NGF20.NYM - Natural Gas Jan 20

NY Mercantile - NY Mercantile Delayed Price. Currency in USD
2.2790
+0.0360 (+1.60%)
As of 7:57AM EST. Market open.
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Pre. SettlementN/A
Settlement Date2019-12-27
Open2.2480
Bid2.2820
Last Price2.2430
Day's Range2.2440 - 2.2960
Volume20,523
Ask2.2800
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    A documentary that will never let you see plastic the same way again

    It's hard to understand the full lifecycle of a material we touch and use every day. This helps.

  • Reuters

    UPDATE 1-Vitol signs 10-year deal to buy Nigeria's LNG from 2021

    Commodities trader Vitol has signed a 10-year deal with Nigeria Liquefied Natural Gas (NLNG) to buy 500,000 tonnes of LNG per year, ramping up its long-term presence on the market. "The agreement underscores NLNG’s drive...to deliver LNG on a global scale in a low carbon world where gas/LNG will continue to be the preferred complementary energy source alongside renewables," Vitol said in a statement. The deal also helps NLNG remarket volumes from existing production lines at its Bonny Island plant with a number of contracts due to expire.

  • Bloomberg

    World’s First Liquid Hydrogen Ship Debuts in Green Economy Boost

    (Bloomberg) -- The world’s first liquefied hydrogen carrier made its official debut at a shipyard in Japan, a small step toward tapping the carbon-free energy potential of the lightest element.Kawasaki Heavy Industries Ltd. christened the tanker Suiso Frontier during a ceremony at the Kobe Works yard on Wednesday. The ship will be used for technology demonstration to establish an international hydrogen energy supply chain, Kawasaki said in a press release, by shipping the fuel from Australia to Japan. Construction is expected to be complete by late 2020.Hydrogen can be produced using water and electricity, and then stored and shipped and re-used to generate power, allowing countries with little space for wind and solar equipment to still receive carbon-free power. It can also help decarbonize a range of sectors, from long-haul transport to steel-making, from which it’s otherwise difficult to remove emissions.However, it’s also volatile and flammable, while current production techniques are polluting and costly, the International Energy Agency said in a June report that touted the fuel’s potential. Policies and incentives should be put in place now to help reduce costs and scale up the sector, the agency recommended.The ship will have storage capacity of about 1,250 cubic meters, less than 1% of the size of liquefied natural gas carriers. The vacuum-insulated, double-shell tank will be able to hold hydrogen chilled to -253 degrees Celsius (-423 Fahrenheit), which shrinks the volume of the gas to 1/800th of its normal size. The ship will run on diesel.\--With assistance from Stephen Stapczynski.To contact the reporter on this story: Dan Murtaugh in Singapore at dmurtaugh@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Jasmine NgFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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    Gold Price Futures (GC) Technical Analysis – Fed Comments Supporting Potentially Bullish Chart Pattern

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  • Oilprice.com

    Chevron’s $11 Billion Write Down Is A Warning For The Oil Industry

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  • Benzinga

    Reaction In The Diesel Market To IMO 2020 Is Still To Come: Platts

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    Crude Oil Price Update – Pivot at $58.68 Controlling Near-Term Direction

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  • Reuters

    Trafigura's LNG volumes jump by 27% on new trade flows, contracts

    Trafigura Group, the global commodity trader, increased its annual liquefied natural gas (LNG) trading volumes by 27%, driven by trade flows and the start of new contracts, the company said on Wednesday. Volumes rose to 12.6 million metric tonnes equivalent this year, which included the start of shipments under the company's 15-year agreement to lift supply from Cheniere Energy as well as several other mid-term contracts, Trafigura said in its annual report. "With weak demand in Asia redirecting trade flows, the European market absorbed the bulk of our Atlantic cargoes, often in conjunction with our natural gas desk, while we continued to build our position in the Far East with regionally sourced LNG," the company said.

  • NZD/USD Forex Technical Analysis – If .6515 Fails, Look for Selling to Extend into .6497 to .6485
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    NZD/USD Forex Technical Analysis – If .6515 Fails, Look for Selling to Extend into .6497 to .6485

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  • European Equities: No Stats Leaves Geopolitics and the FED in Focus
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    European Equities: No Stats Leaves Geopolitics and the FED in Focus

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  • Natural Gas Price Prediction – Prices Edge Higher but Hedge Fund Remain Short
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    Natural Gas Price Prediction – Prices Edge Higher but Hedge Fund Remain Short

    Natural gas prices edged higher on Tuesday, but and continue to form an additional bear flag pattern. Hedge funds continued to add to short positions in futures and options according to the latest commitment of trader’s report. The Department of Energy is scheduled to release its inventory report on Thursday.

