- Joe Barone, Shale Directories
- Blog
- July 3, 2020
Botas to discount natgas prices to Turkish industry
Turkish state-owned company Botas will reduce its natural gas prices to industrial customers in a bid to help the country to boost an economic recovery, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 1, 2020
Petronet to finalize new LNG deal ‘soon’: CEO
Petronet is close to finalizing a deal to import liquefied natural gas (LNG) on a long-term basis using near spot pricing, its CEO Prabhat Singh said on Tuesday.- Joe Barone, Shale Directories
- Blog
- June 22, 2020
Henry Hub gas prices hit two-decade lows
The U.S. Henry Hub natural gas prices reached the lowest levels in 21 years last week, as supply rises slightly while demand drops, according to the U.S.- Joe Barone, Shale Directories
- Blog
- June 11, 2020
Gazprom’s gas exports revenues fall 52.3% y-o-y
Gazprom’s revenues from natural gas exports in the first four months of the year have more than halved, with the company facing a decline in both prices and volumes, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 26, 2020
European natgas may be heading into negative territory
European natural gas prices have plunged last week to new record lows, despite several liquefied natural gas (LNG) cargo cancelations, as limited demand meets lowering storage capacity.- Joe Barone, Shale Directories
- Blog
- May 21, 2020
Gazprom’s gas exports revenues dip 51.6% in Q1
Gazprom’s natural gas exporting revenues have more than halved in the first quarter, as the giant faces intense competition from LNG and historically low gas prices.- Joe Barone, Shale Directories
- Blog, Natural Gas Prices
- May 15, 2020
US natgas stockpiles up 103 Bcf w-o-w
Working natural gas stocks at U.S. storage facilities increased by 103 billion cubic feet (Bcf) in the week ended May 8, the EIA said on Thursday.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Japan spot LNG import prices at record low in April: METI
Japan’s spot liquefied natural gas (LNG) import prices declined in April to the lowest since 2014, data from country’s trade ministry METI showed on Thursday.- Joe Barone, Shale Directories
- Blog
- May 11, 2020
Oil to become ‘accidental natgas savior’: BofA
Oil markets are driving a sense of optimism in the natural gas market “not seen in years,” according to analysts at the Bank of America Global Research.- Joe Barone, Shale Directories
- Blog
- April 30, 2020
US natgas futures fall on lower demand expectations
U.S. Henry Hub natural gas futures dropped on Wednesday on lower demand expectations domestically and abroad, Kallanish Energy reports. The front-month, futures contracts for delivery in June fell 4.1%,- Joe Barone, Shale Directories
- Blog, Natural Gas Prices
- April 30, 2020
PGNiG considers notifying EU of Gazprom’s ‘market abuse’
Polish state oil and gas company, PGNiG, is considering to report Gazprom to the European Commission for its “continued abuse of dominant position,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 28, 2020
WTI prices tumble over 20% on fragile market
U.S. crude oil prices tumbled over 20% on Monday after the United States Oil Fund (USO) announced it would sell all its futures contracts for June delivery over a four-day period.- Joe Barone, Shale Directories
- Blog
- April 28, 2020
Global natgas gas prices reflect US shale success: Rystad
The recent historic low international gas prices are a reflection of the U.S. shale success and seasonal conditions, not so much the impact of the global pandemic, Rystad Energy’s chief said Monday.- Joe Barone, Shale Directories
- Blog, Natural Gas Prices
- April 27, 2020
Waha gas prices recover from negative territory
Natural gas prices in the Permian Basin ended the EIA’s gas week in positive territory, after reaching -$4.74 per million British thermal units (MmBtu) on April 20, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 27, 2020
UK natural gas prices falls on oversupply
UK’s natural gas prices continued to shed on Friday pressured by a system oversupply and lower demand expectations, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
Crude oil prices plunge on unchanged fundamentals
As WTI crude prices plummeted into a negative territory for the first time in history, downward pressure continued on Tuesday pushing both WTI and Brent future prices down.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Asian LNG spot prices to fall below US breakeven costs
Delivered prices for Northeastern Asia LNG spot prices have dropped to below $2.40 per million British thermal units, as fundamentals continue to weaken, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 6, 2020
US natgas consumption down 18% in Q1: EIA
U.S. residential and commercial natural gas consumption fell 18% in the first quarter of the year, mostly due to a mild winter, the U.S.- Joe Barone, Shale Directories
- Blog, Natural Gas Prices
- April 6, 2020
Dutch TTF gas prices to sink on industrial demand decline
European gas price benchmark TTF is expected to sink this month as industrial gas demand in France, Spain and Italy could drop by 20%, according to Energy Aspects.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Saudis, Russians may cut back supply by 10 Mmbpd: Trump
