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Natural GasRockies Price and Fundamentals
Dive into price analysis for prompt and seasonal tenors, Rockies production trends, and shifts in adjacent regional supply/demand affecting basis pricing. Stay informed with pipeline expansion outlooks through 2026 in our continuously updated Rockies report.
· Ryan Alexander13 min read
Natural GasMidcontinent Price and Fundamentals
Stay updated with the latest NGPL Midcont Basis price moves, forward price risk outlooks for upcoming seasons, and in-depth analysis of fundamentals and supply-demand trends in the Midcontinent. Get continuous updates and actionable insights with our regularly updated report.
· Ryan Alexander11 min read
Natural GasAppalachian Basin Gas Price and Fundamentals
Stay updated with the latest TETCO M2 and Eastern Gas South (FKA Dominion South) price moves, pipeline project updates, interactive forward curves, and changes to fundamentals and pipeline flows in the Appalachian Basin. Get continuous updates and actionable insights.
· Casey Bassett21 min read
Crude OilHalliburton Sees a Tight North America Frac Market as Prices Start to Rise
Halliburton reported third quarter 2026 revenue of $5.7 billion, flat from the second quarter. North America revenue fell 5% sequentially and 9% year…
· Thomas Liardon6 min read
Natural GasPersistent Heat Flips from Supportive to Bearish for Natural Gas Demand
Temperatures in the Lower-48 (L48) were supportive of natural gas demand throughout the first three weeks of October. Elevated power demand spurred on by…
· Thomas Liardon2 min read
Natural GasHaynesville Gas Price and Fundamentals
Discover the latest Columbia Gulf Mainline basis shifts, upcoming pipeline expansions like LEG and NG3, and the impact of rising LNG demand near Gillis on basis through 2026. Get continuous updates and actionable insights with our regularly updated Haynesville report.
· Christian Drolshagen12 min read
Market StrategyBusiness Activity Picks-Up in Q3 Despite Rising Uncertainty
Activity in the oil and gas sector across Texas, southern New Mexico, and northern Louisiana picked up in the third quarter of 2026 according to oil and…
· Thomas Liardon2 min read
Crude OilEIA Raises Crude Price Forecasts Despite Recovering Middle East Flows
The EIA raised its crude price forecasts in its October Short-Term Energy Outlook as recovering Middle East exports failed to eliminate supply constraints,...
· Narciso Cano2 min read
LNGUS LNG Acts as Key Swing Supply in Global LNG Shortage
The outlook for the global LNG market has shifted this year. While LNG facilities have been running at maximum capacity in the US since 2020, pre-Iran war ...
· Thomas Liardon3 min read
NGLsNGLs Price and Fundamentals
Natural gas liquids (NGLs) are distinct markets, but their prices inherit volatility from, and are influenced by, natural gas, crude oil, and petrochemical markets.
· Narciso Cano27 min read
Refined ProductsWhat a Diesel Export Ban Could Mean for Diesel & Crude Prices
A U.S. diesel export ban could provide some relief to domestic fuel prices, but its effects could extend beyond diesel. Whether that relief lasts, and how ...
· Narciso Cano3 min read
Natural GasNatural Gas Prices Held Steady by Tightening Storage Surplus
NYMEX Henry Hub prices have seen a steady decline since the beginning of March, but the downward trend has slowed over the last month and a half.
· Thomas Liardon2 min read
LNGLNG Fundamentals and Project Tracker
LNG feedgas demand averaged about 19 Bcf/d during Summer 2026. This was slightly below expectations, as Golden Pass LNG continued to ramp up at a slower…
· Christian Drolshagen5 min read
Crude OilEIA Extends Middle East Disruptions Through 2Q27, Raises Oil Price Outlook
The EIA now assumes most Middle Eastern production and trade flows return to pre-conflict levels during 2Q27, narrowing the 3Q26 deficit but deepening the 4Q26 draw — and lifting its WTI forecasts across the board.
· Thomas Liardon2 min read
Natural GasGas Power Demand Underperforms
Despite robust Lower-48 electricity demand from load growth and average to hotter-than-average temperatures, power sector consumption of natural gas has be...
