UNL

U.S. oil rig count climbs by 5 to 505, Baker Hughes says

Energy u.s. Oil rig count climbs by 5 to 505, baker hughes says. Total active drilling rigs in the u.s. Rose by 3 to 625, according to baker hughes. Drilling rigs targeting crude oil in the permian basin gained 3 to 310.

U.S. natural gas inventory net change of +10 bcf for week ended Nov. 24 - EIA

U.s. Natural gas inventory net change of +10 bcf for week ended nov. 24, 2023. Total working gas stocks are within the five-year historical range. Natural gas storage is 341 bcf higher than last year and 303 bcf above the five year average.

Goehring & Rozencwajg Q3 2023 Natural Resource Market Commentary

Energy investments are more related to short covering than sustained investor buying, says goehring and rozencwajg. Energy demand will remain a tailwind for the next two decades, they say. The "magnificent seven" have dominated investment thinking, they argue.

U.S. Natural Gas: Winter Weather, Prices, And Production

Natural gas prices in the u.s. Have been softer in 2023 after a warm winter sent prices tumbling last winter. Winter weather can be a wildcard for natural gas prices. Despite weaker prices, natural gas production growth is expected to continue. New lng export capacity is adding incremental demand, creating growth opportunities for energy infrastructure companies.

U.S. natural gas slips to two-month low with cold temps seen moderating this week

U.s. Natural gas futures fall to two-month low with less cold weather forecast for the next two weeks. December nymex natural gas closed -3.1% to $2.706/mmbtu, its lowest since september 26. Milder conditions are forecast later in the week, reducing heating demand.

Australia LNG disruption from tanker outage could spark higher global prices

Energy australia lng disruption from tanker outage could spark higher global prices. A loaded liquefied natural gas tanker is stuck at an export terminal in australia. The vessel lost power at the facility and is unable to leave, operator conocophillips says. The disruption could push global lng prices higher ahead of the northern hemisphere winter.

Weekly Report: what happened at UNL last week (1120-1124)?

Will We See A Natural Gas Rally This Winter?

Unseasonably warm weather in the us is leading to subpar domestic consumption of natural gas. Bloated inventories and strong us production are weighing down natural gas prices. However, the current el nino may prove weaker and shorter than first thought. Lng export demand remains strong, but warmer-than-usual temperatures are pushing up prices.