Blame It On Texas - Natural Gas Futures Surge After EIA Reports Steep South Central Withdrawal - Natural Gas Intelligence

The Energy Information Administration reported a smaller-than-expected increase in natural gas inventories, boosting futures prices.

naturalgasintel.com

Relevant topic timeline:

8/30/2023

Oil Rises After EIA Confirms Major Crude Draw

Crude oil prices rose after the U.S. Energy Information Administration reported a larger-than-expected inventory decline of 10.6 million barrels for the week ending August 25.

9/3/2023

Fracking Fuels U.S. Natural Gas Production Explosion

U.S. natural gas production reached a new high in 2022, surpassing Russia and Iran, while consumption increased due to a shift away from coal and growth in renewable energy.

9/7/2023

U.S. Oil Inventories See Large Drawdown, Tightening Supplies and Lifting Prices Toward Potential $100+ Per Barrel

Crude oil prices in the US increased due to a 6.3 million barrel inventory draw, following a massive decline of 10.6 million barrels the previous week, bringing inventories to the lowest in eight months.

9/20/2023

Gas Prices Reach 11-Month High Due to Oil Supply Cuts and Seasonal Factors, But Falling Demand Could Provide Relief

Gas prices in the US have reached their highest level in 11 months, posing challenges for the Federal Reserve in its campaign to control inflation. Factors contributing to the increase include rising oil prices, production cuts by Saudi Arabia and Russia, reduced refinery production due to hot weather, and low reserves in the Strategic Petroleum Reserve. However, prices are expected to decrease with the switch to a cheaper gasoline blend in the fall and projected global economic slowdown in 2024.

9/20/2023

Chevron CEO Predicts $100 Oil as Tight Supply Drives Up Gas Prices

Gas prices are expected to rise to $100 per barrel of crude oil, but experts believe consumers will be able to handle the increase, with some price easing predicted in the future.

9/21/2023

China's Natural Gas Demand Set to Grow in 2023 on Economic Recovery and Lower Prices

China's natural gas demand is expected to grow by 8% this year, higher than analysts' forecasts, due to recovering industrial demand and lower global prices, with LNG imports and piped gas imports also projected to increase by 10.9% and 10.7% respectively in 2023.

Topics

Posted 8/24/2023, 3:21:15 PM

Blame It On Texas - Natural Gas Futures Surge After EIA Reports Steep South Central Withdrawal - Natural Gas Intelligence

The Energy Information Administration reported a smaller-than-expected increase in natural gas inventories, boosting futures prices.

naturalgasintel.com

Relevant topic timeline:

8/30/2023

Oil Rises After EIA Confirms Major Crude Draw

Crude oil prices rose after the U.S. Energy Information Administration reported a larger-than-expected inventory decline of 10.6 million barrels for the week ending August 25.

9/3/2023

Fracking Fuels U.S. Natural Gas Production Explosion

U.S. natural gas production reached a new high in 2022, surpassing Russia and Iran, while consumption increased due to a shift away from coal and growth in renewable energy.

9/7/2023

U.S. Oil Inventories See Large Drawdown, Tightening Supplies and Lifting Prices Toward Potential $100+ Per Barrel

9/20/2023

Gas Prices Reach 11-Month High Due to Oil Supply Cuts and Seasonal Factors, But Falling Demand Could Provide Relief

9/20/2023

Chevron CEO Predicts $100 Oil as Tight Supply Drives Up Gas Prices

Gas prices are expected to rise to $100 per barrel of crude oil, but experts believe consumers will be able to handle the increase, with some price easing predicted in the future.

9/21/2023

China's Natural Gas Demand Set to Grow in 2023 on Economic Recovery and Lower Prices