Tag

Natural Gas

All articles tagged with #natural gas

business3 days ago

Tech glitch freezes CME Globex metals and natural gas trading

CME Group halted trading in its CME Globex metals and natural gas futures and options markets due to technical issues. Natural gas futures and options will pre‑open at 12:45 Central Time and open at 12:50 Central Time as the firm investigates. All day orders and good‑till‑date orders for Wednesday were canceled, while good‑till‑canceled orders that had already been acknowledged would remain in place. CME said it is looking into the disruption.

Winter Chill Triggers Unprecedented Rally in U.S. Natural Gas
business1 month ago

Winter Chill Triggers Unprecedented Rally in U.S. Natural Gas

Extreme winter weather has sent U.S. natural gas futures soaring—about a 70% weekly jump and the largest move since 1990, with prices at their highest since 2022—driven by surging heating demand, dwindling storage, and potential pipeline disruptions. A surge in LNG exports abroad is tightening domestic supply, while later-dated futures are less affected. Analysts warn volatility could persist as the weather holds, even as White House officials highlight high domestic gas output as a relief to energy affordability.

Winter Storm Triggers 25% Jump in Natural Gas Prices Ahead of Cold Front
energy1 month ago

Winter Storm Triggers 25% Jump in Natural Gas Prices Ahead of Cold Front

Natural gas prices surged about 25% as a major winter storm looms over much of the U.S., likely driving higher heating bills amid ongoing affordability concerns. The National Weather Service warns of hazardous cold, freezing rain and heavy snow, which could boost demand through February. The EIA expects overall gas costs to fall in 2026 but rise in 2027 due to growing LNG exports and electric-power demand, and analysts say households could face roughly $1,000 in heating expenses this winter as winter energy prices remain elevated.

Oil Dips as Iran Tensions Ease; Natural Gas Rises After EIA Draw
forecasts1 month ago

Oil Dips as Iran Tensions Ease; Natural Gas Rises After EIA Draw

Natural gas rebounds after the EIA report showing a -71 Bcf draw, with prices testing the $3.10 area and eyeing resistance around $3.25–$3.30; WTI crude slips below $60 as Iran supply-disruption fears ease following Trump’s comments, with a path toward $55.50–$56.00 if it continues lower; Brent crude also eases toward $64 as Iran risk fades, with a downside target near $62.54 if losses extend.

Winter Weather and Data Centers Push U.S. Emissions Higher
environment1 month ago

Winter Weather and Data Centers Push U.S. Emissions Higher

Colder weather boosted heating fuels and a surge in electricity demand from data centres and crypto mining lifted US greenhouse gas emissions by 2.4% last year, with coal up 13% despite solar growth; higher natural-gas prices spurred fuel switching, while transport emissions stayed roughly flat thanks to more hybrids and EVs, and Trump-era policies are viewed as having little immediate impact.

3 Billion-Year-Old Rock Reveals Hidden Gas Reserves
science1 month ago

3 Billion-Year-Old Rock Reveals Hidden Gas Reserves

An ancient rock formation in South Africa's Witwatersrand Basin has been trapping helium for over 3 billion years, providing a valuable and rare resource crucial for medical and scientific applications. The study of this helium deposit offers insights into its formation, migration, and potential longevity, which could influence future helium exploration and supply management globally.