Story of the day
EIA Maintains 2024 Natural Gas Price Forecast, Sees Modest Production Decline Leading to 2025 Record
Markets
Production Cuts Sustain Natural Gas Futures Rally; Pipeline Maintenance Hammers Waha Cash Prices
Natural gas futures on Tuesday notched a fourth-straight day of gains – albeit barely – on maintenance-induced reductions to already lower production activity. At A Glance: Production hits May low Weather forecasts mixed LNG steadies above 12 Bcf/d Coming off a cumulative gain of more than 25 cents over the prior three sessions, the June…
May 7, 2024Earnings
Canada’s Tourmaline Touts Profitability Amid ‘Extremely Weak’ Natural Gas Prices
Canada’s largest natural gas producer, Tourmaline Oil Corp., is using hedging and a diversified marketing strategy to counteract low prices for the commodity in Western Canada, management said. CEO Michael Rose hosted a conference call to discuss first quarter earnings for Tourmaline, which operates in the Alberta Deep Basin, the Montney Shale and the Peace…
May 7, 2024Regulatory
EU Parliament Exploring Ban on Re-Exporting Russian LNG from Bloc’s Ports
The European Commission (EC) this week is considering a ban on transshipments or re-exports of Russian LNG through European Union (EU) ports as part of Brussels’ latest sanctions package. The UK, Poland, Estonia, Latvia, Lithuania, and Germany have banned Russian liquified natural gas imports, but an EU-wide ban on Russian LNG imports is not included…
May 7, 2024Mexico
Mexico Natural Gas Imports Seen Breaking Records During Next Administration
Mexico’s dependency on the United States for natural gas supplies is expected to continue to rise and hit record levels during the country’s next presidential administration from 2024-2030, according to Adrián Duhalt, a research scholar at Columbia University’s Center on Global Energy Policy. Mexico’s natural gas imports via pipeline have averaged 6.08 Bcf/d year-to-date through…
May 7, 2024Trending News
Earnings
Canada’s Tourmaline Touts Profitability Amid ‘Extremely Weak’ Natural Gas Prices
May 7, 2024Natural Gas Prices