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natural gas and oil

US natgas futures slip on milder forecasts, lower demand

US natgas futures slip on milder forecasts, lower demand

Published 03 Jun, 2021 08:01pm
  • Traders noted that that small price decline came ahead of a federal report expected to show last week's storage build was in line with normal levels for this time of year.
  • Front-month gas futures fell 3.3 cents, or 1.1%, to $3.042 per million British thermal units.
US natgas futures hold near one-week high ahead of storage report

US natgas futures hold near one-week high ahead of storage report

Published 27 May, 2021 06:39pm
  • On its first day as the front-month, gas futures for July delivery fell 2.9 cents, or 1.0%, from where the July contract closed on Wednesday to $2.998 per million British thermal units.
  • US pipeline exports to Mexico, meanwhile, averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.
US natgas flat as higher oil prices offset milder weather

US natgas flat as higher oil prices offset milder weather

Published 12 May, 2021 06:29pm
  • Front-month gas futures remained unchanged at $2.958 per million British thermal units.
  • US crude futures, meanwhile, rose over $1 a barrel earlier in the day on signs of a speedy economic recovery and upbeat forecasts for energy demand.
US natgas futures climb to fresh 10-week high on cooler forecast

US natgas futures climb to fresh 10-week high on cooler forecast

Published 04 May, 2021 07:44pm
  • Front-month gas futures rose 2.8 cents, or 0.9%, to $2.994 per million British thermal units.
  • That kept the front-month in overbought territory with a Relative Strength Index (RSI) over 70 for a seventh straight day for the first time since November 2019.
US natgas futures up to 7-week high on small storage build

US natgas futures up to 7-week high on small storage build

Published 22 Apr, 2021 07:52pm
  • The US Energy Information Administration (EIA) said utilities added 38 billion cubic feet (bcf) of gas into storage during the week ended April 16.
  • That was less than the 49-bcf build analysts forecast in a Reuters poll and compares with an increase of 47 bcf in the same week last year and a five-year (2016-2020) average increase of 37 bcf.
US natgas futures slip to one-week low ahead of storage report

US natgas futures slip to one-week low ahead of storage report

Published 25 Mar, 2021 08:52pm
  • That small decline comes ahead of a federal report expected to show last week's storage draw was smaller than usual and could be the last withdrawal of the 2020-2021 winter heating season.
  • Front-month gas futures fell 2.3 cents, or 0.9%, to $2.495 per million British thermal units (mmBtu).
PetroChina expects its carbon emissions to peak around 2025

PetroChina expects its carbon emissions to peak around 2025

Published 25 Mar, 2021 06:40pm
  • Spending on greener products including wind, solar, geothermal and hydrogen power will expand "significantly year on year," Dai said, without giving detail.
  • He said the next five-to-10 years would be "the window for energy transitions" and the company was working on precise timelines.
US natgas rises on cooler forecasts, higher power generator demand

US natgas rises on cooler forecasts, higher power generator demand

Published 24 Mar, 2021 07:10pm
  • Traders also noted that price declines over the past four weeks have prompted power generators to burn more gas and less coal to produce electricity.
  • Front-month gas futures rose 1.8 cents, or 0.7%, to $2.526 per million British thermal units (mmBtu).
Winter storms hammer US manufacturing production

Winter storms hammer US manufacturing production

Updated 16 Mar, 2021 10:02pm
  • Manufacturing production dropped 3.1% last month, also weighed down by a global semiconductor shortage, the Federal Reserve said on Tuesday. That followed a 1.2% jump in January and ended nine straight monthly increases in factory output.
  • That likely had a ripple effect on segments of manufacturing tied to the oil industry. Excluding the weather impact, manufacturing output fell 0.5%, the US central bank said.
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