Oil and Gas Natural Gas Prices

  • 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...

  • LONDON, May 3- Asian spot prices for liquefied natural gas edged up this week amid stronger bids from market players with short positions and expectations of a rise in northern hemisphere summer demand in Asia. The price for delivery of LNG to northeast Asia in June is estimated at $5.60 per million British thermal units, a 30 cent rise from the previous week.

  • May 1- U.S. oil and gas producer Apache Corp reported a 69 percent plunge in adjusted quarterly profit on Wednesday, as lower crude and natural gas prices offset higher output from the Permian basin in the United States and the UK North Sea. The Houston- based company said adjusted earnings fell to $38 million, or 10 cents per share, in the first quarter ended March 31,...

  • Total production, excluding Libya, rose by 94,000 barrels of oil equivalent per day to 1.32 million boepd in the quarter. The company said the total realized price per barrel was $50.59 in the quarter, compared with $50.49 per barrel a year earlier, as higher LNG and bitumen prices were largely offset by lower crude, natural gas liquids and natural gas prices.

  • *Indonesia, Australia, U.S. and Trinidad offer cargoes. *Japan, Mexico, Argentina seek cargoes. SINGAPORE, April 26- Asian spot prices for liquefied natural gas snapped three straight weeks of gains this week as more spot cargoes filled the market while levels in storage tanks in the main demand region of North Asia remained relatively high.

  • April 23- Oil and gas producer Apache Corp said on Tuesday it temporarily halted production at its Alpine High assets in the Permian basin late March, curtailing output of about 250 million cubic feet of natural gas per day because of extremely low prices. Natural gas prices in the basin, spread across west Texas and New Mexico, traded in negative territory for...

  • LONDON, April 10- One of the world's biggest traders, Trafigura, booked a $254 million loss from oil and gas market hedges last year, highlighting the challenges traders face when taking large loans to protect against price swings in illiquid commodities. The hedging losses at privately owned Trafigura, which made a net profit of $873 million last year, have not...

  • LONDON, April 3- U.S. natural gas prices remain mired below $3 per million British thermal units despite a relatively cold winter that has left the volume of gas in storage well below normal for the time of year. Futures prices for natural gas delivered to Henry Hub in June 2019 are just over $2.70 per million BTUs, down from $2.90 in the middle of March, and have...

  • LAUNCESTON, Australia, March 25- The slump in the spot price of liquefied natural gas in Asia to its lowest in three years should give pause for thought to the slew of companies planning new ventures to produce the super-chilled fuel. The spot price for LNG delivered to Northeast Asia dropped to $4.65 per million British thermal units in the week to March 21, the...

  • *Offers seen from Egypt, Australia- traders. SINGAPORE, March 15- Asian spot prices for liquefied natural gas this week fell to their lowest for this time of the year since 2016 as more supply entered the market from Egypt and Australia, with the lower prices attracting Indian demand, trade sources said. For instance, India's Reliance Industries issued a tender...

  • Spot prices for April delivery to Northeast Asia are currently at around $6.00 per million British thermal units, down 20 cents from the previous week at the lowest since Aug. 4, 2017 when they hit $5.90 per mmBtu, Eikon data showed. Spot demand from China, the world's second-largest LNG importer, remained slow, but there were some enquiries for April cargoes, trade...

  • Feb 27- Chesapeake Energy Corp reported a 57 percent rise in quarterly profit on Wednesday, benefiting from higher natural gas prices. The Oklahoma-based natural gas and oil producer said net income available to shareholders rose to $486 million, or 49 cents per share, in the fourth quarter ended Dec. 31, from $309 million, or 33 cents per share, a year earlier.

  • LONDON, Jan 31- Asian spot prices for liquefied natural gas have fallen below the UK front-month gas price, reversing a multi-year trend in which Asian prices had a premium over Europe and prompting some traders to redirect cargoes to Europe from Asia. But as temperatures in Asia have been unseasonably warm this winter, Asian gas stocks have remained full,...

  • Nat gas prices plunge on warmer February forecast

    Jim Iuorio of TJM Institutional Services joins 'The Exchange' to discuss why natural gas prices are plunging.

  • *Europe, India, Mexico keep buying. LONDON, Jan 25- Asian spot prices for liquefied natural gas fell for the fifth week in a row with no signs of demand picking up as temperatures remained above average in Asia-Pacific, allowing Europe to absorbing supplies. Trading house Trafigura and energy major Shell offered March cargoes in Asia at $8.00- 8.20/ MMbtu in the...

  • SINGAPORE, Jan 18- Asian spot prices for liquefied natural gas continued to fall this week as importers in North Asia have largely finished their purchases for winter, but losses were stemmed as plants closed for maintenance. Spot prices for March delivery to Asia this week slipped to $8.20 per million British thermal units, down 10 cents from the previous week,...

  • LAUNCESTON, Australia, Jan 17- The spot price of liquefied natural gas in Asia has completely missed its usual winter peak, with much of the blame being laid at the door of milder-than-usual temperatures trimming demand. A total of 20.25 million tonnes of the super-chilled fuel were delivered in December to the region, which includes the top three consumers of...

  • Jan 14- U.S. natural gas futures surged over 15 percent on Monday on forecasts for much colder weather through the end of January than previously expected, sparking a return of extreme volatility seen at the end of last year. "This pattern could easily extend into February and bring several weeks of sustained cold and elevated heating demand, resulting in the...

  • Jan 14- U.S. natural gas futures surged nearly 13 percent on Monday on forecasts for much colder weather through the end of January than previously expected, sparking a return of extreme volatility seen at the end of last year. "This pattern could easily extend into February and bring several weeks of sustained cold and elevated heating demand, resulting in the...

  • Jan 14- U.S. natural gas futures soared more than 11 percent on Monday on forecasts for much colder weather through the end of January than previously expected, sparking a return to the extreme volatility seen at the end of last year. In their latest predictions, meteorologists said the weather would turn intensely cold starting around Jan. 19 and remain frigid...