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The Latest Breaking News from Natural Gas

Ninth Circuit Rules Berkeley Gas Hookup Ban Is Preempted

A local California ordinance prohibiting natural gas hookups in new construction conflicts with federal law according to a federal appellate court.

Reason

Nat-Gas Prices Soar on Colder U.S. Temps

May Nymex natural gas (NGK23 ) on Tuesday closed up +0.091 (+4.00%). May nat-gas Tuesday rallied sharply for a second day and posted a 4-week high. Nat-gas prices rallied on outlook for colder temperatures in the U.S. that would boost heating demand for nat-gas in the northern regions of the...

Barchart

Crude Oil Higher on Dollar Weakness and Chinese Economic Strength

May WTI crude oil (CLK23 ) this morning is up +0.31 (+0.38%), and May RBOB gasoline (RBJ23 ) is down -1.40 (-0.50%). May Nymex natural gas (NGK23 ) is up +0.061 (+2.68%). Crude oil and gasoline prices this morning are mixed, with gasoline falling to a 2-week low. A weaker...

Barchart

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Natural Gas- The Injection Season Begins

Nearby natural gas futures rose to a fourteen-year high in August 2022 when they probed above the $10 per MMBtu level. In Q1 2023, the price fell to a low below $2 and was around close to the low on April 18. Natural gas is a boom-and-bust energy commodity that…

Barchart

Court throws out Berkeley, California's ban on natural gas

A federal appeals court has overturned Berkeley, California’s first-in-the-nation ban on natural gas in new construction, agreeing with restaurant owners who argued the city bypassed federal energy regulations when it approved the ordinance

The Independent UK

Environment groups sue EU over green label for gas, nuclear

Environmental groups have started legal action against the European Union’s executive branch in a bid to block a move to include natural gas and nuclear power generation on a list of sustainable activities

The Independent UK

Nat-Gas Prices Surge on Cold U.S. Temps and Record LNG Exports

May Nymex natural gas (NGK23 ) on Monday closed up +0.161 (+7.62%). May nat-gas Monday rallied sharply to a 3-week high as a shift in U.S. weather forecasts to winter-like temperatures will boost heating demand for nat-gas. Forecaster Atmospheric G2 said below-normal temperatures are seen boosting heating demand across the...

Barchart

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Crude Oil Prices Fall on Weakness in Global Fuel Demand

May WTI crude oil (CLK23 ) this morning is down -1.29 (-1.56%), and May RBOB gasoline (RBJ23 ) is down -6.57 (-2.32%). May Nymex natural gas (NGK23 ) is up +0.177 (+8.37%). Crude oil and gasoline prices this morning are moderately lower, with gasoline falling to a 1-1/2 week low....

Barchart

With a New Pennsylvania Governor, Lawmakers Push to Move Drilling Sites From Communities

Proposed legislation would prohibit new fracking wells within 2,500 feet of an existing building or water well.

Capital & Main

A 15-year-old law would end fossil fuels in federal buildings, but it's on hold

A 2007 law could help the country meet its climate change goals by barring fossil fuels from new and remodeled federal buildings. But the law has been on hold and gas utilities want to repeal it.

WEKU

G7 Ministers Agree to Speed up Renewable Energy Development

The Group of Seven rich nations have agreed to speed up the development of renewable energy and called for reduced natural gas consumption as they aim to ramp up the phasing out of fossil fuels, the group said in a communique on Sunday. While members recognized the need to reduce…

Asharq Al-Awsat

Nat-Gas Prices Rebound on Summer-Like U.S. Temps

May Nymex natural gas (NGK23 ) on Friday closed up +0.107 (+5.33%). May nat-gas Friday recovered from a 2-1/2 year nearest-futures low and closed sharply higher. Forecasts for summer-like weather in the eastern U.S. that will boost nat-gas demand from utility companies to power air conditioning sparked short-covering in nat-gas...

Barchart

Crude Gains on the Outlook for Tighter Global Oil Supplies

May WTI crude oil (CLK23 ) this morning is up +0.66 (+0.80%), and May RBOB gasoline (RBJ23 ) is down -0.55 (-0.19%). May Nymex natural gas (NGK23 ) is up +0.052 (+2.59%). Crude oil and gasoline prices this morning are mixed. Crude has support on today's projection from the International...

