India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from the country's largest importers have said that India's appetite is likely to increase in the next few years, due to the demand for liquefied gas across fertiliser, city-gas, refining, and power sectors. They added that a lower price would be necessary to increase consumption. India is currently the fourth largest buyer of LNG in the world. It aims to increase the gas share to 15% of its energy mix by 2030, up from the current 6.2%.
India's demand for LNG is set to increase across industries, if prices are cooperative
Executives from India's leading importers have said that the demand for liquefied gas in India is expected to increase over the next few years. This will be driven by the demand for city gas, fertilizers, power, and refining. They added that a lower price would be necessary to encourage further consumption. India is the fourth largest 'buyer' of LNG in the world and wants to increase the gas share to 15% from its current 6.2% by 2030.
US Northeast spot natgas, power and electricity prices reach record highs due to Arctic blast that boosts heating demand and freezes gaswells
U.S. spot gas and power prices soared in the northeastern region of the country as homes and businesses turned up their heaters. The cold Arctic air had frozen oil and gas wells, and pipes this week. This resulted in gas production dropping to a 2-year low. Pennsylvania's?has jumped by 47%, to a record of $59. In Pennsylvania and Maryland, the price of a megawatt-hour (MWh) soared by 146%.
EUROPE GAS - Prices trade down but geopolitical and storage concerns remain
The Dutch and British wholesale gas price were not much different on Wednesday morning, but the market will likely remain choppy due to geopolitical tensions and low storage levels. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell by 0.30 euros to 34.80 Euro per megawatt hour at 0841 GMT. The price of the?day-ahead contracts increased by 0.15 euros to 36.00 Euro/MWh.
Exxon announces a decline in upstream profits for the fourth quarter
Exxon Mobil, the U.S. oil giant, said on Wednesday that lower crude?oil?prices may reduce its fourth-quarter?earnings? by $800 million to $1 billion. The price of oil fell 9.2% in the three-month period ending December 31 as geopolitical risk was outweighed by concerns over supply and tariffs. Brent crude futures lost?about 19% by 2025. This is the largest annual percentage decline since 2020, and the longest streak of losses ever recorded. U.S.
EOG Resources: Higher Venezuelan output and oversupply are weighing down on shale oil prices
Ann Janssen, finance chief at EOG Resources, said that on Wednesday oversupply from Venezuela and possibly higher production are pushing down oil prices. This trend is likely to continue for several more quarters. Brent crude futures fell about 0.6% to $60.30 per barrel as investors reacted after U.S. president Donald Trump announced that his country had "reached an accord" to import up $2 billion of Venezuelan crude.
EUROPE GAS - European prices are easing due to profit-taking and milder weather.
Gas prices fell in Europe and Britain on Monday after reaching a month-high in the previous session. Traders took some profits and forecasts for less windy and cold weather eased demand. LSEG data shows that the benchmark Dutch front-month contract for the TTF hub fell by 1.23 euros to 27.60 Euro per megawatt hour or $9.45/mmBtu at 0916 GMT. The contract was closed on Friday at the highest level since November 27.
Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), up from $9.50 last week, the lowest since April 2024…
EUROPE GAS-European gas prices increase in the afternoon on cooler weather forecast
The Dutch and British gas price rose on Friday after-noon on the expectation of higher demand. Data compiled by LSEG revealed that the benchmark Dutch front-month contract at the TTF Hub was up 0.73 'euro 'at 27,65 euros per megawatt (MWh), which is $9.51/mmBtu by 1627 GMT. The Dutch day-ahead contracts was up 0.58 Euro at 27.58 EUR/MWh. The British front-month contract gas price?was up 2.66 pence to 73.31 p/therm while the day-ahead was up 2.56 pence to 71.31p/therm.
EUROPE GAS - European prices are flat, but cooler temperatures support them
The Dutch and British gas price were not much different on Friday. This was due to the expectation of increased demand as the recent warmer temperatures are expected to be replaced by more normal seasonal temperatures. Data compiled by LSEG revealed that the benchmark Dutch front-month contracts?at the TTF hub? were up 0.10 euros at 27.02 Euros per Megawatt Hour (MWh) or $9.26/mmBtu by 0828 GMT. The Dutch day-ahead contracts was flat at 27,00 euros/MWh.
