US Henry Hub natural gas prices have averaged just $2.43/MMBtu this year, pushing many producers close to, or even below, their breakeven price. Mild weather and weak gas demand this past winter were largely to blame, triggering a selloff that dropped gas prices from historic highs. US gas producers were slow to respond to the selloff, however, and only recently cut rigs, slowed new well starts and dialed back completions. At over 102 Bcf/d, though, US gas production remains near record highs this summer. Will recent capex cuts be enough to balance the market? S&P; Global Commodity Insights' J. Robinson, editorial lead for the Americas natural gas news team, sits down with Reed Olmstead, executive director of research and analysis for upstream, and Jeremy Beaman, editor for the American natural gas team, to discuss the outlook for US output as domestic operators readjust to leaner margins.  We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Narrow margins are back for US gas, but will producers slow output?

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The expansion in the Indian steel manufacturing capacity comes at an opportune moment for the industry as the country has witnessed massive infrastructure projects like construction of national highways over the past few years. Now, with the general elections underway in the country and if the incumbent government comes back to power, the thrust on infrastructure would likely receive continued boost on account of policy continuity.    Even though India has unseated Japan as the second largest producer of steel in the world over the past few years, steel production is quite a capital-intensive business, and a large chunk of production costs is driven by prices of raw materials. In such a scenario, the question arises if the Indian steel sector is comfortably placed in terms of having access to conventional and non-conventional raw materials going ahead.  In this discussion, Anirudh Iyer, steel and raw materials is joined byKeith Tan, associate regional pricing director for Asia metals, Rohan Somwanshi, managing editor for global agriculture and metals news and Paul Barthomolew, lead analyst for metals and mining, to share their views on what lies ahead for the Indian steel sector.

Amid ambitious expansion plans, India's steel production may face headwinds for raw material supply

 The rice markets in Asia have seen new trends emerging with Indonesia importing rice, and India putting restrictions on their rice exports. Ripple effects have been felt in other major growing rice growing countries such as Pakistan and Thailand.  In this Commodities Focus episode, Elizabeth Thang, Managing Editor for Food and Agriculture is joined by three rice experts from S&P; Global Commodity Insights, Tanya Rana and Elvis John, associate editors with the agriculture markets and Mugunthan Kesavan, Engagement lead for food and agriculture to discuss some key questions—how the markets are reacting to Indonesia’s return to the market as an importer, what the industry is anticipating about the rice export ban in India ahead of elections in the country, and more.

Indonesia’s rice import surge, ban on Indian exports: what lies ahead for rice markets?

As a UK general election looms, energy security and the transition to net-zero are high on the agenda. In this episode of the Commodities Focus podcast, our experts sift through the policy options, from windfall taxes to licensing bans, and discuss why they matter, not just for the UK, but for Europe and beyond. Nick Coleman, senior editor for oil news, is joined by Gethin Baker, senior technical research analyst specialising in the North Sea, and Stuart Elliott, news reporter focusing on the UK and European gas markets. Related Price Assessments:   PCAAS00 Dated Brent  GTFTX00 Dutch TTF Eur/MWh Day Ahead

Does the UK need the North Sea for its energy future?

Pressured by sub-$2/MMBtu prices, many US producers have decided to cut spending on gas-directed drilling and completion activity and to scale back production in 2024. But there are signs of price improvement along the futures curve in late 2024 and thereafter, due in part to the arrival of new LNG facilities, giving operators reason for optimism. In this episode, Jeremy Beaman, natural gas news editor, talks with Bryan Mcnamara and Imre Kugler, directors of upstream research about how natural gas producers are approaching a difficult price environment and what their plans are for 2024 and 2025. Register for Global Power Markets    

How are gas operators navigating the difficult gas environment in 2024?

Red sea crisis has forced carriers and shippers alike to adjust strategies. Container freight rates not only reached yearly high after receding throughout 2023 but carriers also seized a profit making opportunity they were looking for after the post pandemic lull. The change in this dynamic has forced shippers to again look for alternatives in the hopes of making their supply chain more agile. S&P; Global Commodity Insights containers editor Tanya Kalra speaks with Chris Rogers, Head of Supply Chain and Research, S&P; Global Market Intelligence, Greg Knowler, Senior Editor, Journal of Commerce and Mohammed Al Ansare, Associate Editor, EMEA Containers, S&P; Global Commodity Insights about the changing dynamics in the containers market and how carriers and shippers are navigating through them. 

Narrow margins are back for US gas, but will producers slow output?

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