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Tag Archives: natural gas

Natural Gas Rises on Lower-Than-Expected Supply Build

Natural gas futures are edging higher on Thursday after the US government reported that domestic stockpiles of the energy source rose slightly lower than what the market had initially anticipated. The 1% gain comes amid a flurry of industry news in the US and around the world that could impact supplies and the sector’s future. August natural gas futures rose $0.025, or 1.12%, to $2.33 per million British thermal...

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Natural Gas Gains 1% Despite Bearish Supply News, Price Forecast

Natural gas futures advanced as high as 1.5% on Thursday after the US government reported a larger-than-expected increase to domestic inventories of the energy supply. This comes soon after the nation’s top energy agency revised its pricing forecast by more than 5% from its previous projections. Can natural gas have a strong second half or will it continue its bearish ways in the final months of 2019? August natural...

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Crude Oil Gets Support from Range of Positive Factors

Futures for Brent crude oil logged significant gains today. The West Texas Intermediate grade posted losses but has managed to rebound by now. There were several factors that helped the commodity. Some analysts speculated that better-than-expected US nonfarm payrolls buoyed the commodity. While the report boosted the dollar, hurting commodities priced in the US currency, it sent a positive signal about economic growth, and that was...

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Energy and commodities highlights: China upstream, OPEC’s output discipline and Chevron in Kazakhstan

China announced landmark reforms in upstream oil and gas policy this week, lifting restrictions on foreign investment in conventional oil and gas projects. The city gas distribution sector is also being opened up, in a move that could attract oil majors and energy companies eager to tap into China’s growing appetite for LNG. Chinese LNG imports were up 20% year on year in the first half of 2019, according to S&P Global Platts Analytics data. The country’s Blue Sky policy targeting air...

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Natural Gas Pares Gains After Larger-Than-Expected Increase in Stockpiles

Natural gas futures are paring their early gains ahead of the Fourth of July holiday. The US government reported a larger-than-expected increase in domestic inventories, reversing the energy commodity’s ascent to $2.28. It was more bad news for natural gas midweek after a new report slammed the resource’s environmental impact, which could lead to more governments clamping down on the key energy source. August natural gas...

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Natural Gas Crashes on Weather, July 4 Holiday

While crude oil was making attempts to rally, natural gas crashed on Monday. Some market analysts speculated that it is because of relatively cool temperatures at the start of summer. Others argued that the decline was the result of the July 4 holiday in the United States this week. Factories and other big consumers of gas will be closed for the holiday, resulting in lower-than-usual demand...

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Natural Gas Spikes 2% After Less-Than-Expected Build in Weekly Stocks

Natural gas futures are extending their rally on Thursday after the US government reported a less-than-expected jump in weekly inventories. After slipping into negative territory this quarter, natural gas prices are attempting to muster up a rally in the second half of 2019, but with weather forecasts showing moderate temperatures in the summer and early autumn, it could be hard for natural gas traders to see green. August...

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The LNG sector is breaking taboos to stay competitive

Breaking taboos in the LNG industry is a time-honored tradition. The disruptors have sometimes succeeded and sometimes failed, but the commercial arc of the LNG universe is unquestionably bending towards change. These changes are happening out of necessity and not out of choice. What always seemed to be formidable obstacles are rapidly deteriorating into historical footnotes. LNG industry mainstays  like destination clauses, long-term contracts and oil indexation, are morphing into something...

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Natural Gas Crashes After Larger-Than-Expected Weekly Supply Build

Natural gas futures are plummeting after the US government reported a bigger-than-expected increase in domestic inventories. Even US production falling sharply could not help prices recover, sitting at their worst levels in more than three years. Could natural gas slip below the important $2 threshold? August natural gas futures tumbled $0.10, or 3.98%, to $2.182 per million British thermal units (btu) at 15:52 GMT on Thursday...

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Insight Conversation: Mark Gyetvay, Novatek

Mark Gyetvay, CFO and deputy chairman of the management board at Novatek, visited S&P Global Platts for an interview with senior writer for LNG, Lucie Roux. Novatek is a Russian independent gas producer known for its Yamal LNG terminal, launched in 2017, and now for its Arctic LNG projects. Last may at the Flame conference you said Novatek aims to increase production to 70 million metric tons/year by 2030. Where is the market going to be for those volumes? Are you still seeing Asia as...

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