natural gas – Oil & Gas 360

We head to notably-tighter markets than stock prices show the consensus is thinking

December 18, 2024

(Oil & Gas 360) – Weekly Oil & Natural Gas Inventory Data Are Indicating We Head To Notably-Tighter Markets Than Stock Prices Show The Consensus Is Thinking. While the NASDAQ and S&P 500 show great performance and expectations, Energy stocks continue to reflect little interest/low expectations. Great performance and high expectations are evident in the NASDAQ setting another new record high

Low expectations continue to dominate but oil inventory is low- oil and gas 360

Energy Market Assessment: Low expectations continue to dominate but oil inventory is low

December 10, 2024

(Oil & Gas 360) – Oil & Natural Gas Prices Low Highlight That Low Expectations Continue To Dominate But Oil Inventory Is Low And The Climate Is Changing. Technical analysis dominating today’s markets having analysis much thinner along with uncertainty high helped record-high U.S. petroleum product exports setting higher record highs be ignored/unknown. While reports of problems Over There are plentiful,

BP looks to sell a minority stake in its U.S. natural gas pipelines

December 6, 2024

(Oil Price) – BP is looking to sell up to 49% of its U.S. natural gas pipeline network in a deal that could fetch up to $3 billion, Reuters reported on Friday, citing anonymous sources with knowledge of the plans. The potential sale would be part of BP’s efforts to reduce its net debt, which has recently increased, according to some of Reuters’s

Infrastructure trends power our bullish oil & natural gas outlook

December 3, 2024

(Oil & Gas 360) – Infrastructure Trends Power Our Bullish Oil & Natural Gas Outlook Because Expectations Are Extra Low But Cold Air Definitely Exists. While Summer 2024 was warmer than normal, cool air existing dropped the Henry Hub spot price from $2.80 down to $1.80. Winter 2023/24 delightfully mild greatly minimizing natural gas demand resulted in a warmer-than-normal April (Figure

Energy Market Assessment: Consensus, natural gas and oil bearish, deep data showing bullish

November 19, 2024

(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

U.S. ethane exports set to surge with new Gulf Coast capacity

November 19, 2024

(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

Global natural gas demand and inventories rose in September

November 18, 2024

(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

US natgas flows to LNG export plants on track to hit 9-month high

November 14, 2024

(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

No more natural gas in Washington State? Voters to say

November 5, 2024

(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

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

October 24, 2024

(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

EU hits 95% full natural gas storage ahead of winter

October 21, 2024

(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

Gas overhang awaits winter, oil storage solid

October 16, 2024

(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)

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