NGN13.NYM -

NY Mercantile . Currency in USD
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  • Natural Gas Price Prediction – Prices Consolidate Following a Breakout
    FX Empire11 hours ago

    Natural Gas Price Prediction – Prices Consolidate Following a Breakout

    Natural gas prices moved sideways after breaking out on Thursday as inventories remained in line with expectations but a cold weather forecast boosted future expected demand. Demand has already been climbing according to the EIA, as power consumption moved higher in the latest week. With NOAA forecasting colder than normal weather over the next week, heating demand will begin to tick up just when inventories are well below the 5-year average range. With the 5-year average prices at 3.12, prices are below their historical value. ...

  • Expect Downward Pressure on Tellurian as Trade Wars Unfold
    TheStreet.com13 hours ago

    Expect Downward Pressure on Tellurian as Trade Wars Unfold

    On the back of Bruce Kamish's bearish technical note late August, we think that TELL could trade down on geopolitical risk and the absence of near-term catalysts. While Tellurian's business plan has a diversified three-prong approach (upstream, midstream and liquefaction) and a world-class management team lead by its founders, LNG veteran Charif Souiki and Martin Houston, we think that this ambitious strategy is still in its early innings and today is more of a "show me" story.

  • Oilprice.com14 hours ago

    Oil Prices Rise As Rig Count Sees Minor Dip

    Oil prices rose on Friday afternoon, after Baker Huges reported a minor dip in the U.S. rig count and a significant decline in active Canadian rigs

  • Technical Overview of AUD/USD, EUR/AUD & AUD/CHF: 21.09.2018
    FX Empire14 hours ago

    Technical Overview of AUD/USD, EUR/AUD & AUD/CHF: 21.09.2018

    Even after clearing six-week old descending trend-line, the AUDUSD presently struggles with an intermediate resistance-line, at 0.7300, in order to justify its strength. If the pair reverses from said barrier, the 0.7260, the 0.7245 and the 0.7230 are likely following supports to gain market attention. However, an upward slanting TL, at 0.7210 now, could confine the pair’s downside past-0.7230, if not then the 0.7160, the 0.7130 and the 0.7080 become important to watch. Alternatively, an upside break of 0.7300 can propel prices to 0.7330 and to the 0.7370 prior to highlighting 0. ...

  • Reuters16 hours ago

    Analysis: Soaring British winter gas prices point to energy price cap increase

    The upward trajectory of already unseasonably high British wholesale gas prices is showing no sign of slowing, putting pressure on the energy regulator Ofgem to raise its price cap next year. A cap on default electricity and gas bills - a flagship policy of British Prime Minister Theresa May to end what she called "rip-off" prices - will be in place by the end of this year and can be adjusted according to changing costs such as wholesale energy prices. Ofgem has said it wants to cap default energy bills at 1,136 pounds a year ($1,484), a level below the most-used tariffs set by the country's big six suppliers, which include Centrica, whose British Gas is the largest household energy supplier in the country, SSE and EDF.

  • Reuters17 hours ago

    LNG shipping rates spike with no respite seen through 2019

    LONDON/SINGAPORE, Sept 21 (Reuters) - The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply. Rates, which broadly hovered around $30,000 to $40,000 a day from 2015 to 2017, have risen due to longer distances covered to transport LNG from new terminals in the United States and Arctic Russia, surging demand in China and a limited number of ships. Shipping firms see little sign of them slipping soon, predicting high rates for 2019 or longer, during their earnings calls this month.

  • Reuters22 hours ago

    Reliance shuts offshore oil-producing field in Krishna-Godavari basin

    India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline in output for months. The closure marks the beginning of the end of the company's first foray into oil and gas exploration and production that started in September 2008 when the field produced first oil. "Production from the field had been under natural decline and facing continuous challenges due to high water production and sand ingress... and had no remaining reserves," the company statement said.

  • DAX Index Price Forecast – DAX to Open Positive Supported by Upbeat EURO & High Risk Appetite in Equity Markets
    FX Empireyesterday

    DAX Index Price Forecast – DAX to Open Positive Supported by Upbeat EURO & High Risk Appetite in Equity Markets

    DAX is expected to remain positive today supported by bullish EURO and positive cues from international markets.

  • GBP/USD Daily Price Forecast – GBP/USD Consolidates Above 1.32 Handle as Risk Appetite Held Steady Across the Week
    FX Empireyesterday

    GBP/USD Daily Price Forecast – GBP/USD Consolidates Above 1.32 Handle as Risk Appetite Held Steady Across the Week

    Limited data for Friday will see continued focus given to Brexit talks, which see cold water beginning to splash on hopes for a peaceable workaround.

  • Crude Oil Price Forecast – crude oil markets pull back from extreme highs
    FX Empireyesterday

    Crude Oil Price Forecast – crude oil markets pull back from extreme highs

    The crude oil markets rallied significantly during the trading session early on Thursday but found enough resistance there to roll over again.

  • Natural Gas Price Forecast- natural gas markets testing support
    FX Empireyesterday

    Natural Gas Price Forecast- natural gas markets testing support

    Natural gas markets were volatile during the day on Thursday, as we were awaiting inventory figures. They did come out a little higher than expected, and therefore we broke down below the vital support level initially, but it seems as if the market is still respecting the level.

  • GBP/JPY Price Forecast – British pound continues to climb.
    FX Empireyesterday

    GBP/JPY Price Forecast – British pound continues to climb.

    The British pound continue to see bullish pressure on Thursday as we have now broken a significant downtrend line. Because of this, I think that the market is ready to continue going even higher, and I think the next target is a large, round, psychologically significant number just above.

