US natgas up 2% on forecasts for higher demand through early June

U.S. natural gas futures gained about 2% on Wednesday on forecasts for cooler weather this week and warmer weather next week that should boost demand more than previously expected through early June. Gas prices also gained support from low amounts of wind power in recent weeks that have forced power generators to burn more gas …

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AMLO’s Seizure of a Billionaire’s Rail Line Is Making Investors Wary of Mexico

For global investors, predicting President Andres Manuel Lopez Obrador’s moves has never been easy. And now as he enters the home stretch of his presidency, it might get even harder. Last week, billionaire German Larrea woke up to find the government had seized a 120-kilometer stretch of a rail line he owns. The Navy took …

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U.S. natgas down 3% to one-week low on record output, rise in Canada exports

U.S. natural gas futures fell about 3% to a one-week low on Tuesday with U.S. output on track to hit a monthly record high and as exports from Canada increase as some producers in Alberta return to the wellpad after wildfires. That price decline came despite forecasts for a little more U.S. gas demand over …

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Eight Things You Didn’t Know About LNG – Geoffrey Cann

By Geoffrey Cann I’ve written hundreds of articles about the liquefied natural gas (LNG) industry, and I’m still learning stuff I didn’t know. At an LNG conference last week, I heard speakers share perspectives on a range of topics that warranted a reminder of the nuances of this fascinating industry. Here’s eight things about LNG that you …

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Permian Set for M&A Frenzy as Cash-Rich Producers Seek Reserve Boost

(Reuters) – Dealmaking is picking up in the Permian basin, the largest U.S. oil patch, as drillers look to quickly rebuild their depleting assets. Permian is a prime target for producers looking to increase their inventory. The shale patch, which lies between Texas and New Mexico, has the necessary infrastructure and is known for high …

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OPEC sec general says underinvestment could trigger oil market volatility

DUBAI, May 22 (Reuters) – OPEC Secretary General Haitham Al Ghais said on Monday that underinvesting in the oil and gas sector could cause market volatility in the long term and imperil growth. He also said the world needs to focus on reducing green house gas emissions rather than replacing one form of energy with …

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Commentary: Climate Activists Continue Their Confusing Crusade

A recent story by BNN Bloomberg—headlined “Drop the ‘Natural’ in Natural Gas, Climate Activists Urge US Officials”—notes that an environmental advocacy group called “Gas Leaks” wants the United States Federal Trade Commission (FTC) to rename the substance we all currently know as, well, natural gas. Apparently, climate activists believe the term “natural gas” carries overly positive connotations …

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Australia wins U.S. support for critical minerals industry

MELBOURNE, May 22 (Reuters) – Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used …

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