· Christian Drolshagen2 min read
Crude OilEIA Pushes Middle East Recovery to 2027, Lifts WTI Outlook Above $80
The EIA’s latest outlook points to a more prolonged disruption to Middle East oil markets, with the agency now pushing its expected return to pre-con...
· Thomas Liardon2 min read
Natural GasExpand Energy Sees Short-Term Gas Glut Giving Way to Long-Term Demand Growth
Expand Energy, the most prominent gas producer in the Haynesville Basin, as well as the second largest by volume in the Appalachian basin, reported ea...
· Thomas Liardon3 min read
Market StrategyHow Does the EIA Arrive at a 5 MMBbl/d Oil Surplus in 2027?
When we point clients to the EIA’s latest forecast for a global oil surplus of roughly 5 MMBbl/d in 2027, the response is often disbelief or skeptici...
· Narciso Cano2 min read
Natural GasEQT Forecasts Robust Natural Gas Demand Growth
EQT, the largest Appalachian producer, released its latest earnings report, providing valuable insight into the Appalachian basin and infrastructure develo...
· Thomas Liardon2 min read
- Renewables
LCFS & RIN Pricing Report Through July 10th, 2026
LCFS & RIN Pricing Report Through July 10th, 2026
· Marcus Seignon1 min read
Crude OilEIA Raises Global Balance Expectations as MOU Takes Effect
In their latest Short-Term Energy Outlook (STEO), the EIA revised its expectations for global oil balances as the US and Iran signed a Memorandum of Unders...
· Thomas Liardon2 min read
Crude OilHow the US-Iran MoU Repriced Crude Markets
The US-Iran memorandum of understanding (MoU) marked the end of crude's war-driven rally, sending prices tumbling from their peak above $110/Bbl as traffic...
· Narciso Cano2 min read
Market StrategyEIA Revises Global Balances Lower as Middle East Disruptions Continue
In their latest Short-Term Energy Outlook (STEO), the EIA revised its global oil balance outlook as the US and Iran continue to fall short of an agreement ...
· Thomas Liardon2 min read
- Renewables
LCFS & RIN Pricing Report Through May 29th, 2026
LCFS & RIN Pricing Report Through May 29th, 2026
· Marcus Seignon1 min read
Crude OilEIA Outlook Points to Oversupplied Oil Market by 2027
The latest projections from the EIA are pointing toward large global oil surpluses in 2027. Despite the ongoing supply crisis, analysts are projecting that...
· Narciso Cano2 min read
- Renewables
LCFS & RIN Pricing Report Through May 22nd, 2026
LCFS & RIN Pricing Report Through May 22nd, 2026
· Marcus Seignon1 min read
NGLsPropane Lifted by Crude Surge While Fundamentals Remain Weak
Since the start of the US-Iran conflict, propane prices have benefited from the sharp rally in crude oil. Prior to the conflict, domestic propane fundament...
· Narciso Cano2 min read
- Renewables
LCFS & RIN Pricing Report Through May 15th, 2026
LCFS & RIN Pricing Report Through May 15th, 2026
· Marcus Seignon1 min read
Crude OilEIA Revises Global Oil Balances Lower as Hormuz Disruptions Deepen
In their latest Short-Term Energy Outlook, the EIA has revised its global balances outlook as the prolonged closure of the Strait of Hormuz ...
· Thomas Liardon2 min read
- Renewables
LCFS & RIN Pricing Report Through May 8th, 2026
LCFS & RIN Pricing Report Through May 8th, 2026
· Marcus Seignon1 min read
- Renewables
LCFS & RIN Pricing Report Through May 1st, 2026
LCFS & RIN Pricing Report Through May 1st, 2026
· Marcus Seignon1 min read
Natural GasElectricity Demand Is Growing, But Gas May Not Benefit Yet
Electricity demand continues to grow in the US, driven by data centers and the buildout of AI infrastructure. However, natural gas may not benefit until la...
· Christian Drolshagen2 min read
- Renewables
LCFS & RIN Pricing Report Through April 24th, 2026
LCFS & RIN Pricing Report Through April 24th, 2026
· Marcus Seignon1 min read
- Market Strategy
Hedging structure recommendations Nov 5, 2021
Hedging structure recommendations Nov 5, 2021
· Matt Marshall2 min read
Market StrategyWeek Ending April 17
Risk Premium Unwinds as Hormuz Reopens but Uncertainty Still Looms Crude prices moved sharply lower this week after Iran signaled a reopening of the Strai...
