Market Watch

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

August gas futures fell 2.7¢ Friday to $2.582 per million Btu after the latest rig count showed the first increase in gas drilling in nine weeks. The report may have dashed hopes among some gas market bulls that producers would remain disciplined in the face of rising demand and prices. Friday’s price decline also comes after the US Energy Information Administration (EIA) reported an implied storage build that was 4 billion cubic feet above consensus.

Gas Demand, Gas Inventories, Gas Supply, Gas Prices, Gas Pipelines
Wanda Ad #2 (article footer)
Egypt has launched a new upstream bid round for 23 blocks as it faces amid a looming gas supply crunch.
Mon, Sep 25, 2023
India, the world’s most price-sensitive major LNG market, increased imports of the fuel in August by 10% from a year earlier as LNG prices eased.
Mon, Sep 25, 2023