Due to outages at Freeport LNG’s Texas facility, ample gas supplies in storage, and lower expectations for gas flows to liquefied natural gas (LNG) export plants, natural gas prices fell 1.5% to settle at 150.9. Forecasts for milder weather over the next two weeks fueled the decline. Even lower than expected demand was the news…
With producers actively working to reduce output in the face of a difficult market, natural gas saw a significant increase of 3.7%, ultimately settling at 151.2. A dramatic drop in prices prompted Chesapeake Energy and other major gas producers, such as Antero Resources, Comstock Resources, and EQT, to announce large reductions to their 2024 output…
The price of natural gas dropped sharply by -4.09% to 143.1, mostly due to record supply, a surplus of fuel in storage, and a decrease in heating demand. During the week ending February 16, 60 billion cubic feet of natural gas were drawn from storage; this amount was less than the 64 billion cubic feet…
India, the third-largest energy user in the world, saw a 6% year-over-year decline in natural gas consumption in 2022 as a result of high costs, according to the International Energy Agency (IEA). According to data from the Petroleum Planning and Analysis Cell (PPAC), India used 60,523 million standard cubic meters of natural gas in the…
