straga/iStock via Getty Images The European Union provided details Tuesday on a long-debated natural gas price cap of €275/MWh (~$282) – well above current levels of ~€120/MWh – as part of an attempt to shield consumers from the effects of higher energy costs linked to Russia’s invasion of Ukraine. The cap would be available for … Read more
straga/iStock via Getty Images U.S. natural gas futures rose Wednesday, reversing earlier losses as colder weather forecasts appeared to outweigh expectations that the restart of the Freeport LNG export plant will be delayed, causing some liquefied natural gas vessels to turn away from the plant in recent days. Front-month Nymex natural gas (NG1:COM) for December … Read more
straga/iStock via Getty Images Natural gas prices in West Texas dropped below zero for the first time since 2020 Tuesday, as surging production in the Permian Basin region smacks up against pipeline constraints. Gas for next-day delivery at the Waha trading hub fell to as low as negative $2.25/MMBtu, according to Financial Times, from positive … Read more
posteriori/E+ via Getty Images U.S. natural gas futures sank 7% to a three-month low Monday, weighed by sharp declines in European futures and forecasts for milder U.S. weather than previously expected. Front-month Nymex natural gas (NG1:COM) for November delivery closed -7% to $5.999/MMBtu, its lowest settlement value since July 6 after gas dropped 11% over … Read more
posteriori/E+ via Getty Images U.S. natural gas prices closed at a fresh six-week low of $7.752/MMBtu on Monday, in a market The Wall Street Journal said has lost its bullish momentum as a lack of hurricanes off the Texas coast has opened the door for U.S. production to reach triple digits for the first time … Read more
posteriori/E+ via Getty Images Germany is unlikely to meet its target for filling gas storage sites to 95% by the start of November following the latest Russian supply cut, Bloomberg reports on Monday. While Germany is ahead of schedule in its efforts to boost winter reserves, Russia’s indefinite halt of the key Nord Stream pipeline … Read more
straga/iStock via Getty Images European natural gas rose on Wednesday after a two-day slump, as Russia carried out its shutdown of the Nord Stream pipeline, its main artery for natural gas flows to Europe, for three days of maintenance. The shutdown add to Western worries that Russia is intentionally restricting gas supplies to Europe as … Read more
straga/iStock via Getty Images The European Union plans an emergency intervention in its energy market to dampen soaring power costs while eventually seeking to break the link between gas and electricity prices, Commission President Ursula von der Leyen said on Monday, as more and more member states clamor for a price cap. “We have to … Read more
onurdongel/E+ via Getty Images U.S. natural gas futures ended Tuesday’s session at 14-year highs, lifted partly by soaring natural gas prices in Europe that have climbed in recent days to their highest levels since Russia’s invasion of Ukraine, and just shy of all-time highs. Front-month Nymex natural gas (NG1:COM) for September delivery settled +6.9% to … Read more
onurdongel/E+ via Getty Images U.S. natural gas futures fell sharply Monday to the lowest in nearly three weeks, as analysts cited record production and forecasts for cooler weather over the next two weeks than previously expected. Front month Nymex gas for September delivery (NG1:COM) settled -5.9% to $7.589/MMBtu, the lowest since July 19, as temperatures … Read more