The demand for natural gas decreased 3.67% to 141.7 as a result of moderate weather predictions. Following a 6% decline in U.S. output, EQT and Chesapeake Energy decided to reduce production. As a result of its merger with Southwestern Energy, EQT is now the biggest gas producer in the country. With a commitment to production…
Public sector oil marketing companies (OMCs) Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Indian Oil Corporation will bear the financial brunt of the Rs 100 per cylinder price cut announced on Friday. Liquefied petroleum gas (LPG) prices were dropped by Rs 100 per 14.2-kg cylinder for all residential LPG consumers on Saturday by the OMCs,…
Natural gas prices fell by -2.55% to settle at 153.1, mostly as a result of excess supply brought on by a mild winter and record output levels. In the week that concluded on February 23, 2024, U.S. utilities removed 96 billion cubic feet of natural gas from storage, surpassing the 88 billion cubic feet that…
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…
Chesapeake Energy announced a cut in its 2024 gas production estimates in response to the recent drop in gas prices to a 3.5-year low, which caused natural gas to see a significant jump, finishing up 11.84% at 147.4. This action by Chesapeake is part of a larger trend, as other gas producers like Antero Resources,…
Natural gas ended the week at 133.3, a minor decrease of -0.22%, as the market was influenced by near-record output and a smaller-than-expected storage removal the previous week. Because warmer-than-normal weather suppressed heating demand, U.S. utilities removed 49 billion cubic feet of natural gas from storage, falling short of market estimates of a 67 bcf…
Natural gas saw pressure from below, ultimately settling at 133.6, down -1.11% from the previous week’s close amid record output and a lower-than-anticipated storage depletion. Warmer-than-normal weather that reduced demand for heating caused U.S. utilities to withdraw 49 billion cubic feet of natural gas from storage during the week ending February 9, 2024, falling short…
A lower expectation for heating demand, near-record output, enough fuel in storage, and falling worldwide petrol prices were some of the factors that contributed to natural gas’s notable reduction of -7.48%, which eventually settled at 139.7. Low gas flows to U.S. LNG export facilities, mostly as a result of the liquefaction unit closure at Freeport…
The mild winter weather, recent disruptions at LNG export plants, and a surge in production all contributed to the decline in natural gas prices, which closed at 151, down -1.82%. Analysts predict that due to the difficult market conditions, some producers may reduce their gas drilling operations. According to Baker Hughes, the number of gas…
