Oil and Gas Natural Gas Prices

  • South Korea customs price: https://tmsnrt.rs/2Ne8jbL. This means that for many consumers of LNG, especially in the top- and third-ranked buyers Japan and South Korea, the decline in spot prices is largely irrelevant. South Korea paid $9.40 per mmBtu for its LNG imports in July, which is only 6% less than the $10.01 it paid for them in July 2018, according to customs...

  • SINGAPORE, Aug 16- Asian spot prices for liquefied natural gas remained steady this week amid sweltering heat in Japan driving buying activity, while a new project in the United States is expected to load its first cargo soon. Spot prices for October delivery to Northeast Asia are estimated to be about $4.70 to $4.90 per million British thermal units, slightly up...

  • OSLO, Aug 8- Danske Commodities, a power and gas trading firm owned by oil major Equinor, has expanded its operations to the United States, completing its first trade on the PJM wholesale power market, it said on Thursday. The trade, which Danske Commodities called a milestone, extended the company's reach to 39 countries and was part of a strategy to expand globally,...

  • TOKYO/ SINGAPORE, Aug 7- An inexorable decline in spot market prices for liquefied natural gas is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said. But liberalization in Japan's energy markets means the old guard utilities are losing customers to new...

  • Aug 6- Chesapeake Energy Corp on Tuesday forecast double-digit growth for oil production in 2020 after reporting better-than-expected quarterly output, as it shifts focus to crude amid weak natural gas prices. Chesapeake has been moving money from the gas-rich Marcellus Shale and Mid-Continent areas to the oil-heavy Powder River Basin, as an oversupply...

  • Aug 6- Chesapeake Energy Corp posted a bigger-than-expected quarterly loss on Tuesday, hurt by lower production and natural gas prices, as well as higher production costs. Adjusted net loss attributable to Chesapeake widened to $158 million in the quarter ended June 30 from $118 million a year earlier. On a per share basis, it reported a loss of 10 cents, while...

  • Aug 2- Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices and higher maintenance costs. The largest U.S. oil producer's net income fell to $3.13 billion, or 73 cents per share in the second quarter, from $3.95 billion, or 92 cents per share, last year. Exxon's oil equivalent production rose 7% to 3.9 million barrels per...

  • *IOC and CNOOC buy cargoes at below $4/ mmBtu. Spot prices for September delivery to Northeast Asia are estimated to be about $4.10 per million British thermal units, down 15 cents from last week, the sources added. Ample supply of LNG and still-weak demand for the super-chilled fuel has seen at least two spot trades done below $4 per mmBtu for August and September...

  • July 31- Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to derivatives contracts and lower natural gas prices. Core income fell to $729 million, or 97 cents per share, in the...

  • July 31- Whiting Petroleum said on Wednesday it has cut its workforce by 33% after reporting a second-quarter surprise loss, hit by a drop in crude and natural gas prices. The company expects the job cuts and other restructuring efforts, which would lead to a one-time charge of $8 million in the third quarter of 2019, to generate $50 million of annual cost savings.

  • LONDON, July 26- Spot liquefied natural gas prices in Asia dropped this week as no substantial demand emerged to offset an oversupply of cargoes in the market. The LNG price for northeast Asia delivery in September is estimated at $4.25 per million British thermal units, a 35 cent drop from the previous week. Indonesia's Pertamina and Italy's ENI jointly offered...

  • LONDON, June 28- Relatively cool temperatures at the start of summer across the most densely populated parts of the United States have sent natural gas prices tumbling to their lowest level for three years, piling on the misery for producers. Front-month futures prices for gas delivered to Henry Hub in Louisiana have averaged less than $2.34 per million...

  • LONDON, June 28- Relatively cool temperatures at the start of summer across the most densely populated parts of the United States have sent natural gas prices tumbling to their lowest level for three years, piling on the misery for producers. Front-month futures prices for gas delivered to Henry Hub in Louisiana have averaged less than $2.34 per million...

  • LONDON, June 28- Dutch gas prices hit 10- year lows this week, reflecting high European inventories swelled by liquefied natural gas imports, testing levels at which companies that committed to buy U.S. On Friday, Dutch gas for July delivery slumped to 8.95 euros per MWh, the lowest since August 2009. LNG is still being sold to Europe, which received between 30% and...

  • SINGAPORE, June 14- Asian spot prices for liquefied natural gas edged higher this week, tracking higher oil prices and as production curbs in Australia boosted demand, industry sources said. Spot prices for July delivery to Northeast Asia are estimated to be $4.30 to $4.40 per million British thermal units, up from $4.25 last week, the sources said.

  • Spot prices for July delivery to Northeast Asia are estimated to be $4.25 per million British thermal units, down from $4.50 last week. That is the lowest since April 2016 when prices slumped to $4.00 per mmBtu, itself the lowest since Reuters began assessing prices in July 2010. The lackluster market this week reflects a fall in the broader energy complex over...

  • SINGAPORE/ TOKYO, May 28- Abundant inventories of liquefied natural gas along with a steady amount of previously contracted supply will aid Japan in overcoming hot weather expected to increase demand for natural gas for cooling in the coming days, industry sources said. Japan is expected to experience average-to-warmer weather between June and August, the...

  • SINGAPORE/ TOKYO, May 28- Abundant inventories of liquefied natural gas along with a steady amount of previously contracted supply will aid Japan in overcoming hot weather expected to increase demand for natural gas for cooling in the coming days, industry sources said. Japan is expected to experience average-to-warmer weather between June and August, the...

  • SHANGHAI/ SINGAPORE, May 23- PetroChina is bucking normal practice and raising its wholesale natural gas prices during the weak-demand spring season, several sources said, preparing for the coming consolidation of China's pipeline assets and trying to recoup huge fuel import losses. The increases from PetroChina- which supplies more than 70 percent of...

  • LONDON, May 10- Liquefied natural gas prices in Asia held largely steady this week, taking a breather after recovering from a significant dip in March. LNG for delivery in northeast Asia in June is estimated at $5.60 per million British thermal units, the same level as last week. One is the trading arm of Russian producer Novatek, which is looking to buy a cargo in the...