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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
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
The ratings firm believes commodity prices will decline in the long run, concurrently providing BHP with major obstacles
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
Saudi Arabia and Russia's 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