Natural gas prices spike. What does this mean for your heating bill?
At the end of 2024, natural gas futures soared, reaching nearly $4 per unit, their highest point since June. But what will this mean for North Carolina homes that rely on gas-powered furnaces?
Natural Weekly Price Outlook – Natural Gas Continues to See Support Below
The natural gas market has gapped higher to kick off the week but then fell fairly hard. However, it is worth noting that we have found buyers and have bounced enough to suggest that the buyers are still in control.
Natural Gas Backs Off From Multi-Year Highs
Natural gas futures were down 6.4% early, backing off from a 2-year high hit Thursday and pushing prices back below the $4 per mmBtu mark.
2 Top ETFs to Profit From the Natural Gas Price Surge
Energy traders refer to natural gas futures as the "Widowmaker" due to the extreme volatility that can trigger on a moment's notice. Such drastic moves in the oils/energy sector have been commonplace in the last two months.
Natural Gas Price Outlook – Natural Gas Continues to Be Volatile
The natural gas market continues to see a lot of noisy trading, as the $4 level is an important level for the market, and an area that I think will continue to be a magnet for price, and it should continue to be an important pivot level.
U.S. Natural Gas Futures Settle at Two-Year High
U.S. natural gas futures rose 2.9% and posted their highest settle level since January 2023 ahead of a weekly storage report that’s expected to show the first of several outsized inventory drawdowns.
US drillers cut oil and gas rigs to lowest since December 2021, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest ...
Cold Weather is Burning Up the Natural-Gas Glut
Natural-gas prices hit some of the lowest prices on record last year after one of the warmest winters on record left a ...
U.S. natural gas inventory net change of -258 Bcf for week ended Jan 10- EIA
Stocks for the week ended Jan. 10, were 3,115 Bcf vs. 3,373 Bcf for the week ended Jan. 3. Net change: -258 Bcf vs -40 Bcf ...
Chile to pen new gas supply deal with Argentina to meet deficits in north
Chile expects to reach a new agreement with neighbor Argentina to supply up to 2.5 million cubic meters of natural gas per ...
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Gas water heater wars go down to the wire with Texas suing Biden rule
No one is going quietly as the change in administration looms. In the latest, though probably not the last, final maneuver, ...
Natural gas leak in Seekonk disrupts businesses, traffic
SEEKONK, Mass. (WJAR) — Seekonk police reported a “large” gas leak Friday. In a social media post, they said the leak is in ...
ExxonMobil Finds Natural Gas Off Egypt's Mediterranean Coast
XOM's natural gas find off Egypt's coast could help the nation reverse its declining production and regain its status as a ...
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Europe Faces a Natural Gas Supply Challenge This Year
Europe may see a shortfall of LNG, which is becoming apparent after Ukraine ceased a transit agreement on January 1, 2025, ...
EQT, Devon Energy upgraded at Bernstein with U.S. natural gas 'supercycle' coming
EQT (NYSE:EQT) +3.21% and Devon Energy (NYSE:DVN) +3.7% in Wednesday's trading as Bernstein upgrades both stocks to ...
Italy's gas consumption at lowest in more than 15 years in 2024, GME says
Italy's natural gas consumption fell to its lowest level in more than 15 years to 61.7 billion cubic metres (bcm) in 2024, the country's power market manager GME said on Friday.