Getting Decarbonization Megaprojects Off the Ground
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 days ago
- Yahoo
Cooler US Summer Temps Undercut Nat-Gas Prices
September Nymex natural gas (NGU25) on Friday closed down -0.077 (-2.51%). Sep nat-gas prices settled lower Friday due to expectations for cooler summer weather that would reduce demand from electricity providers to run air conditioning. Forecaster Vaisala said Friday that forecasts shifted cooler along the West and East coasts for August 13-17. More News from Barchart Nat-Gas Prices Erase Early Gains as US Weather Forecasts Cool Possible End to the Russian-Ukraine War Weighs on Crude Prices Crude Prices Pressured by Possible End to the Russian-Ukraine War Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Nat-gas prices also fell on near-record US gas production as US active nat-gas drilling rigs rose to a 2-year high on August 1. Lower-48 state dry gas production on Friday was 109.2 bcf/day (+6.3% y/y), according to BNEF. Lower-48 state gas demand on Friday was 79.1 bcf/day (+0.2% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Friday were 15.5 bcf/day (-0.8% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported Wednesday that total US (lower-48) electricity output in the week ended August 2 rose +0.9% y/y to 99,367 GWh (gigawatt hours), and US electricity output in the 52-week period ending August 2 rose +2.7% y/y to 4,259,351 GWh. Thursday's weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended August 1 rose +7 bcf, below the consensus of +12 bcf and the 5-year average of +29 bcf for the week. As of August 1, nat-gas inventories were down -4.3% y/y, but were +5.9% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of August 5, gas storage in Europe was 70% full, compared to the 5-year seasonal average of 78% full for this time of year. Baker Hughes reported Friday that the number of active US nat-gas drilling rigs in the week ending August 8 fell by -1 to 123 rigs, slipping from the 2-year high of 124 rigs posted on August 1. In the past ten months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Yahoo
06-08-2025
- Yahoo
Nat-Gas Prices Rebound as US Weather Forecasts Turn Hotter
September Nymex natural gas (NGU25) on Tuesday closed up +0.078 (+2.66%). Sep nat-gas prices on Tuesday settled sharply higher as short covering emerged after forecasts turned hotter for US weather that will boost nat-gas demand from electricity providers to power increased air-conditioning usage. Forecaster Atmospheric G2 said Tuesday that forecasts shifted warmer for much of the US for August 10-14 and shifted warmer over the eastern two-thirds of the country for August 15-19. More News from Barchart Nat-Gas Prices Tumble on Higher US Nat-Gas Production Global Oil Glut Concerns Weigh on Crude Prices Unusual Options Volume? Why Only BP Stock Passed the Quantitative Sniff Test Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! On Monday, nat-gas prices sank to a 3.5-month low on higher US nat-gas production and the outlook for even higher output in the near term. Ramped-up US nat gas production is bearish for prices as recent US nat-gas output is up year-over-year. Also, expectations for even higher US nat-gas production are weighing on nat-gas prices after last Friday's weekly report from Baker Hughes showed that the number of active US nat-gas drilling rigs in the week ending August 1 rose by +2 rigs to a 2-year high of 124 rigs. Lower-48 state dry gas production on Tuesday was 108.0 bcf/day (+3.4% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 75.6 bcf/day (-10.8% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Tuesday were 15.5 bcf/day (+3.9% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended July 26 rose +8.1% y/y to 98,772 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 26 rose +2.7% y/y to 4,258,448 GWh. Last Thursday's weekly EIA report was bearish for nat-gas prices since nat-gas inventories for the week ended July 25 rose +48 bcf, above the consensus of +41 bcf and the 5-year average of +24 bcf for the week. As of July 25, nat-gas inventories were down -3.9% y/y, but were +6.7% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 30, gas storage in Europe was 68% full, compared to the 5-year seasonal average of 76% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending August 1 rose by +2 to a 2-year high of 124 rigs. In the past ten months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-07-2025
- Yahoo
Hot US Weather Forecasts Push Nat-Gas Prices Higher
August Nymex natural gas (NGQ25) on Tuesday closed up +0.093 (+3.11%). Aug nat-gas prices settled sharply higher Tuesday as forecasts for hotter US weather sparked short covering in nat-gas futures. Forecaster Vaisala on Tuesday said that above-normal temperatures are forecast for the West and the East for the August 8-12 period, which will boost nat-gas demand from electricity providers to power increased air-conditioning usage. More News from Barchart Crude Oil Sharply Higher on Concerns About Tighter Global Supplies Nat-Gas Prices Fall on Forecasts for Cooler US Temps Crude Oil Rallies as President Trump Imposes a New Deadline on Russia Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Nat-gas prices had tumbled to a 3-month low Monday due to more temperate US weather forecasts and higher US nat-gas production, with recent US nat-gas output up year-over-year. In addition, expectations for even higher US nat-gas production are also weighing on nat-gas prices after last Friday's weekly report from Baker Hughes showed that the number of active US nat-gas drilling rigs in the week ending July 25 rose by +5 to a nearly 2-year high of 122 rigs. Lower-48 state dry gas production on Tuesday was 108.1 bcf/day (+3.2% y/y), according to BNEF. Lower-48 state gas demand on Tuesday was 86.0 bcf/day (+7.1% y/y), according to BNEF. Estimated LNG net flows to US LNG export terminals on Tuesday were 15.3 bcf/day (+2.6% w/w), according to BNEF. An increase in US electricity output is positive for nat-gas demand from utility providers. The Edison Electric Institute reported last Wednesday that total US (lower-48) electricity output in the week ended July 19 rose +2.1% y/y to 99,373 GWh (gigawatt hours), and US electricity output in the 52-week period ending July 19 rose +2.4% y/y to 4,251,059 GWh. Last Thursday's weekly EIA report was bullish for nat-gas prices since nat-gas inventories for the week ended July 18 rose +23 bcf, below the consensus of +27 bcf and the 5-year average of +30 bcf for the week. As of July 18, nat-gas inventories were down -4.8% y/y, but were +5.9% above their 5-year seasonal average, signaling adequate nat-gas supplies. As of July 22, gas storage in Europe was 66% full, compared to the 5-year seasonal average of 74% full for this time of year. Baker Hughes reported last Friday that the number of active US nat-gas drilling rigs in the week ending July 25 rose by +5 to a nearly 2-year high of 122 rigs. In the past ten months, the number of gas rigs has risen from the 4-year low of 94 rigs reported in September 2024. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
