Updated Aug 22, 2024
8/22/24
After reviewing a collection of private documents about commissioning of Venture Global LNG Inc.’s Calcasieu Pass export terminal, several of its foundational customers are again urging FERC not to approve an extension.
By Jacob Dick
on
By Jodi Shafto on
Unable to gain traction, September Nymex natural gas futures saw early Wednesday gains ebbed away in favor of modest losses as tides were turning on fundamentals with lingering weather support expected to drift away into the fall shoulder season.
By Kevin Dobbs on
Natural gas futures seesawed in a narrow range of gains and losses for a second straight session on Wednesday. The prompt month hovered in the red by early afternoon trading as market participants weighed expectations for strong late-August cooling needs and bullish supply trends against expectations for retreating demand in the fall.
By Kevin Dobbs on
Permian Basin benchmark Waha cash prices, mired in a protracted slump amid limited natural gas takeaway capacity and a supply glut, may see the summer come and go without relief. But a massive new pipeline is slated to enter service this fall, promising to free up an abundance of associated gas and ease pricing pressure.
By Carolyn Davis on
A deal by Enterprise Products Partners LP to snap up a Permian Basin sour gas midstream operator will accelerate the Houston giant’s strategy in the nation’s largest producing region by “at least three or four years,” a top executive said Wednesday.
By Andrew Baker on
Private equity-backed Brazos Midstream is planning to add 500 MMcf/d of cryogenic natural gas processing capacity and 175 miles of gas gathering pipelines in the Permian Basin’s Midland sub-basin by the end of next year, management said.
By Kevin Dobbs on
Natural gas futures traded in a narrow band early Wednesday as traders contemplated favorable late-summer fundamentals alongside the specter of fall weather and the inevitable swoon in cooling demand that it delivers.
By Jodi Shafto on
September Nymex natural gas futures’ early attempt to extend a rally into Tuesday’s session failed amid expectations for demand weakness as weather outlooks pointed to increasingly mild conditions across major natural gas-consuming regions.
By Christopher Lenton on
Mexico needs to do more to develop its local natural gas industry, according to a new analysis from oil and gas trade group Asociación Mexicana de Empresas de Hidrocarburos (Amexhi).
By Kevin Dobbs on
Coming off an 11.2-cent rally the previous session, natural gas futures probed a few cents higher early Tuesday on lower production estimates. But the prompt month failed to sustain momentum as traders focused on weaker near-term demand and took profits. Cash prices also trended lower at midday.
By Jodi Shafto on
Technical indicators appear to support a positive outlook for natural gas prices at least in the short term, but cautious traders could decide to enter the market only when the price moves above key resistance levels, according to technical analysts.
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