· Narciso Cano3 min read
Crude OilGlobal Oil Balances Tighten as Agencies Diverge on Demand Outlook
April releases from the EIA, OPEC, and the IEA point to a market undergoing a rapid shift. The market has moved from expectations of oversupply at the star...
· Narciso Cano2 min read
Crude OilWhy The WTI Price You See On TV Isn't The Price You Hedge
In the world of energy trading, not all pricing tools are created equal. Two commonly used benchmarks, WTI Futures Contracts and WTI Calendar Month Average (CMA) Contracts, serve different purposes and appeal to different types of traders and hedgers.
· Ryan Alexander3 min read
- Renewables
LCFS & RIN Pricing Report Through April 10th, 2026
LCFS & RIN Pricing Report Through April 10th, 2026
· Marcus Seignon1 min read
Crude OilWar Extends Through April, Driving Further Shifts in April STEO Crude Outlook
The latest Short-Term Energy Outlook (STEO) highlights a crude market that has rapidly shifted from surplus to disruption-driven tightness following the ef...
· Narciso Cano2 min read
- Renewables
LCFS & RIN Pricing Report Through April 2nd, 2026
LCFS & RIN Pricing Report Through April 2nd, 2026
· Marcus Seignon1 min read
- Renewables
LCFS & RIN Pricing Report Through March 27th, 2026
LCFS & RIN Pricing Report Through March 27th, 2026
· Marcus Seignon1 min read
Market StrategyActivity Rebounds but Uncertainty Keeps Producers on the Sidelines
Oil and gas activity across Texas, northern Louisiana, and southern New Mexico moved back into expansion territory in the first quarter for 2026. The Dalla...
· Narciso Cano2 min read
Crude OilWar in the Gulf Forces Major Revisions in March STEO Crude Outlook
The EIA's March Short-Term Energy Outlook (STEO) includes one of the largest month-to-month revisions to crude market expectations in recent years, driven ...
· Narciso Cano2 min read
Natural GasTransco Expansion to Unlock New Appalachian Production
Transco’s 1.6 Bcf/d Southeast Supply Enhancement Project Status Update Transcontinental Gas Pipeline’s 1.6 Bcf/d Southeast Supply E...
· Thomas Liardon2 min read
- Renewables
LCFS & RIN Pricing Report Through March 13th, 2026
LCFS & RIN Pricing Report Through March 13th, 2026
· Marcus Seignon1 min read
Crude OilChina's Inventory Builds Could Help Moderate Oil Market Tightness
China’s Inventory Builds Could Help Moderate Oil Market Tightness With conflict in the Middle East threatening regional energy flows, Chinese author...
· Narciso Cano2 min read
Crude OilProducer Hedging Surges as Oil Rallies Following Middle East War
The start of March has seen a surge in trading activity as oil producers moved aggressively to hedge production following a sharp rally in crude prices. Th...
· Narciso Cano3 min read
Crude OilRising Call-Skew Signals Acute Oil Risk and a Rare Hedging Opportunity
This rarely happens: oil producers are currently being paid a larger premium to use costless collars. When we compare similarly out-of-the-money put option...
· Narciso Cano2 min read
LNGGolden Pass LNG Starts Up
After several years of delays, ExxonMobil’s Golden Pass LNG export facility has finally begun receiving material volumes of feedgas. Golden Pass will...
· Christian Drolshagen2 min read
- Renewables
LCFS & RIN Pricing Report Through February 20th, 2026
LCFS & RIN Pricing Report Through February 20th, 2026
· Marcus Seignon1 min read
Natural GasRegional Basis Differentials Will Not Always Participate When Henry Hub Rallies
Regional gas markets are unpredictable and disrupted when Henry Hub prices are high, cold weather arrives, and demand exceeds supply – if January 202...
