas prices slipped lower in May bidweek trading as the month’s expected uptick in cooling demand was upstaged by hefty inventory levels and recent bumpy performances by Gulf Coast LNG terminals. NGI’s May Bidweek National Avg. fell 7.0 cents month/month to $1.240/MMBtu. Trading for the latest bidweek period spanned April 24, 25 and 26…
May 1, 2024E&P
Mexico Natural Gas Production Continues to Slide as Cheap U.S. Supply on the Rise
Mexico’s natural gas production averaged 3.90 Bcf/d in March 2024, down from 4.35 Bcf/d in March 2023. State oil company Petróleos Mexicanos (Pemex) accounted for 3.70 Bcf/d of the total, compared to 4.13 Bcf/d in the year-ago month, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. Private sector operators supplied the remainder. Pemex…
May 1, 2024International
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion
QatarEnergy has signed another three agreements to secure even more LNG shipping, this time chartering what the company calls QC-Max vessels that would be built in China. QatarEnergy signed long-term charter party agreements for four liquefied natural gas vessels from China Merchants Group, three vessels from Shandong Marine Group and two vessels from China LNG…
May 1, 2024Trending News
Natural Gas Prices
May Bidweek Natural Gas Prices Slide as Storage Containment Worries Outmuscle Incoming Heat
May 1, 2024International
Qatar Continues Push to Secure LNG Shipping Ahead of North Field Expansion
May 1, 2024Earnings