Kevin Dobbs

2 days ago | naturalgasintel.com | Kevin Dobbs |Chris Newman |Christopher Lenton |Carolyn Davis

Uncontrolled wildfires near Western Canada’s oilsands already curtailed some crude and natural gas production and could force further cutbacks as summer begins and a major new export project nears completion. A fire near Cold Lake in Alberta early this week forced employee evacuations and production pullbacks. Canadian Natural Resources Ltd., the country’s biggest oil and gas producer, evacuated workers from its Jackfish 1 oilsands project. This resulted in modest cuts to output.

2 days ago | naturalgasintel.com | Kevin Dobbs |Chris Newman |Christopher Lenton |Carolyn Davis

While at generally healthy levels, natural gas storage in the Midwest held slightly below historical norms through late May. This left the heavy gas-consuming region vulnerable to any surges in summer cooling demand as well as overall competition, given robust demand for U.S. exports. The prospect of more widespread domestic heat in June and the culmination of spring maintenance at LNG terminals points to increased consumption in coming weeks.

4 days ago | naturalgasintel.com | Kevin Dobbs |Chris Newman |Christopher Lenton |Carolyn Davis

Natural gas cash and forward prices continue to show signs of relative strength in the Southeast as cooling demand rises and competition for supply intensifies. NGI’s Weekly Spot Gas National Avg. for the May 27-29 period rose 24.5 cents to $2.650/MMBtu. Prices at key hubs in the Southeast posted smaller increases but climbed to notably higher levels. Florida Gas Zone 3 gained 15.0 cents to $3.440, while Transco Zone 4 advanced 6.5 cents to $3.285.

1 week ago | naturalgasintel.com | Andrew Baker |Kevin Dobbs |Chris Newman

Natural gas forward pricing fell during the May 22-28 trading period, as consecutive triple-digit storage builds and sluggish near-term demand weighed on sentiment. June basis differentials strengthened substantially in the Rocky Mountains and Southern California, but weakened significantly in Appalachia, NGI’s Forward Look data show. Meanwhile, forward fixed prices fell across the curve, and at nearly all locations.

1 week ago | naturalgasintel.com | Kevin Dobbs |Chris Newman |Carolyn Davis |Jodi Shafto

Natural gas prices in the Southwest rallied during June bidweek trading as summer-like heat sizzled across the region. Daily cash prices followed suit. Peak temperature routinely hit the triple-digit level in Phoenix in the second half of May, and highs often approached that mark in Las Vegas. More of the same was projected through the end of the month, according to National Weather Service (NWS) data, though some short-lived relief from the extreme heat was expected in early June.