Barchart

Biden approves Alaska gas exports as critics condemn another ‘carbon bomb’

Energy department gives green light to exports from liquefied natural gas (LNG) program, after Willow project approved last month

The Guardian - US

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The Independent UK

Senegal gas deal drives locals to desperation, prostitution

When the gas rig arrived off the coast of Saint-Louis, residents of the seaside Senegalese town found reason to hope

The Independent UK

Environmentalists: Wasted gas hurts climate, state revenue

Environmentalists and government watchdog groups have released a study estimating that Louisiana lost more than $82 million of natural gas in 2019 due to leaks, venting or flaring at production sites

Barchart

Nat-Gas Prices Tumble on Abundant U.S. Supplies

May Nymex natural gas (NGK23 ) on Thursday closed down -0.086 (-4.11%). May nat-gas on Thursday closed sharply lower for a second day on the outlook for abundant U.S. nat-gas supplies. Thursday's weekly EIA nat-gas inventories rose +25 bcf, close to expectations, which left U.S. nat-gas stockpiles a hefty +18.9%...

Barchart

Crude Prices Slip on Concern the U.S. Economy is Slowing

May WTI crude oil (CLK23 ) this morning is down -0.22 (-0.26%), and May RBOB gasoline (RBJ23 ) is down -2.17 (-0.76%). May Nymex natural gas (NGK23 ) is down -0.057 (-2.72%). Crude oil and gasoline prices this morning are moderately lower. Crude prices are under pressure after today's larger-than-expected...

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StockNews.com

Analysts Rated These 3 Stocks As "Buy Now"... But Are They?

While inflation came in lower than expected in March, rising worries about a potential recession due to the recent financial crisis are expected to keep the stock market under immense pressure in the near term. Amid this, let’s find out if UnitedHealth Group (UNH), Clean Energy Fuels (CLNE), and Altus…

Fortune

Russia’s invasion of Ukraine boosted clean energy to power more than 90% of new demand last year, report says

The Russian invasion of Ukraine could represent a 'turning point' in the world's transition to clean power.

Barchart

Nat-Gas Prices Fall on Ample U.S. Supplies

May Nymex natural gas (NGK23 ) on Wednesday closed down -0.093 (-4.25%). May nat-gas prices Wednesday closed sharply lower. Nat-gas prices are being undercut by ample supplies, with U.S. nat-gas inventories being 20% above their 5-year average as of Mar 31. Nat-gas prices are also being undercut by ramped-up U.S....

Barchart

Crude Prices Climb as Global Oil Supplies Shrink

May WTI crude oil (CLK23 ) this morning is up +1.16 (+1.42%), and May RBOB gasoline (RBJ23 ) is up +0.47 (+0.16%). May Nymex natural gas (NGK23 ) is down -0.093 (-4.25%). Crude oil and gasoline prices this morning are moderately higher, with crude climbing to a 4-1/2 month nearest-futures...

Barchart

Q1 2023 and Beyond- Energy

The energy sector of the commodities market includes crude oil, gasoline, heating oil, natural gas, and ethanol contracts that trade on the CME’s NYMEX division. The energy sector led the way on the downside in Q1 2023 with gains in gasoline and ethanol and significant declines in the crude oil,…

Asharq Al-Awsat

China’s Sinopec to Take 5% Share in Qatar’s North Field East

China's state-owned oil and gas giant Sinopec will take a 5% stake in Qatar's North Field East expansion, part of the world's largest liquefied natural gas (LNG) project, state news agency QNA reported on Wednesday. QatarEnergy had said previously that it could give up to a 5% stake in the…

Barchart

Nat-Gas Prices Climb on Record U.S. LNG Exports

May Nymex natural gas (NGK23 ) on Tuesday closed up +0.014 (+0.64%). May nat-gas Tuesday rallied to a 2-week high on signs of strong foreign demand for U.S. nat-gas supplies. Estimated gas flows to U.S. LNG export terminals Tuesday rose to a record 14.7 bcf, up +5.8% w/w. Forecaster Atmospheric...

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