US says market conditions mean Henry Hub natural gas and LNG prices to stay high through start of 2022
The US Government forecasts that natural gas prices will remain high in the coming months because of a combination of more demand, lower short-term domestic natural gas production and the effects of Hurricane Ida on Gulf of Mexico output.
Oil prices fall below $40 amid US street unrest while nation's weekly LNG exports decline by half
Oil prices fell below $40 per barrel as street unrest in cities like Seattle led to concerns about US stability and the pace of the US economic recovery, while the nation’s LNG exports dropped to half of the previous week’s level, offset by pipeline natural gas exports to Mexico jumping more than 8 percent.
US oil price collapse was just for physical barrels as Brent unaffected but LNG drops on glut
The collapse of US oil prices into negative territory affected only physical barrels of West Texas Intermediate (WTI) crude for May delivery and was not a general oil price crash. The global benchmark North Sea Brent crude prices is largely unaffected, nor are future WTI prices.
US delays oil data
March 10 (LNGJ) - The US Energy Information Administration, in an unusual step, has delayed the issuing of its Short-term Energy Outlook for 48 hours. “We have delayed the release of the Short-Term Energy Outlook to allow time to incorporate recent global oil market events. The outlook will now be released Wednesday, March 11, at 9:00 am.