EUROPE GAS - European prices drop on warmer and windier weather
The Dutch and British gas price continued to drop on Friday as the forecast of warmer and windier weather for next week reduced demand and tightened up the spread between United States gas delivery and Dutch prices. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.32 euros, or $9.26/mmBtu at 1025 GMT. Data showed that the U.S. Henry Hub front-month contract fell by 0.10 euros to 14.73 euros/MWh or $5.03/mmBtu. The U.S.
EUROPE GAS - European prices drop as milder and windier weather returns
The Dutch and British gas price fell on Thursday morning, as the forecast for warmer weather and increased wind next week reduced demand. LSEG data shows that the benchmark Dutch front-month contract was lower by 0.55 euros, or $9.44/mmBtu at 0947 GMT. The Dutch day-ahead contracts was down by 0.38 euros to 27.85 Euros/MWh. Gas prices in the UK for the day ahead fell by 2.25 pence, to 70.25 p/therm. The front-month contract also dropped by 1.75 pence, to 71.75p/therm.
Bousso: TotalEnergies' ROI-TotalEnergies power play shows Big Oil how to make energy transition work
TotalEnergies of France is betting heavily on renewables and power, positioning itself as a leader in the global energy demand wave. It also offers investors an alternative to its rivals who are doubling down on gas and oil. Since 2022, the strategies of European oil companies have been in a constant state of flux. The sanctions and full-scale Russian invasion of Ukraine created…
Bousso: TotalEnergies' ROI-TotalEnergies power play shows Big Oil how to make energy transition work
TotalEnergies of France is betting heavily on renewables and power, positioning itself as a leader in the global energy demand wave. It also offers investors an alternative to its rivals who are doubling down on gas and oil. Since 2022, the strategies of European oil companies have been in a constant state of flux. The sanctions and full-scale Russian invasion of Ukraine created…
EUROPE GAS - European prices rise from 18-month lows as cold weather looms
The Dutch and British gas price rose on Friday morning from a low of 18 months, which was reached a day before. This is because temperatures are expected to drop sharply in the coming week, increasing demand for energy, which should lead to a rise in gas storage withdrawals. LSEG data shows that the benchmark Dutch front-month contract was up 0.17 euros at 30.65 Euro per megawatt hour at TTF hub, or $10.46/mmBtu at 0919 GMT.
APA's strong natural gas demand helps it beat third-quarter profit expectations
The oil and gas company APA surpassed Wall Street's expectations for the third quarter profit on Wednesday as strong natural gas demand helped offset weaker production of crude oil. The average natural gas price jumped by 26% compared to the previous year to $3.25 for a million British thermal units in the third quarter. This was primarily due to the surge in demand for power from data centers that are dedicated to artificial intelligence (AI) and cryptocurrency.
Coterra Energy misses quarterly profit, raises 2025 production forecast
Coterra Energy, an oil and gas company, missed Wall Street's expectations for the third quarter profit on Monday as lower oil prices offset an increase in production. However, it raised its production forecast. In after-market trading, shares of the company fell 3% to $23.66. U.S. president Donald Trump's policies on trade fueled uncertainty in the energy sector, as trade tensions escalating threatened to slow down global economic growth and weaken demand for energy.
Exxon exceeds Q3 profit expectations on higher Guyana and Permian production
Exxon Mobil surpassed Wall Street expectations for the third quarter earnings on Friday. This was due to higher oil and natural gas production in Guyana, and the Permian basin which helped offset lower oil prices. LSEG data shows that adjusted earnings for the quarter July-September were $8.1 billion or $1.88 a share. This was higher than the consensus analyst estimate of $1.82 a share.
Shell and Total raise concerns about the timing of a new global LNG supply
Shell and TotalEnergies are the two world's largest LNG traders. They said that the timing of the new LNG projects around the globe is still in flux. This could lead to uncertainty regarding long-term supplies. The construction costs of new LNG projects have increased due to rising tariffs. U.S. LNG suppliers are attempting to renegotiate contracts to cover these costs. Some large LNG projects…
Shell Finance Chief flags unpredictability in the timing of global LNG supply
Shell, the largest LNG trader in the world, announced on Thursday that there is uncertainty regarding the long-term supply of LNG due to the uncertain timing of new LNG projects around the globe. Shell CFO Sinead Gorman's comments suggest caution, as forecasts indicate ample LNG supplies in the future. However, she wasn't concerned by the European Union’s decision this month to prohibit Russian liquefied gas (LNG), imports, from January 2027.