US energy outlook forecasts lower Henry Hub price to the end of March on higher production and storage levels
The United States energy outlook for December has forecast lower benchmark Henry Hub natural gas spot prices for the rest of the winter heating season to March 2024 because of higher production and storage levels.
Oil prices jump and have knock-on effect on natural gas markets as Saudi Arabia cuts production
Crude oil prices jumped as much as 6.5 percent on April 3 after the Organization of Petroleum Exporting Countries Oil prices said it was reducing production by 1.6 million barrels a day with the move having a knock-on effect on liquefied natural gas prices.
Saudi Aramco doubles profits to $110Bln on oil surge and plans 50 percent rise in natural gas production
Saudi Arabian Oil Company (Aramco), the world’s largest seller of crude oil, reported that annual net income more than doubled to $110 billion and confirmed plans to boost natural gas output by 50 percent.
Asian spot LNG prices rise amid jump in Brent crude as Dutch TTF remains high on European concerns
European natural gas prices fell back from record highs of the past week while North Asian spot cargo values moved higher as spot shipping charter rates soared, while crude oil increased every day this week to boost long-term LNG contract prices.
LNG demand remains firm with Asian spot over $8.00 per MMBtu while European gas prices increase
Demand for liquefied natural gas cargoes was at a firm seasonal level as liftings increased and prices rose again for spot shipments to North Asia, while European gas market benchmarks were around $7.50 per million British thermal units.
Oil prices drop to two-month low under $40 a barrel as LNG prices and indicators also lose ground
North Sea Brent crude oil prices dropped under $40 per barrel after previously staying in the $41-$45 a barrel range for the previous two months, while spot LNG and natural gas prices declined on demand concerns related to the slowing economic recovery in China and Europe.
Oil prices rise as US LNG exports also increase while domestic demand and Mexican pipeline flows drop
Crude oil prices rose by around 2.5 percent and North Sea Brent moved towards the $42 per barrel level while an increase in weekly US liquefied natural gas exports was accompanied by drops in US domestic natural gas consumption and pipeline exports to Mexico.
Brent crude oil rises for a sixth day as US natural gas also increases but spot LNG is still flat
Oil prices rebounded with the North Sea Brent crude price rising for a sixth day to over $28 per barrel as the US front-month natural price increased 7.5 percent from the previous day, while LNG prices for Europe and the Asian spot market were still at historic lows.
US forecasts rising LNG exports supported by increasing domestic natural gas production
Growing US natural gas output in 2018 and 2019 will support increasing shorter-term forecasts of more liquefied natural gas exports from Sabine Pass in Louisiana and Cove Point in Maryland.
US natural gas prices stay high after record storage withdrawals and oil above $70 a barrel
US natural gas futures on the New York Mercantile Exchange soared because of high natural gas withdrawals in the latest storage report as US West Texas Intermediate crude prices hit a 12-month high and North Sea Brent oil stayed above the $70 per barrel mark.
