Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.
The German tariff is a legacy of the European energy crisis that peaked in 2022 after Moscow slashed gas flows to Europe and an undersea explosion shut down the Nord Stream pipeline.
The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables.
With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.
EQT, the largest natural gas producer in the U.S., is taking greater control of the production chain with its latest move.
Trillion Energy reported 49 m of new gas pay will be perforated in four wells.
U.S. natural gas futures fell about 2% to a more than two-week low on April 15, weighed down by lower demand forecasts for this week than previously expected.