(BOE Report) – U.S. natural gas futures held near a three-month high on Friday as Hurricane Helene battered the U.S. Southeast after causing Gulf of Mexico producers to cut output and millions of power outages in Florida, Georgia and the Carolinas. On its first day as the front-month, gas futures for November delivery on the New York Mercantile Exchange were
Investing HOUSTON – Exxon Mobil Corp (NYSE:XOM) on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, or about $8.3 billion, which is 17% below market consensus. The preview excludes additional oil and gas
Oil Price Despite multi-year low natural gas prices in the United States, domestic producers continue to be optimistic about the long-term prospects of gas as a fuel, both in America and abroad. The current oversupply in the U.S. natural gas market is set to ease in the coming months as many operators are curtailing production in response to the February
Oil Price U.S. natural gas prices gained over 3% on Wednesday, recovering from a four-year low earlier in the week as European demand popped and unseasonably warm temperatures in the southern United States boosted cooling demand to make up for lackluster heating demand. So far this year, natural gas has shed over 30%. At 12:49 p.m. ET on Wednesday, U.S. Henry Hub
Nasdaq A 46% drop in natural gas prices this year is rippling across the U.S. shale patch, threatening to slow drilling and chill deal-making in a move unthinkable six months ago as global demand soared. Analysts are chopping their outlook for gas prices this year, and for production and earnings. The drop has also put a cloud over merger and
BOE Report U.S. natural gas futures were little changed on Tuesday as the market waits for demand to rise once liquefied natural gas (LNG) export plants start to exit maintenance outages in coming weeks. That expected demand increase was offset by record output, mild weather and low LNG exports in the past month or so, allowing utilities to
Reuters U.S. natural gas futures slipped for a fifth day in a row on Wednesday as pipeline and liquefied natural gas (LNG) exports declined and on long-term forecasts government steps to slow the spread of coronavirus will cut demand in coming months. Traders noted those price decline came despite a slowdown in output and short-term forecasts for cooler weather and
Reuters U.S. natural gas futures rose on Monday as production slows despite forecasts for milder weather and less heating demand over the next two weeks than previously expected. In addition to milder weather, analysts said steps to slow the spread of the coronavirus have reduced demand from commercial and industrial companies as offices close and factories run at lower capacities.
Houston Chronicle As the collapse of OPEC+ talks on production cuts sent energy stocks into a tailspin, one corner of the industry defied the rout: U.S. natural gas drillers. Shares of gas producers including Cabot Oil & Gas Corp., Southwestern Energy Co., Range Resources Corp. and EQT Corp. climbed on speculation that the nosedive in crude prices will force oil
Source: Reuters (Reuters) – Chesapeake Energy Corp , once the second-largest U.S. natural gas producer, warned on Tuesday about its ability to continue as a going concern as the debt-laden company struggles with falling prices for the commodity. Shares of Chesapeake fell 13% to $1.35 in early trading, with the company earlier in the day also having reported a marginally
From Reuters Next-day natural gas prices at the Waha hub in the Permian basin in West Texas fell below zero for the first time since early April. Waha averaged minus 40 cents per million British thermal units (mmBtu) for Wednesday. The last time Waha traded below zero was April 3 when it averaged a record low minus $4.28, according to
The Federal Reserve Bank of Dallas released its monthly report of energy-related economics, based on the bank’s September data. Dallas Fed: Backwardation for Brent “The Brent futures curve went into backwardation (downward sloping) through year-end 2019 on Sept. 25, 2017, a shift in the shape of the curve compared with the end of June when it was fully in contango
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