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natural gas and oil

US natgas futures slip on milder forecasts, lower demand
Markets

US natgas futures slip on milder forecasts, lower demand

  • 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.
Published 03 Jun, 2021 08:01pm
US natgas futures hold near one-week high ahead of storage report
Markets

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

  • 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.
Published 27 May, 2021 06:39pm
US natgas flat as higher oil prices offset milder weather
Markets

US natgas flat as higher oil prices offset milder weather

  • 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.
Published 12 May, 2021 06:29pm
US natgas futures up to 7-week high on small storage build
Markets

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

  • 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.
Published 22 Apr, 2021 07:52pm
US natgas futures slip to one-week low ahead of storage report
Markets

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

  • 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).
Published 25 Mar, 2021 08:52pm
PetroChina expects its carbon emissions to peak around 2025
Business & Finance

PetroChina expects its carbon emissions to peak around 2025

  • 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.
Published 25 Mar, 2021 06:40pm
Winter storms hammer US manufacturing production
World

Winter storms hammer US manufacturing production

  • 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.
Updated 16 Mar, 2021 10:02pm