Tag: us 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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US natural gas slides

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gas

NEW YORK: US natural gas futures fell to a ten-month low on Monday, pressured by cooler weather forecasts and fading summer demand, easing concerns over tight storage levels ahead of winter. Front-month gas futures for September delivery on the New York Mercantile Exchange were flat at USD2.70 per million British thermal units at 10:09 a.m. EDT (1410 GMT). The contract hit its lowest since November 4, 2024. “With summer waning, it is becoming clear that the expectation of strong power sector demand and growing exports limiting injections and giving us…

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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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US natural gas prices climb

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natural gas prices

NEW YORK: US natural gas futures climbed about 2% to a one-week high on Wednesday on record gas flows to liquefied natural gas (LNG) export plants and another drop in daily output. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 8.5 cents, or 2.1%, to $4.137 per million British thermal units (mmBtu) at 8:52 a.m. EDT (1252 GMT), putting the contract on track for its highest close since March 11. The price increase occurred despite forecasts for less demand over the next two weeks…

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