U.S. President Donald Trump said Thursday he expects Saudi Arabia and Russia will find a compromise and cut back roughly 10 million barrels of crude supply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Oil prices rally over 30% on hopes of output cuts
Crude oil prices rallied on Thursday after U.S. President Donald Trump said Saudi Arabia and Russia could agree on cut production by 10 million barrels, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Global natgas sector faces unpredictable year: WoodMac
Global natural gas sector faces an unpredictable year with potential for U.S. LNG shut-ins, historically low prices in Asia and Europe, as well as a boost in coal-to-gas shift in Asia, Wood Mackenzie said on Wednesday.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Permian output already a ‘victim’ of oil price war: GlobalData
The Permian Basin will see the largest effects of capex cuts on production, compared to all other U.S. unconventional plays, Kallanish Energy learns from a GlobalData analyst.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
Asia LNG spot prices drop again as India starts lockdown
Asian spot liquefied natural gas (LNG) prices have dropped to below $3 per million British thermal units (MmBtu) again, as force majeures in India increase supply on the spot market.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Moody’s lowers Henry Hub gas price forecast 📉
Moody’s Investors Services announced on Thursday it has reduced its medium-term price band for Henry Hub natural gas by 25 pences, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Gas prices to remain low over the next two years: Fitch 📉
Fitch Ratings has trimmed its natural gas price forecasts both for the U.S. and European benchmarks on the back of “very large” market oversupply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Fitch cuts 2020 Brent price forecast by $21.50/Bbl 📉
Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Wintershall Dea’s production up 9%, costs down 20%
German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Energean secures gas prices for 70% of output
Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry, and its Edison acquisition will shield the company from price volatility.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Papua New Guinea LNG sells cargo at $4/MmBtu: report
ExxonMobil’s Papua New Guinea LNG plant has reportedly sold a liquefied natural gas cargo at nearly $4 per million British thermal units for loading in April, potentially suggesting a price hike.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Crude oil prices plummet on growing surplus
Crude oil prices plummeted on Monday as the coronavirus’ fast spread around the world is killing global oil demand, and supply continues surging, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Aramco ‘very comfortable’ with oil at $30 a barrel: officials
Saudi Aramco is “very comfortable” with crude oil prices of $30 a barrel and will remain so “for a long time,” officials said on Monday during the company’s first earnings call with investors and analysts.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Russia approves zero tax on Arctic gas extraction
Russia’s upper house has approved a tax exemption on natural gas drilling in the Arctic, as a way to boost production of further liquefied natural gas (LNG) in the region.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Saudi Arabia, UAE to flood oil markets in April
As the coronavirus outbreak is declared a pandemic by the World Health Organization, Saudi Arabia and the UAE announced they are increasing crude supply to the market in April by around 3 million barrels per day (Mmbpd), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Analysts Expect Gas Producers to Gain Amid Oil Losses 📉
The loss to U.S. shale oil producers could allow the region’s gas-focused producers to benefit, as production cuts due to low oil prices are likely to ease the supply glut in the gas market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil prices collapse 30%, may dip into $20s
Saudi Arabia added fuel to an already burning oil market by slashing its crude oil prices to Europe, Asia and the U.S.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Parsley Energy, Diamondback Energy cut Permian drilling
Permian players Diamondback Energy and Parsley Energy announced Monday they are cutting down development activities as an immediate reaction to the crash in oil prices.- Joe Barone, Shale Directories
- Blog
- February 28, 2020
Crude falls for 5th day on demand concerns
Crude oil prices fell for a fifth straight trading day Thursday, to their lowest point in 13 months, as a growing number of new coronavirus cases outside China fueled fears of a pandemic, which could slow the global economy and lower crude demand.- Joe Barone, Shale Directories
- Blog
- February 27, 2020
Crude slides, tumbling deeper into bear market territory
