Oil and Gas Natural Gas Prices

  • The average LNG price for November delivery into northeast Asia was estimated at $5.55 per million British thermal units, down from $5.75 per mmBtu last week. On the Platts window, Shell sold a cargo to Vitol for delivery between Nov. 28 and Dec. 2 to Tianjin, China for $6.25 per mmBtu. On Friday, Kinder Morgan's Elba Island plant in the U.S. state of Georgia became the...

  • LAUNCESTON, Australia, Oct 3- Liquefied natural gas won't enjoy its customary winter boost in Asia this year, and the seasonal swings in prices may well be a thing of the past as new supply and a steadier China demand profile dampen volatility. Chicago Mercantile Exchange contracts based on the Asian benchmark spot price, the Japan/ Korea Marker compiled by S&P...

  • LAUNCESTON, Australia, Oct 1- China's imports of major commodities, including crude oil, iron ore, liquefied natural gas and coal, appeared to have once again shown resilience in September, challenging the prevailing narrative that the world's second-largest economy is weakening. The PMI readings did little to convince markets that a recovery was underway in...

  • LAUNCESTON, Australia, Oct 1- China's imports of major commodities, including crude oil, iron ore, liquefied natural gas and coal, appeared to have once again shown resilience in September, challenging the prevailing narrative that the world's second-largest economy is weakening. The PMI readings did little to convince markets that a recovery was underway in...

  • *At least 5 tankers change course and head to Asia. *Tohoku Electric seeks up to 3 cargoes for Japan. SINGAPORE, Sept 20- Asian spot prices for liquefied natural gas rose to a more than six-month high this week, tracking gains in the European gas market and as oil prices gained after attacks on Saudi Arabia's crude oil facilities over the weekend.

  • Spot prices for October delivery to northeast Asia are estimated at $4.90- $5.20 per million British thermal units, against around $4.40 a week ago, market sources said. The October contract on the Dutch market, a benchmark for LNG arriving in Europe, has risen by more than $1 since the end of last week and traded over $5/ mmBtu on Friday. Another trader said the impact...

  • Sept 12- An oversupply of natural gas in the United States will drive average prices in real terms at the Henry Hub benchmark to a level not seen since the 1970 s, according to a report from IHS Markit on Thursday. That oversupply will come from new pipelines that will allow a surge of new gas output associated with oil production in the Permian basin in West Texas and...

  • *Lower prices attract demand from India, China. SINGAPORE, Sept 6- Asian spot prices for liquefied natural gas slipped this week, as gas storage in Europe fills up and on higher U.S. supplies. Spot prices for October delivery to Northeast Asia are estimated to be about $4.30 to $4.50 per million British thermal units, down 20 to 40 cents from last week, said several...

  • SINGAPORE, Aug 30- Asian spot prices for liquefied natural gas were steady this week as spot demand from Japanese buyers stockpiling ahead of winter soaked up supply offered from Australia and Malaysia. Japan's Tohoku Electric likely bought a cargo for delivery over Oct. 16 to 20 at $4.60 to $4.70 per mmBtu, an industry source said, though this could not...

  • LONDON, Aug 23- Asian spot prices for liquefied natural gas held steady this week, supported by demand from Japan where sweltering weather continued, catching some buyers short. Deals for spot October delivery to Northeast Asia were heard at $4.70 per million British thermal units, slightly below last week's $4.80 per mmBtu, sources said. For September delivery,...

  • 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.