Updated Aug 30, 2024
8/30/24
Senior Editor, Markets
Sioux Falls, SD
Enbridge Inc.’s chief executive touted the Canadian company’s efforts to further expand in the United States – on the Gulf Coast and elsewhere – as part of a bid to capitalize on expected long-term natural gas demand in North America and overseas.
Even with low natural gas prices throughout 2023, midstream giant Williams plans to aggressively expand its infrastructure and services to accommodate robust production needed to meet mounting global demand for U.S. supplies.
Natural gas prices surged in November bidweek trading as markets absorbed the sudden demand impacts of frosty winter blasts that permeated the Mountain West and the nation’s midsection.
Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower.
Natural gas futures rallied on Tuesday, marking a stark reversal from the start of the week, as both LNG and near-term domestic-weather demand held strong and production ticked lower.
The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase.
The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase.
Weekly natural gas cash prices advanced as frigid temperatures, cold rains and bouts of snow settled in across the Rockies and neighboring regions, driving early-season heating demand.
Natural gas futures rallied for a fifth time in as many sessions through much of Friday, supported by the first widespread blast of wintry weather of the season, a bullish storage result and trader positioning ahead of the front month contract expiration. It topped $3.400/MMBtu intraday.
Natural gas futures rallied again Thursday, gaining ground a fourth time this week as government inventory data signaled that gradually emerging heating demand and stronger LNG volumes are offsetting robust production – with winter looming.