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Energy

US natgas futures edge up to one-week high on record LNG exports
Energy

US natgas futures edge up to one-week high on record LNG exports

  • That small price increase came despite a continued rise in output, forecasts for milder weather and lower heating demand next week and an expected.
  • Last week's decrease cut stockpiles to 3.940 trillion cubic feet (tcf) or 6.8% above the five-year average of 3.690 tcf for this time of year.
Published 26 Nov, 2020 12:34am
US drillers add oil and gas rigs for fourth month: Baker Hughes
Energy

US drillers add oil and gas rigs for fourth month: Baker Hughes

  • The oil and gas rig count, an early indicator of future output, rose 10 to 320 in the week to Nov. 25, energy services firm.
  • There was a single week decline in oil drilling activity (last week) going against the recent trend in higher drilling activity.
Published 26 Nov, 2020 12:28am
US natgas futures rose to one-week high on cooler forecasts
Energy

US natgas futures rose to one-week high on cooler forecasts

  • On its second to last day as the front-month, gas futures for December delivery rose 6.4 cents, or 2.4%, to settle at $2.775 per million British thermal units (mmBtu),
  • The January contract, which will soon be the front-month, gained 6 cents to $2.89 per mmBtu.
Published 25 Nov, 2020 02:25am
UK GAS-Prices rise on colder weather forecasts
Energy

UK GAS-Prices rise on colder weather forecasts

  • The British gas system was over-supplied by 12.4 million cubic metres (mcm) on Monday morning, with demand forecast at 245.5 mcm and flows at 257.9 mcm/day, National Grid data showed.
Published 23 Nov, 2020 05:43pm