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While the commodity price of natural gas has always drifted up and down, we can't remember a time (in our coverage of the industry) when it has been so volatile--with wide swings in both directions--as it has been in 2022. Yesterday was another "bottom is dropping out" down day when the NYMEX futures price at
They're like two football fields drilled into the ocean floor. now they're saying we're not sure we can build it. so they want a renegotiation which deals a blow to the president's green energy dreams. molly sign is in cape cod. hi, molly. >> hello, martha. you said it, political promises, juicy government-backed incentive. offshore wind project are facing economic conditions that are fanning fears about the entire industry. >> one major developer is moving to end contracts made with contractors. they're claiming about unprecedented commodity price increases and supply shortages
S&P Global Commodity Insights issued its latest 2023 Energy Outlook yesterday. The analysis is quite interesting, with ten "key themes" that will most affect world energy (and oil/natgas prices) next year. The number one key theme may surprise you: "China's COVID policy is the most important fundamental factor for energy markets." If not for China
Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency's Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke some good-natured fun at the EIA because one month their predictions go up, the next
The front-month NYMEX futures contract (based on the price of gas trading at the Henry Hub) dropped like a rock yesterday--down 70 cents (-12.6%) to $5.58/MMBtu. The price has dropped for the past four trading days in a row. Some say it's free fallin'. In total, the price has lost $1.66 (-22.9%) over the last