Natural Gas

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Princeton Endowment Backs Out of Oil and Gas Divestment Pledge

By Janet Lorin People walk on the Princeton University campus in Princeton, New Jersey. Photographer: Craig Warga/Bloomberg Princeton University’s endowment is backtracking on its pledge to divest from publicly traded oil and gas companies, four years after it said it would exit such holdings as way to move toward a net-zero portfolio. A trustee-mandated decision …

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IMF, World Bank, Others Warn Middle East War is Straining Energy Supplies

May 29 (Reuters) – The heads of the International Energy Agency, International Monetary Fund, ​World Bank and World Trade Organization warned ‌on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest. The U.S.-Israel ​war on Iran has disrupted trade, rattled ​financial markets and raised concerns over …

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US Drillers Add Oil, Natural Gas Rigs for Sixth Straight Week, Baker Hughes Says

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a sixth straight week, for the first time since May 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by four to 562 …

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Norway Presses EU to Drop Ban on Arctic Drilling of Oil and Gas

By Heidi Taksdal Skjeseth Norway is putting pressure on the European Union to remove a moratorium on new oil and gas drilling in the Arctic where almost two thirds of its petroleum resources lie. Norwegian politicians, civil servants, and environmental and industry lobbyists are increasingly visiting Brussels to influence EU institutions as the bloc gears …

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US Natgas Prices at Waha Remain Negative but Rise to 16-Week High as Pipeline Constraints Ease 

U.S. spot natural gas prices for Thursday at the Waha Hub in West Texas rose to their highest since early February – while remaining in negative territory – as demand for the fuel rises with the coming of summer and pipeline companies start to wrap up spring maintenance. Next-day prices at Waha have remained below …

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Natural Gas Spending to Hit 10-Year High in 2026 as Oil Investment Falls, IEA Says

(Reuters) – Global investment in natural gas projects is set to rise by more than 10% this year to $330 ​billion, its highest level in 10 years, while upstream oil ‌spending declines for a third straight year, the International Energy Agency said in a report. As global energy markets remain disrupted by the Iran war, …

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Open Interest in Natural Gas and Power on ICE Hits Record in May

May 27 (Reuters) – Intercontinental Exchange, one of the world’s biggest operators of trading platforms, reported on Wednesday record liquidity across ​its global natural gas and power markets, including ‌for North American natural gas. The impact of the Iran war, which has led to the effective closure of the Strait of Hormuz, ​has led to …

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Iran Says Draft Deal with US Would Reopen Hormuz Shipping, End Naval Blockade

Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from …

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US Natural Gas Drops in Thin Trading as Options Contracts Expire

By Julian Hast US natural gas futures fell just before options contracts for front-month delivery expired, erasing earlier gains that had been triggered by an increase in domestic gas supplies flowing to liquefied natural gas export terminals on the Gulf Coast. Losses were likely aided by a cool shift in weather forecasts, signaling lower demand …

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WhiteHawk Minerals Eyes $701 Million Valuation in US IPO

(Reuters) – WhiteHawk Minerals ‌is targeting a valuation of up to $701.2 million ​in its U.S. initial ​public offering, as the ⁠natural gas mineral ​and royalty firm looks to ​tap investor appetite for domestic energy assets. The Philadelphia, Pennsylvania-based ​company is seeking ​up to $187 million by offering roughly ‌6.9 ⁠million shares priced between $25 …

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