mark

U.S. Natgas Prices Hit 5-Week High on Rising Feedgas to Freeport LNG, Output Drop

U.S. natural gas futures edged up about 1% to a five-week high on Wednesday on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas and producers continued to reduce drilling activities after prices collapsed to 3-1/2-year lows earlier this year. Limiting price …

U.S. Natgas Prices Hit 5-Week High on Rising Feedgas to Freeport LNG, Output Drop Read More »

Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered

The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin, according to a court filing made public on Wednesday. In an amicus, or friend-of-court, brief dated April …

Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered Read More »

U.S. Crude Stocks, Gasoline and Distillate Inventories Rise – EIA

U.S. crude, gasoline and distillate inventories rose in the week ending April 5, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.8 million barrels to 457.3 million barrels in the week ended April 5, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.4 million-barrel rise. Crude stocks …

U.S. Crude Stocks, Gasoline and Distillate Inventories Rise – EIA Read More »