· AEGIS Market Analytics5 min read
- Renewables
LCFS & RIN Pricing Report Through February 13th, 2026
LCFS & RIN Pricing Report Through February 13th, 2026
· Marcus Seignon1 min read
- Renewables
LCFS & RIN Pricing Report Through February 6th, 2026
LCFS & RIN Pricing Report Through February 6th, 2026
· Marcus Seignon1 min read
Natural GasWinter storm impacts fade but leaves a more bullish outlook
Last week’s winter storm Fern sent natural gas demand higher, supply lower, and resulted in the highest monthly Henry Hub contract settlement since 2...
· Christian Drolshagen3 min read
Crude OilIran Escalation Lifts Crude Despite Bearish Fundamentals
Rising tensions between the United States and Iran have become the dominant driver of crude markets, pushing WTI prices above $66/Bbl and lifting oil to th...
· Narciso Cano2 min read
Natural GasProducers Rush to Hedge as Natural Gas Prices Explode Higher
After the Henry Hub natural gas price for February doubled, oil-and-gas producers aggressively locked in hedges. Cold weather caused the largest one-week rally since at least 1990. Oil and gas producers leaned into the historic rally in Nymex Henry Hub prices driven by Winter Storm Fern.
· Jay Stevens2 min read
- Renewables
LCFS & RIN Pricing Report Through January 23rd, 2026
LCFS & RIN Pricing Report Through January 23rd, 2026
· Marcus Seignon1 min read
NGLsHedging NGLs Is Often Overlooked by Oil and Natural Gas Producers, But Should It Be?
Producers that do not hedge NGLs are overlooking a material source of risk to revenue, especially in oil and rich-gas plays where NGL contributions can be significant. In oil-focused plays, AEGIS data show NGLs can generate up to three times more revenue than natural gas.
· Ryan Alexander7 min read
Crude OilKazakhstan's Supply Disruptions Highlight Crude's Short-Term Sensitivity
Oil prices continue to trade in a market defined by structural oversupply, yet recent events in Kazakhstan underscore how temporary supply disruptions can ...
· Narciso Cano2 min read
Natural GasFebruary Natural Gas Surges Nearly $2 Ahead of Winter Storm
The February Henry Hub contract has risen $1.90 in the last three days, with the contract rising from $3.10/MMbtu on Friday to more than $5.00/MMbtu as o...
· Christian Drolshagen2 min read
- Renewables
LCFS & RIN Pricing Report Through January 16th, 2026
LCFS & RIN Pricing Report Through January 16th, 2026
· Marcus Seignon1 min read
- Renewables
LCFS & RIN Pricing Report Through January 9th, 2026
LCFS & RIN Pricing Report Through January 9th, 2026
· Marcus Seignon1 min read
- Renewables
LCFS & RIN Pricing Report Through January 2nd, 2026
LCFS & RIN Pricing Report Through January 2nd, 2026
· Marcus Seignon1 min read
Market StrategyLingering Pessimism and Capital Discipline Weigh on Oil and Gas Activity
Oil and gas operators across Texas, northern Louisiana, and southern New Mexico ended 2025 on a cautious footing as activity remained in contraction and co...
· Narciso Cano3 min read
Crude OilOil Prices Reflect Fundamentals More Than Geopolitical Headlines in 2025
Geopolitical risk is often associated with upward pressure on oil prices, with conflicts, sanctions, and supply disruptions contributing to risk premiums i...
· Narciso Cano2 min read
Natural GasVolatile Henry Hub Price Action Provided Opportunistic Hedging for Producers
Natural gas prices experienced a sharp increase followed by a rapid decline within the initial eleven days of December. Cold weather forecasts for Decembe...
· Jay Stevens2 min read
NGLsPropane Prices Firm on Colder Weather, Despite a Loose Market
Propane prices strengthened in early December even though the underlying market remains well supplied. After trading in the lower $0.60/gal range through m...
· Narciso Cano2 min read
Crude OilEIA Projects Looser Oil Balances in 2026 Amid Persistent Non-OPEC Growth
The latest Short-Term Energy Outlook (STEO) from the EIA presents a materially looser global oil landscape heading into 2026, driven by persistent non-OPEC...
· Narciso Cano2 min read
Crude OilWhat a Ukraine-Russia Peace Deal Could Mean for the Global Crude Market
A potential peace deal between Ukraine and Russia would arrive as the oil market moves into surplus. De-escalation could unwind remaining risk premiums at ...
· Narciso Cano3 min read
Natural GasNext Winter's Waha Basis Gas Prices Starting to Slip?