  • Chevron expects $10 billion-$11 billion charge in fourth quarter; plans asset sales
    Reuters

    Chevron expects $10 billion-$11 billion charge in fourth quarter; plans asset sales

    The second-largest U.S. oil company, which plans to hold its 2020 spending program flat at $20 billion, said it may sell shale gas properties and its stake in a Canadian liquefied natural gas project. San Ramon, California-based Chevron and other energy companies have pledged to restrain spending after the collapse in oil prices earlier this decade forced many to borrow to cover the costs of long-term projects. Chevron said it expected writedowns this quarter related to a deepwater Gulf of Mexico project, which needs higher oil prices to churn a profit, and shale gas in Appalachia, which has suffered from low natural gas prices.

  • Two Bullish Factors Pushing Oil Prices Higher
    Oilprice.com

    Two Bullish Factors Pushing Oil Prices Higher

    An apparent improvement in the trade war and the OPEC+ agreement have boosted bullish sentiment in oil markets, with both Brent and WTI up on Tuesday morning

  • Natural Gas Price Forecast – Natural Gas Markets Trying To Recover
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    Natural Gas Price Forecast – Natural Gas Markets Trying To Recover

    Natural gas markets have done very little during the trading session on Tuesday, but after the massive gap on Monday one would have to think that’s a bit of a victory.

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  • Oilprice.com

    Canada's Oil Crisis Isn't As Bad As It Seems

    Alberta’s oil industry has faced crisis after crisis, and while Canada’s oil province continues to face export bottlenecks, its future isn’t looking as bleak as many may think

  • Warm Winter Weather Prompts Lower Natural Gas Price Forecasts
    The Wall Street Journal

    Warm Winter Weather Prompts Lower Natural Gas Price Forecasts

    Natural gas prices fell Monday amid fears that warmer-than-normal winter weather won’t drive enough demand for the heating fuel to counter surging output.

  • USD/CAD – Canadian Dollar Steady After Mixed Construction Data
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    USD/CAD – Canadian Dollar Steady After Mixed Construction Data

    The Canadian dollar is steady on Monday, after weak Canadian job numbers sent the currency lower on Friday. EUR/GBP has dropped to its lowest level since May 2017, as the pound continues to gain ground.

  • Danone is showing multinationals the way to a less destructive form of capitalism
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  • Midstream giants to partner on deepwater terminal for VLCCs in Gulf of Mexico
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  • COT: Speculators Cut Exposure in Pro-Cyclical Commodities
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  • Price of Gold Fundamental Weekly Forecast – Trade News, US Economic Data Will Drive the Price Action; Fed to Hold Policy Steady
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  • Saudi Aramco's shipping arm looks to charter tankers in LNG foray: sources
    Reuters

    Saudi Aramco's shipping arm looks to charter tankers in LNG foray: sources

    Saudi Aramco's shipping arm Bahri has issued an expression of interest (EOI) to charter up to 12 liquefied natural gas (LNG) tankers from 2025, its first foray into the superchilled fuel, industry sources said on Monday. No further details were immediately available and Saudi Aramco declined to comment. According to Bahri's website https://www.bahri.sa/default.aspx, the national shipping carrier of Saudi Arabia has six business units dealing in oil, chemicals, logistics, dry bulk, ship management and data and owns 90 vessels, including 43 very large crude carriers (VLCCs) and 36 chemical/product tankers.

  • Nippon Steel may cut more blast furnaces to reduce costs
    Reuters

    Nippon Steel may cut more blast furnaces to reduce costs

    Japan's top steelmaker Nippon Steel Corp may close more blast furnaces as part of plans to reduce domestic facilities to cut costs, said a senior executive, as falling demand and lower Asian steel prices eat into its annual profit forecast. The world's third-biggest steelmaker has 15 blast furnaces across Japan with two due to be shut by around March 2024. Any further closures would reduce capacity and could undermine its presence in the growing, but highly-competitive Asian markets.