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US natgas futures fall with cash prices on lower demand forecasts
Energy

US natgas futures fall with cash prices on lower demand forecasts

  • The decline in futures prices came despite a projected increase in LNG exports, record sales to Mexico and a drop in daily output to a 25-month low.
  • On its second to last day as the front-month, gas futures for October delivery fell 10.9 cents, or 4.8%, to settle at $2.139 per million British thermal units (mmBtu).
Published 26 Sep, 2020 02:54am
Energy

Oil prices steady

NEW YORK: Oil prices were steady on Thursday as a new wave of coronavirus cases in Europe led several countries to...
Published 25 Sep, 2020 02:45am
US natgas futures jump 6pc on small storage build, rising LNG exports
Energy

US natgas futures jump 6pc on small storage build, rising LNG exports

  • The US Energy Information Administration (EIA) said US utilities injected just 66 billion cubic feet (bcf) of gas into storage in the week ended Sept. 18.
  • Front-month gas futures rose 12.3 cents, or 5.8%, to settle at a one-week high of $2.248 per million British thermal units.
Published 25 Sep, 2020 01:49am
ConocoPhillips sees global oil demand returning
Energy

ConocoPhillips sees global oil demand returning

  • The view stands in contrast to rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand.
  • Capital spending in 2021 will be "somewhat below" its original planned 2020 level of $6.6 billion, Macklon said.
Published 24 Sep, 2020 11:30pm
US natgas jumps almost 16pc from 7 week low as demand and LNG exports rise
Energy

US natgas jumps almost 16pc from 7 week low as demand and LNG exports rise

  • Front-month gas futures rose 29.1 cents, or 15.9%, to settle at $2.125 per million British thermal units in their biggest one-day percentage gain since early August.
  • Data provider Refinitiv said output in the Lower 48 US states was on track to fall to 83.8 billion cubic feet per day (bcfd) on Wednesday.
Published 24 Sep, 2020 12:05am
Energy

Oil edges up

NEW YORK: Oil prices settled slightly higher on Tuesday ahead of weekly US inventory figures, rebounding modestly...
Published 23 Sep, 2020 02:48am