The onset of summer means utilities are going to need more of the fuel to meet demand for what some forecasters predict will be a sweltering summer. Domestic Henry Hub natural gas prices are far cheaper than the cost of nat gas abroad, whereprices are more than doubleU.S. prices. Yet t...
RELATED:EIA Raises Crude Price Forecast, Slashes Natural Gas Price Outlook Signs of service cost deflation E&Ps have had to pay sky-high cost inflation for drilling and completion services in the past year. But Range is starting to see signs of relief on service costs. The company is s...
The share of global LNG supplies in Europe’s energy mix is expected to increase to 2040 to partly offset the decline in indigenous output, but still lags Russian deliveries throughout the forecast period. In the report, Platts Analytics said Russian pipeline gas supply to northwest, centra...
Natural Gas Price Fundamental Daily Forecast – Bearish Weather Outlook to Weigh on Demand Look for counter-trend buyers on the first test of $2.500 to $2.445. They are going to try to form a potentially bullish secondary higher bottom. ...
“may face extensive pressure” from energy costs in the coming months. Starting in the fourth quarter of 2022 through 2023, quarterly production from Europe-based auto manufacturing plants is forecast to be between 4 and 4.5-million-units. However, “with potential utility restrictions,” that ...
End-March storage inventories for the past five years have averaged 1,600 Bcf, moving in a range of 800 Bcf to 2,500 Bcf. Although we expect the market to exit winter at the five-year average inventory, this forecast is not without risk given that production growth is not guaranteed. Ul...
Demand is very much in line with supply, chiefly from the North Sea and Norway, which is forecast at 34 bcm compared to 31.5 bcm last year. The UK has pledged to phase out Russian oil and coal imports, and Busines...