Net withdrawals from storage totaled 167 Bcf for the week ending December...
Net withdrawals from storage totaled 167 Bcf for the week ending December 12, compared with the five-year (2020–24) average net withdrawals of 96 Bcf and last year's net withdrawals of 134 Bcf during the same week. Working natural gas stocks totaled 3,579 Bcf, which is 32 Bcf (1%) above the five-year average and 61 Bcf (2%) below last year at this time. Current inventories in the East and Midwest natural gas storage regions are about 5% under the five-year average.
Henry Hub spot price: The Henry Hub spot price fell about 20% during the past week, or down 94 cents from $4.61 per million British thermal units (MMBtu) last Wednesday to $3.67/MMBtu this Wednesday.
Henry Hub futures price: The price of the January 2026 NYMEX contract decreased 57 cents, from $4.595/MMBtu last Wednesday to $4.024/MMBtu this Wednesday. The price of the 12-month strip averaging January 2026 through December 2026 futures contracts declined 31 cents to $3.764/MMBtu. Natural gas futures prices have been volatile in December.
This Friday morning, at 9:00 AM ET, natural gas futures prices were at $3.915/MMBtu.
Phillips 66 and Kinder Morgan's proposed Western Gateway pipeline, which...
Phillips 66 and Kinder Morgan's proposed Western Gateway pipeline, which would move gasoline and other refined fuels from the Midwest to California, is attracting strong interest from potential shippers as its open season approaches a Friday deadline. Phillips 66 CEO Mark Lashier said the project has also won backing from federal officials and local stakeholders, including tribes along the route. The line would run from Illinois to California, largely following existing Kinder Morgan pipelines, with a new segment planned in New Mexico.
Shell proceeds with project to enhance Kaikias recovery
Shell has reached a positive financial investment decision on a waterflood...
Shell has reached a positive financial investment decision on a waterflood project meant to boost recovery at its Kaikias field in the US Gulf of America and extend the operational life of the Ursa platform. The company plans to start water injection in 2028 and expects the project to add roughly 60 million barrels of oil equivalent to recoverable resource volumes.
Colo. town pivots to geothermal as coal plant closes
Hayden, Colo., is transitioning from coal to geothermal energy to mitigate...
Hayden, Colo., is transitioning from coal to geothermal energy to mitigate the economic impact of the impending closure of the Hayden Station coal plant by 2028. The town is developing a 58-acre business park powered by a geothermal heating and cooling system from Bedrock Energy, aiming to attract new employers and create jobs. The geothermal project is expected to provide 2 MW of thermal energy, reducing energy costs by about 40%.
Suspected Brown University shooter found dead, authorities say. Following...
Suspected Brown University shooter found dead, authorities say. Following a manhunt that began after a masked gunman killed two students and wounded others in a university lecture hall on Saturday, police said yesterday they had found the body of the suspected shooter in a New Hampshire storage facility. He was also the suspect in the murder of an MIT professor in his home on Monday. Providence’s chief of police identified the suspect as Claudio Neves Valente, a 48-year-old former Brown student, and said he had died by suicide.
The Trump administration proposed new rules that would financially punish hospitals that offer gender-affirming care to minors.
The US approved the sale of more than $10 billion worth of weapons to Taiwan, and China is not happy about it.
Nike’s revenue bested Wall Street’s expectations, but the sneaker-maker’s stock still fell in after-hours trading as its earnings report revealed slumping sales in China and a hit from tariffs.
American Airlines has stopped letting passengers earn miles for flying basic economy.
