The UK’s Rough storage facility will have more wells in operation for withdrawals during the winter but no injections will take place, helping to support prices.
Pipeline gas exports from the US to Mexico are under pressure from floods in Louisiana and high demand for air conditioning in the southern states.
The differential is widening between the Henry Hub and AECO Hub spot prices, encouraging Canada to boost gas exports to the United States.
Analysis & Forecasts
Focus on macroeconomic trends, gas demand & production, storage, prices and trade movements
Analysis of how gas prices respond to the price of other fuels, such as coal, renewables and nuclear
Oil market outlook
A brief analysis of the direction of crude oil prices and of oil product crack spreads
The chances that Turkish Stream will be built are low despite the improving relations between Moscow and Ankara. Nevertheless, Russia will remain Turkey’s most reliable gas supplier.
The UK has a new government and a new energy department. These changes and other post-referendum developments are already affecting the gas market.
The recent price convergence between European gas and Asian LNG – and whether there is more to come – is discussed in this contributed feature by Mitun Patel from QED Consulting.
Italy’s dependence on gas imports is set to grow. As potential new LNG import projects face delays, opportunities for more diverse and competitive supply could be missed.
Following the result of the UK’s referendum on its membership of the EU, considerable uncertainty looks likely to persist in the short term.30 June 2016 9:05 GMT
Low prices are starting to hit global oil and gas production and are stoking demand. Prices will eventually bounce, but only when the overhang of stocks is absorbed.
A decline in US oil and gas production will tighten the market this winter, but the trend could reverse towards the end of next year as rig counts are improving.
Statoil’s purchase of a majority stake in the BM-S-8 block offshore Brazil is a pivotal moment for IOCs’ ambitions to acquire a piece of the country’s pre-salt acreage.