Crude oil prices on average dropped more 2.5% Wednesday after hundreds of new coronavirus cases reported in Asia, Europe and the Middle East fired concerns energy demand would decline, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 25, 2020
Oil slides, posts worst day in more than a month
Crude oil on average slid more than 3.5% Monday, falling into bear market territory as the number of coronavirus cases outside of China jumped, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 21, 2020
Crude gains on smaller-than-expected inventory build
Crude oil prices rose Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude inventories, Kallanish Energy reports. Gains, however, were held down by continuing worries about the spread of the Coronavirus outside China.- Joe Barone, Shale Directories
- Blog
- February 20, 2020
Oil jumps on slowing virus cases, US move on Rosneft unit
Crude oil prices jumped 2.4% Wednesday as traders’ worries eased about demand declining due to the spread of the coronavirus in China, while supplies tightened as the U.S.- Joe Barone, Shale Directories
- Blog
- February 19, 2020
Crude scarcely moves in Tuesday trading
Crude oil prices were little changed Tuesday, held down by concerns over the impact on crude demand from the coronavirus outbreak in China, and the lack of movement by Opec+ to further lower production.- Joe Barone, Shale Directories
- Blog
- February 18, 2020
Oil up as output cut hopes offset coronavirus concern
Crude oil prices were up slightly Monday as concerns over the economic impact of the coronavirus outbreak in China were offset by expectations potential Opec+ production cuts could tighten global crude supply.- Joe Barone, Shale Directories
- Blog
- February 17, 2020
US Henry Hub prices rise 14.5% from 2020 to 2021
In January, the Henry Hub natural gas spot price averaged $2.02 per million British thermal units (MmBtu), as warm weather contributed to below-average inventory withdrawals and put downward pressure on natural gas prices, the Energy Information Administration reports in its February Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- February 14, 2020
Crude oil rises for third straight session
Crude oil prices rose Thursday, as investors hoped many of the world’s biggest oil producers would cut more output, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 12, 2020
Oil rebounds from 13-month low
Crude oil prices inched up from 13-month lows Tuesday as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- February 10, 2020
Crude falls 1%, as Russia needs time to mull more cuts
Crude oil prices fell 1% Friday as Russia said it needed more time before committing to additional production cuts sought by other members of Opec+, even as the coronavirus outbreak caused questions about global crude demand.- Joe Barone, Shale Directories
- Blog
- February 5, 2020
Crude up as demand fear outweighs hope for more Opec+ cuts
Crude oil prices were little changed Tuesday as fear energy demand would be negatively impacted long-term by the coronavirus outbreak offset prospects for more crude production cuts by Opec+ members.- Joe Barone, Shale Directories
- Blog
- January 13, 2020
Crude slips as investors focus on US inventories
Brent crude oil slipped further towards $65 a barrel on Friday as tensions in the Middle East concerning Iran eased as investors focused on rising U.S.- Joe Barone, Shale Directories
- Blog
- January 9, 2020
Crude falls after Trump says Iran ‘appears to be standing down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S.- Joe Barone, Shale Directories
- Blog
- December 19, 2019
Crude Oil down slightly after smaller-than-expected US inventory fall
Crude oil prices slightly fell Wednesday after Energy Information Administration data showed a decline in crude inventories and on expectations for an increase in demand in 2020 due to progress in resolving the U.S.-China- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Crude oil falls on surprise US inventory build
Crude oil prices dropped roughly 1% Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a new round of tariffs by Washington on Chinese goods would come into force Sunday.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Oil rises, but US-China trade war impacts outlook
Crude oil prices slightly rose Tuesday as Opec+’s deal last week to raise output cuts in 2020 continued to provide a floor for prices.- Joe Barone, Shale Directories
- Blog
- December 5, 2019
Oil up on eve of Opec meeting
Crude oil gained roughly 4% Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from Opec+ lifted prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 27, 2019
Oil gains as optimism rises on US-China talks
Crude oil prices slightly rose Tuesday after news U.S. and Chinese officials had discussed trade, while predictions for a weekly draw on U.S.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
Crude jumps on hopes of longer Opec cuts
Crude oil prices rose more than 2% Thursday, following a Reuters report Opec+ members are likely to extend output cuts until mid-2020, while new signs emerged China had invited U.S.- Joe Barone, Shale Directories
- Blog
- November 21, 2019