📰 Commodity Price News
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September 28, 2023
According to an analysis by S&P Global Commodity Insights, large U.S. shale gas drillers (namely Marcellus/Utica drillers) have hedged (pre-sold at a specific price) an average of 50% of anticipated shale gas production for the second half of 2023. The average price of the hedges is $3.35/Mcf, far above the average NYMEX Henry Hub price
September 26, 2023
According to analysts writing for S&P Global Commodity Insights, the long-range forecast from the U.S. National Weather Service calls for milder temperatures in the U.S. Mid-Atlantic region this winter. Warm temps equal less natural gas usage. Williams' Transco Regional Energy Access Expansion (REAE) project will partially come online in October, flowing an initial 450 MMcf/d
September 25, 2023
The ratings firm believes commodity prices will decline in the long run, concurrently providing BHP with major obstacles
September 21, 2023
We continue to monitor the price of natural gas, which has remained mired in the mid-$2 range for months on end. Every time it seems like it might make a run for $3, the price slides--as it did yesterday (down $0.12 to close at $2.73). We spotted two somewhat contradictory stories about the price of
September 14, 2023
Saudi Arabia and Russias extension of oil output cuts to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said on September 13, as it largely stuck by its estimates for demand growth in 2023 and 2024
September 13, 2023
The move comes as the cash-strapped regime tries to shore up foreign currency.
September 10, 2023
The retail price of potatoes should not be more than Tk 35-36 per kilogramme right now, said the leaders of the Bangladesh Cold Storage Association (BCSA) today.
September 5, 2023
When Russia illegally and immorally invaded Ukraine on February 24, 2022, the price of oil and natural gas worldwide soared to record highs. Western countries pledged to wean themselves off Putin's oil and gas, and Putin threatened them in return with cutting them off without notice. There was a lot of scrambling, and Europe filled
August 28, 2023
Sugar prices have risen globally over the last couple of months
August 28, 2023
Over the past 12 months, the NYMEX Henry Hub price for natural gas (front month contract) has traded as high as $9.68/MMBtu (August 22, 2022) and as low as $2.01/MMbtu (April 13, 2023). Lately, we've been hovering around the $2.50 mark. One of the energy industry's favorite parlor games is guessing where the price will