The “bullish” part of the Waha basis curve has been getting weaker. The Winter ’26-’27 strip has come off its near year-to-date hig...
· Jay Stevens2 min read
LNGGolden Pass LNG On Track for Winter Startup
After numerous delays over the past several years, the Golden Pass LNG export plant developed by ExxonMobil and Qatar Energy finally looks to be on track a...
· Christian Drolshagen2 min read
Crude OilEIA Raises Price Forecasts Despite Growing Supply Surplus
The US Energy Information Administration’s (EIA) November 2025 Short-Term Energy Outlook (STEO) the agency raised its crude oil price forecasts for 2...
· Narciso Cano3 min read
Natural GasNatural Gas Option Skew Signals Bullish Bias
The natural gas options market is continuing to provide asymmetrical upside for natural gas producers for the next four seasons. Producers with additional ...
· Ryan Alexander2 min read
Natural GasNatural Gas Supply-Demand Balance Looks Tighter in Summer 2026
After what was a relatively bearish summer for natural gas in 2025, the supply-demand balance could tighten significantly in Summer 2026. Assuming ten-year...
· Christian Drolshagen2 min read
Natural GasEQT Positions for the Next Gas Cycle with Operational Discipline and Global Ambition
The latest EQT earnings call showed the company moving away from managing prices through paper positions and toward influencing them through physical contr...
· Narciso Cano3 min read
Crude OilOPEC+ Falls Short on Promised Barrels but Oversupply Looms Regardless
OPEC+ began unwinding its voluntary production cuts in April 2025, completing the first 2.46 MMBbl/d tranche of restored output by September, a full year a...
· Narciso Cano2 min read
NGLsPropane Fundamentals Have Upside, But Oil Likely to Drag Down Propane Prices
The combination of new LPG export capacity and slower supply growth could tighten propane fundamentals over the next two years. However, the outlook for oi...
· Jay Stevens2 min read
Crude OilEIA Projects Rising Inventories and Softer Oil Prices Into 2026
Global oil inventories are projected to continue rising through 2026, according to the EIA’s October Short-Term Energy Outlook, highlighting a persis...
· Narciso Cano2 min read
Crude OilOPEC+ Keeps Supply Hike Modest as Market Signals Weaken
OPEC+ opted for a smaller-than-expected production increase over the weekend, easing concerns that the group might accelerate its supply recovery into an i...
· Narciso Cano1 min read
Crude OilOPEC+ Eyes Faster Return Schedule for 1.66 MMBbl/d of Halted Production
OPEC+ will meet on October 5 to debate whether to accelerate the return of 1.66 MMBbl/d of voluntary cuts. One proposal under review is to raise output by ...
· Narciso Cano2 min read
Natural GasWaha Prices at Multi-Year Low Foretells Future Risk
Spot and prompt month Waha basis prices sank into negative territory this month, with basis trading to -$4.50/MMbtu and fixed price falling to nearly -$2.0...
· Christian Drolshagen2 min read
Market StrategyUncertainty and Rising Costs Weigh on Oil and Gas Activity
Oil and gas operators across Texas, northern Louisiana, and southern New Mexico endured another difficult quarter as activity slipped further under the wei...
· Narciso Cano2 min read
Natural GasIEA on Decline Rates and the Risk to Oil and Gas Supply
Conversations about the future of oil and gas markets often center on demand, how fast renewables will scale, whether policy will constrain consumption, or...
· Narciso Cano3 min read
LNGCove Point LNG Maintenance Could Weigh on Northeast Spot Prices
The Cove Point LNG export plant located in Maryland is set to enter maintenance within the next few days. This event, occurring yearly each Fall, will resu...
· Christian Drolshagen1 min read
Crude OilEIA Outlook Points to Persistent Oversupply, Soft Prices Ahead
EIA Outlook Points to Persistent Oversupply, Soft Prices Ahead In its latest Short-Term Energy Outlook (STEO), the EIA projects that significant growth in...
· Narciso Cano2 min read
Crude OilOPEC+ Accelerates Production Hike, Setting Stage for Supply Glut
OPEC+ announced it will raise the group’s production quota by 137 MBbl/d for October, marking the start of unwinding 1.66 MMBbl/d of voluntary cuts t...
