Friday, January 17, 2025
Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 42 Bcf

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

U.S. natural gas prices jump over 10% after Hurricane Rafael hits- oil and gas 360

U.S. natural gas prices jump over 10% after Hurricane Rafael hits

(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

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 69 Bcf

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

No more natural gas in Washington State? Voters to say- oil and gas 360

No more natural gas in Washington State? Voters to say

(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

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 78 Bcf

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

EIA reports decline in 2024 U.S. shale natural gas production- oil and gas 360

EIA reports decline in 2024 U.S. shale natural gas production

(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

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 80 Bcf

Natural Gas Inventories as of October 18, 2024 The EIA has released its natural gas inventory report, showing a net increase of 80 Bcf as of October 18, 2024. Working gas in storage was 3,785 Bcf as of Friday, October 18, 2024, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were

Energy Market Assessment: Mild temperatures are minimizing oil & gas demand- oil and gas 360

Energy Market Assessment: Mild temperatures are minimizing oil & gas demand

(Oil & Gas 360)- While delightfully mild temperatures are minimizing oil & natural gas demand, prices, and expectations, infrastructure trends are bullish. Most of the summer was warmer than normal, and two devastating Hurricanes encouraged those convinced using fossil fuels has mankind heading to disaster, adding to the many disaster predictions that have already failed. Only five Summer weeks were cooler

EU hits 95% full natural gas storage ahead of winter- oil and gas 360

EU hits 95% full natural gas storage ahead of winter

(Oil Price) – The EU’s natural gas storage is already at 95% full, data from Gas Infrastructure Europe show, after the bloc reached in August its target to have 90% full storage well ahead of its self-imposed binding deadline, November 1. In the middle of August, the EU reached its target of filling gas storage facilities to 90% of capacity 10 weeks ahead of

Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output- oil and gas 360

Texas natural-gas pipeline eases bottlenecks, paves way for higher shale output

(BOE Report) – A new pipeline carrying shale natural gas from west Texas toward export hubs on the U.S. Gulf Coast has eased constraints that crashed local prices this year, and will help pave the way for higher U.S. oil production, energy executives said. Pipeline companies largely quit adding new capacity following the pandemic, when shale production dried up and

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 76 Bcf

Natural Gas Inventories as of October 11, 2024 The EIA has released its natural gas inventory report, showing a net increase of 76 Bcf as of October 11, 2024. Working gas in storage was 3,705 Bcf as of Friday, October 11, 2024, according to EIA estimates. This represents a net increase of 76 Bcf from the previous week. Stocks were

Gas overhang awaits winter, oil storage solid- oil and gas 360

Gas overhang awaits winter, oil storage solid

(Oil & Gas 360) – The seemingly unending downward pressure on domestic natural gas prices isn’t getting much relief, given October storage numbers, according to the Energy Information Administration (EIA).  October is routinely known as the start of injection season for increasing natural gas inventories ahead of winter. The agency shows current storage to be over 175 billion cubic feet (BCF)