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Oil, Gas, And Fracking News Read 18July 2021

Here are some selected news articles from the week ended 17 July 2021. Part 2 is available here. This is a feature at Global Economic Intersection every Monday evening or Tuesday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Natural gas rigs at 15 mo high as prices hit 30 mo high; global oil shortage at 830,000 bpd; DUC backlog at 7.6 months Natural gas prices ended the week unchanged as strong export demand offset cooler weather and a bearish storage report..after slipping 0.7% to $3.674 per mmBTU last week as weather forecasts moderated over the major gas consuming regions, the contract price of natural gas for August delivery jumped 7.5 cents, or more than 2%,

New Trading Participants At EEX In April 2021

EEX To Expand Gas Portfolio With Launch Of Financial Gas Futures On European Gas Spot Index (EGSI)

EEX To Expand Gas Portfolio With Launch Of Financial Gas Futures On European Gas Spot Index (EGSI) Date 04/05/2021 The European Energy Exchange (EEX) will expand its gas derivatives portfolio on the 28th June 2021 with the launch of Financial Gas Futures. The new contracts will be listed on the Dutch (TTF), Austrian (CEGH) and German (NCG – to be replaced by THE in October 2021) market areas and settled against the European Gas Spot Index (EGSI), the most credible and transparent gas price index in Europe.   As the No.1 gas spot exchange in Europe, EEX has continued to shape the gas spot market by offering a portfolio of customized products and services to physical players and infrastructure operators. Currently, EEX holds more than 60% of the market share in Europe’s largest gas spot markets (Netherlands, Germany, Austria and France). From this position, EEX has been able to provide its customers and the market with a robust and reliable price index: the EGSI (Europe

Oil, Gas, And Fracking News Read 11April 2021

The natural gas storage report from the EIA for the week ending April 2nd indicated that the amount of natural gas held in underground storage in the US rose by 20 billion cubic feet to 1,784 billion cubic feet by the end of the week, which left our gas supplies 235 billion cubic feet, or 11.6% below the 2,019 billion cubic feet that were in storage on April 2nd of last year, and 36 billion cubic feet, or 1.3% below the five-year average of 1,808 billion cubic feet of natural gas that have been in storage as of the 2nd of April in recent years..the 20 billion cubic feet that were added to US natural gas storage this week was less than the average forecast of a 27 billion cubic foot addition from an S&P Global Platts survey of analysts, and was also less than the 30 billion cubic feet added to natural gas storage during the corresponding week of a year earlier, but was well more than the average addition of 8 billion cubic feet of natural gas that have typically been injected into nat

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