· Narciso Cano2 min read
LNGMore Than 8 Bcf/d of New LNG Export Capacity Could Reach FID by Year-End
The buildout of LNG export capacity in the US continues at a rapid pace, with capacity expanding significantly over the next five years. There is more than...
· Christian Drolshagen2 min read
Natural GasLarge Natural Gas Storage Builds Weigh on Winter Prices
After ending winter ‘24/’25 well-below the five-year average, Lower-48 natural gas storage levels have climbed very swiftly this summer. This h...
· Christian Drolshagen2 min read
Crude OilMoney Managers Tip WTI Into First-Ever Net Short When CME and ICE Combined
Money managers have cut their crude oil exposure to the lowest levels in more than 15 years, pushing WTI futures into unprecedented territory. The latest C...
· Narciso Cano2 min read
Crude OilOil Oversupply Might be Beyond Fixing
Global oil demand growth would need to vastly outperform historical trends over the next 18 months to absorb projected supply increases from OPEC+ and non-...
· Jay Stevens2 min read
Crude OilEIA Cuts Near-Term Crude Price Outlook
In its latest Short-Term Energy Outlook (STEO), the EIA lowered its near-term oil price forecasts. The chart below underscores the shift in sentiment, with...
· Narciso Cano2 min read
Crude OilOPEC+ Completes 2.2 MMBBl/d Unwind With September Production Quota Hike
OPEC+ announced a 547 MBbl/d production quota increase for the month of September, completing the reversal of the group’s November 2023 supply cuts a...
· Narciso Cano1 min read
Natural GasHaynesville's Largest Producer to Keep 2H 2025 Production Flat
The Haynesville remains in the spotlight because it’s seen as a key source for future U.S. gas supply. More on activity here and here. Yet, its bigge...
· Jay Stevens1 min read
LNGPositive Signs for Golden Pass LNG Startup
The Golden Pass LNG export plant, developed by ExxonMobil and Qatar Energy, appears to be nearing completion and the startup of LNG production. While the f...
· Christian Drolshagen2 min read
Natural GasEQT's Q2 Call Highlights Strategic Shift Toward Demand-Linked Growth
EQT’s Q2 2025 earnings call showed a company focused less on production growth for its own sake and more on aligning gas volumes with firm, long-term...
· Narciso Cano2 min read
Natural GasKinder Morgan - Key Project Updates
Kinder’s recent 2Q earnings call provided key natural gas project updates. The company is in the process of planning or developing natural gas infras...
· Jay Stevens2 min read
Refined ProductsRecent U.S. Supreme Court Ruling Could Make Completing Energy Infrastructure Easier Again
The court ruled in Seven County Infrastructure Coalition v. Eagle County, Colorado to limit the scope of environmental review obligations under the Natio...
· Ryan Alexander2 min read
Crude OilSaudi Overproduction Casts Uncertainty on OPEC+ Supply Path
Saudi Overproduction Casts Uncertainty on OPEC+ Supply Path In their latest July monthly oil market report (MOMR), OPEC reported that Saudi Arabia produce...
· Narciso Cano2 min read
Natural GasHaynesville Gas Activity Rebounds as Gas Prices Rise - but Supply Questions Persist
Year-to-date (Jan 1–July 18), Henry Hub has averaged $3.66/MMBtu—up $1.25 versus the same period last year. Producers have been locking-in a...
· Jay Stevens3 min read
Refined ProductsSoft Demand and Rising Supply Widen Global Oil Market Imbalances
The International Energy Agency’s (IEA) July 2025 Oil Market Report (OMR) presents a deteriorating picture for the global oil balance. World oil dema...
· Narciso Cano2 min read
Natural GasFalling Henry Hub Prices Lead to Basis Improvements
Prompt Henry Hub prices have fallen more than 60c from June highs; meanwhile, several basis locations have improved. There is often an inverse relationship...
· Christian Drolshagen2 min read
Natural GasMild Spring Robs Gas Bulls of Demand
Following cooler-than-normal temperatures in January and February, Lower 48 weather has been net-bearish for natural gas operators and traders holding bull...
