(Investing) – U.S. natural gas producers will boost output in 2025 following a series of production cuts this year, as rising demand from liquefied natural gas export plants is expected to increase prices that had fallen to multi-decade lows. U.S. production is on track to decline in 2024 for the first time since 2020, when the COVID pandemic reduced demand, according to the
Natural Gas Inventories as of November 15, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 3 Bcf as of November 15, 2024. Working gas in storage was 3,969 Bcf as of Friday, November 15, 2024, according to EIA estimates. This represents a net decrease of 3 Bcf from the previous week. Stocks were
(Oil and Gas 360) – While Temperatures Delightfully Mild Keep The Consensus Natural Gas And Oil Bearish, Deep Data Continues Showing Bullish, Supply/Demand Trends. Our prediction, that many will soon be caught oil and natural gas short is based on our decades of analysis of The Climate and constant focus on the economy and markets. Last week last year natural gas produced
(Oil Price) – Ethane production in the United States, where nearly all ethane is recovered at natural gas processing plants, has eased in recent weeks from record highs set earlier this year. Record U.S. natural gas production last year led to record volumes of ethane recovery at processing plants in the first half of 2024. However, recovery has recently fallen from
(Oil Price) – Global natural gas demand rose by 6.1 billion cubic meters (bcm) in September from a year earlier, and inventories jumped to a record high, the Joint Organizations Data Initiative (JODI) said in its monthly oil and gas overview on Monday. Worldwide natural gas production also rose year-over-year by 7.65 bcm in September, according to the latest data after 52 countries
(BOE Report) – The amount of gas flowing to the seven big operating U.S. liquefied natural gas export plants was on track to rise to a nine-month high on Thursday as feedgas to a few plants hit multi-week highs, according to data from financial firm LSEG. The energy market cares about feedgas flows to U.S. LNG plants because exports have
Natural Gas Inventories as of November 8, 2024 The EIA has released its natural gas inventory report, showing a net increase of 42 Bcf as of November 8, 2024. Working gas in storage was 3,974 Bcf as of Friday, November 8, 2024, according to EIA estimates. This represents a net increase of 42 Bcf from the previous week. Stocks were
(Oil Price) – U.S. natural gas futures jumped over 10% to $2.94/MMBtu in Monday’s trading session after production disruption in the Gulf of Mexico in the wake of Hurricane Rafael. According to the U.S. Bureau of Safety and Environmental Enforcement (BSEE), 482,790 barrels of oil and 310 million cubic feet of natural gas, representing more than 25% of oil and 16% of natural
Natural Gas Inventories as of November 1, 2024 The EIA has released its natural gas inventory report, showing a net increase of 69 Bcf as of November 1, 2024. Working gas in storage was 3,932 Bcf as of Friday, November 1, 2024, according to EIA estimates. This represents a net increase of 69 Bcf from the previous week. Stocks were
(Oil & Gas 360)—One of the more closely watched state initiatives in this election with potential national ramifications is one in Washington State that would make it more difficult and costly to use natural gas in housing construction and business operations. Initiative 2066 seeks to protect energy consumers’ rights to have a natural gas option for power. While Washington state has
Natural Gas Inventories as of October 25, 2024 The EIA has released its natural gas inventory report, showing a net increase of 78 Bcf as of October 25, 2024. Working gas in storage was 3,863 Bcf as of Friday, October 25, 2024, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were
(World Oil) – U.S. natural gas production from shale and tight formations, which accounts for 79% of dry natural gas production, decreased slightly in the first nine months of 2024 compared with the same period in 2023, according to a report by the U.S. Energy Information Administration (EIA). If this trend holds for the remainder of 2024, it would mark
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