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Markets - Energy - 2020-11-26
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