· Jay Stevens1 min read
LNGHurricanes Are an Increasing Risk for Natural Gas Price
Any major disruption in the Gulf is more likely to negatively impact demand rather than supply The September 2020 outage at Cameron LNG due to Hurricane...
· Ryan Alexander2 min read
Crude OilEIA Lifts Near-Term Crude Price Forecasts
In their latest EIA Short-Term Energy Outlook (STEO), the agency raised its near-term oil price forecasts. The WTI price is now forecast to average $65.22/...
· Narciso Cano2 min read
Crude OilOPEC+ Surprises with Supersized Production Quota Hike for August
At its latest meeting, OPEC+ announced a larger-than-expected production quota hike of 548 MBbl/d for August, surpassing the market’s expectation of ...
· Narciso Cano2 min read
Natural GasSummer Natural Gas Prices Suffer with Ample Supply
Natural gas prices have materially declined since their peak back in February. The August contract shown below is well off 1Q highs of nearly $5.00/MMbtu. ...
· Jay Stevens1 min read
Natural GasSolar Buildout Continues, Weighing on Gas Demand
Lower-48 solar generation continues to break records The buildout of renewable capacity will likely displace some gas power demand, specifically the les...
· Christian Drolshagen2 min read
Natural GasConstruction on Williams' MountainWest Overthrust Pipeline Expansion Continues
The MountainWest Overthrust Pipeline (System Map) has started construction on its 325,000 Dth/d westbound expansion from Wamsutter to Opal (NWP Rockies). O...
· Ryan Alexander1 min read
Natural GasOil and Gas Activity Contracts Amid Lower Price Outlook and Cost Pressures
Oil and gas business activity across Texas, northern Louisiana, and southern New Mexico declined in the second quarter of 2025, as uncertainty rose and…
· Narciso Cano3 min read
Crude OilTracking OPEC+ Supply: Headline vs. Reality
OPEC+ is in the process of bringing back over 2 MM barrels of additional production at a time when global balances forecast a surplus through 2026. However...
· Narciso Cano2 min read
Crude OilOil's Geopolitical Whiplash: Prices Return to Square One
Oil prices experienced a volatile swing following escalating tensions in the Middle East that evolved into direct conflict involving Israel, Iran, and the ...
· Jay Stevens2 min read
LNGLNG Update: Maintenance Weighs on Volumes but Growth Continues
LNG feedgas demand has seen strong year-over-year growth in 2025, although maintenance has reduced volumes so far this summer Exports should reach a new...
· Christian Drolshagen3 min read
Crude OilGlobal Oil Market Loosens as Forecasts Shift: IEA
The International Energy Agency’s (IEA) June 2025 Oil Market Report points to a loosening global oil balance through 2026, as softer demand and resil...
· Narciso Cano2 min read
Crude OilEIA Projects U.S. Oil Production Decline Amid Weak Prices
The U.S. Energy Information Administration is now forecasting a decline in U.S. crude production in 2026, marking a notable shift from last month’s o...
· Narciso Cano4 min read
NGLsEthane Prices Slip After US Export Cargo Denial
Mont Belvieu ethane prices plunged on Wednesday, June 4, after the US government notified Enterprise Product Partners that they would be denied permission to export three ethane cargoes to China.
· Jay Stevens3 min read
NGLsHow to Hedge Oil and Gas When Prices Are Low
Don’t lock in a loss, but hedge to a realistic budget price. Prepare to act when prices strengthen because of short-term headlines. Keep as much ...
· Ryan Alexander3 min read
Natural GasLNG Risks to the Bullish Gas Thesis
The bullish story for natural gas over the next few years is mainly driven by the substantial increase in LNG export demand. However, this view is not with...
· Christian Drolshagen3 min read
Natural GasWaha Spring '26 Prices No Longer Near Zero
Finally some good (well, okayish) news for Waha prices! Waha fixed-price gas for Spring ’26 has risen closer to $1. Future price for April 2026 are...
· Matt Marshall2 min read
Crude OilOPEC+ Output Plan Adds to Surplus Concerns
OPEC+ is rapidly restoring crude supply into a weakening market, raising output by 411 MBbl/d in June following a similar increase in May. While the move is intended to enforce quota discipline and align with President Trump's calls for lower prices, it comes as global demand growth slows. OPEC+
· Narciso Cano3 min read
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