  • Reutersyesterday

    COLUMN-Natural gas says it's no longer a transition fuel. It may be wrong: Russell

    Natural gas is no longer merely a transition fuel between the past of dirty coal and crude oil and the future of renewables, according to an increasingly confident cross-section of the industry. While the industry has plenty to be buoyant about, including rapid and sustained Chinese demand for liquefied natural gas (LNG) and the shale gas revolution in the United States, it is running the risk of getting ahead of itself, while ignoring the threats it faces. The idea of natural gas as a transition fuel was largely cemented by the International Energy Agency in 2011, when it published a report on what it termed the "golden age of gas," which would see demand for the fuel jump by 50 percent to become 25 percent of global energy consumption by 2035.

  • Oilprice.comyesterday

    Investors Back Brent To Break $80

    After a few weeks of trending upwards, Brent crude is now looking likely to break the $80 mark as investors and traders grow increasingly bullish

  • Oilprice.comyesterday

    Canada Boosts Oil Exports To The U.S.

    Though Canada’s oil industry is still facing bearish pressure, the country is boosting oil exports to the U.S., prompting a move to increase the safety of their crude-by-rail infrastructure

  • Natural Gas Price Prediction – Prices Surge as Weather Forecast Turns Colder
    FX Empireyesterday

    Natural Gas Price Prediction – Prices Surge as Weather Forecast Turns Colder

    Natural gas prices surged higher and are breaking out, as colder than expected weather is expected to cover most of the United States over the next 8-14 days. Traders reacted positively to the in line build in natural gas inventories reported on Thursday by the Energy Information Administration. There is very little activity in the Atlantic or the Caribbean with one disturbance in the South Atlantic which the National Oceanic Atmospheric Administration believe only has a 20% chance of becoming a cyclone.

  • Reuters2 days ago

    Exclusive: Shell wins LNG deal to supply Chinese firm's power plant in Panama

    Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company's 441 megawatt power plant under construction in Colon, Panama, advisors on the deal said. The $900 million power project, being built by Sinolam LNG affiliate Sinolam Smarter Energy LNG Power Co, expects to begin taking deliveries of the super-cooled natural gas in 2020, the advisors told Reuters late Wednesday. The deal with a Shell trading unit comes as a trade dispute between the United States and China has put global LNG exports in the spotlight.

  • Reuters2 days ago

    Texas Waha natgas prices dive 60 pct to record low on pipeline constraints

    Next-day natural gas prices for Thursday at the Waha hub in the Permian basin tumbled 60 percent to their lowest on record due to pipeline constraints limiting the amount of gas that can move out of the region. The Permian is the biggest U.S. oil producing shale basin and since much of that oil comes out of the ground with associated gas, it is also the nation's second biggest shale gas producing region, behind the Appalachian. As the number of rigs seeking oil in the Permian rose this year to the highest since 2015, the amount of oil and associated gas produced has increased to record highs, constraining the region's existing gas and oil pipes.

  • Oil Prices Touch 2-Month High: 5 Best Picks
    Zacks2 days ago

    Oil Prices Touch 2-Month High: 5 Best Picks

    Under circumstances where oil prices are likely to remain high, investing in stocks of oil companies seems prudent

  • Reuters2 days ago

    Bangladesh puts aside Gunvor, Vitol LNG projects as others ramp up

    DHAKA/LONDON, Sept 20 (Reuters) - Bangladesh has put aside two smaller liquefied natural gas (LNG) projects with trading houses Gunvor and Vitol to focus on two larger LNG import terminals, one of which is already in use while the second will start up in March. Bangladesh has turned to LNG to offset falling domestic gas output to feed industrial demand and electricity generation in a nation of 160 million people where a third have no power supply. This attracted commodity merchants Vitol, Gunvor and Trafigura in their bid to muscle in on the global LNG business.

  • Reuters2 days ago

    Japan's Inpex sells 1st condensate cargo from Ichthys project in Australia - sources

    Inpex Corp, Japan's top explorer, has sold its first condensate export cargo from the Ichthys project in Australia, trade sources said. Inpex sold 350,000 barrels of Ichthys condensate to load over Sept. 28 to Oct. 8 in a tender to Exxon Mobil Corp, the traders said. Exxon owns and operates Jurong Aromatics Corp's condensate splitter.

  • Oil Prices Rise as U.S. Crude Stocks Hit 3.5-year Low
    Investing.com2 days ago

    Oil Prices Rise as U.S. Crude Stocks Hit 3.5-year Low

    Investing.com - Oil prices climbed on Thursday morning in Asia as data from the Energy Information Administration (EIA) showed U.S. crude inventories fell to a 3.5-year low in the week of Sept. 14.

  • Reuters2 days ago

    Buoyant gas industry may be blindsided by renewables

    The global gas industry, boosted by a host of new projects to feed booming demand, is in better shape than at any point in the last five years but analysts warn it is getting ahead of itself, pointing to the rise of renewable energy as a threat. Commodity merchant Vitol expects trade in liquefied natural gas (LNG) to double to 600 million tonnes annually (mtpa) in the coming years, reflecting forecasts by Russian LNG producer Novatek which sees 700 mtpa by 2030. "The industry is confident," said Christian Brown, president for the oil and gas sector at Canadian-listed SNC Lavalin , an industrial project management company.

  • Silver Price Forecast – Silver markets grind higher
    FX Empire2 days ago

    Silver Price Forecast – Silver markets grind higher

    Silver markets were volatile during the trading session on Wednesday, as currency markets were all over the place. With silver being so highly sensitive to the US dollar, it’s no surprise that the futures pits were active.

  • FX Empire2 days ago

    Natural Gas Price Forecast – natural gas markets run into brick wall

    The natural gas markets tried to rally early on Wednesday, but as we have seen more than once, the $2.95 level has offered a significant barrier of resistance. Because of this, I think we are due for a pullback.