The Dutch government is confident that the country will reach its gas storage targets before the upcoming heating season, aiming to ease market concerns on the matter. According to the Ministry of Climate Policy and Green Growth, current fuel reserve volumes meet the EU threshold levels for July.
As reported by Oilprice.com, the European Parliament has approved eased requirements for gas storage refills in the EU. This move is expected to help prevent sudden spikes in energy prices. Under the new rules, countries in the region must reach the 90% goal between October 1 and December 1.
The US Department of the Interior has proposed changes to regulations governing oil and gas extraction on federal lands. The new approach will allow companies to combine production from multiple sites using a single drilling pad.
Despite growing electricity demand during summer months, China has no plans to increase imports of costly liquefied natural gas (LNG). The Asian country is using cheaper alternatives like coal.
An increase of the indicator value may contribute to the rise in quotes of NG.
According to Baker Hughes' weekly report released on Thursday, US energy companies reduced the number of active oil and gas drilling rigs for the tenth week in a row. The total rig count dropped by 8 to 539.
A decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.
A decrease of the indicator value may contribute to the rise in quotes of NG.
Natural gas prices in the US gained over 2% on Wednesday, breaking a two-day streak of losses. Additionally, hotter weather is expected to boost fuel demand over the next two weeks.
LSEG preliminary data indicate a decline in exports of liquefied natural gas (LNG) from the United States in June. The reason was maintenance work at some of the country’s largest facilities.
According to Reuters, higher demand for liquefied natural gas (LNG) in Europe has contributed to a shift in global cargo flows away from Asia. Overall LNG supplies increased in the first half of this year.
Natural gas is not just a fuel for cooking and heating. It is also a key element on the global economic stage. This page provides information on the latest market events and trends, allowing you to assess their impact on natural gas prices.
Natural gas market news is more than just information for experts. The news are important signals about the future of the energy sector and economy. Understanding these trends helps us to be both informed consumers and prudent investors.
