Tag: natural gas

US natgas prices rise on lower daily output

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Gas

NEW YORK: US natural gas futures climbed about 3 percent to a one-month high on Wednesday on a recent drop in daily output. That price increase came despite ample supplies of gas in storage, a small decline in flows to liquefied natural gas (LNG) export plants, mild weather and forecasts for lower demand next week than previously expected. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 8.0 cents, or 2.7 percent, to USD3.089 per million British thermal units at 8:44 a.m. EDT (1244 GMT), putting…

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Global LNG: Asian spot prices slip on muted demand, ample supply

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SINGAPORE: Asian spot liquefied natural gas (LNG) prices slipped this week on muted demand and ample supply, with the delivery of an LNG cargo from a sanctioned Russian project adding to supply concerns. The average LNG price for October delivery into Northeast Asia was at $11.15 per million British thermal units (mmBtu), down from $11.40/mmBtu last week, industry sources estimated. “LNG market sentiment remained calm with arbitrage for U.S. cargoes still Europe-bound. Major Northeast Asian buyers have limited interest in prompt cargoes due to high stocks and a relatively loosened…

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US natural gas extends losses

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NEW YORK: US natural gas futures fell for a third straight session on Tuesday, as mild weather forecasts and ample supplies kept pressure on the market. Front-month gas futures for September delivery on the New York Mercantile Exchange fell 1percent to USD2.80 per million British thermal units at 10:03 a.m. EDT (1403 GMT). The contract fell on Monday to its lowest since November 4, 2024. Analysts said prices remained under pressure with weather trends pointing to limited demand and little fundamental support for a sustained rebound. Financial firm LSEG estimated…

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Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

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Oil falls

NEW YORK: Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while U.S. West Texas Intermediate crude dropped by $1.36, or 2.2%, to $60.69. That puts both benchmarks on track for their lowest closes since April 10. Trump’s push to reshape world trade by…

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Thar coal: TCEB holds public hearing on SSRL’s tariff plea

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natural gas prices

DOHA: Qatar began supplying Syria with gas via Jordan, state media in the gas-rich country reported Thursday, as Damascus’s new leadership seeks economic relief for the war-torn country long prone to power cuts. “Qatar has started today providing… natural gas supplies to the Syrian Arab Republic through the territories of the Hashemite Kingdom of Jordan,” the Qatar News Agency (QNA) reported. The new authorities in Damascus, who seized power from longtime ruler Bashar al-Assad in December, have sought to rebuild the country’s infrastructure and economy after almost 14 years of…

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