Page 3 - Intercontinental Exchanges News Today

By Scott DiSavino NEW YORK (Reuters) -Oil slumped about 4% on Monday to its lowest in two weeks on growing worries about the global energy demand outlook

U.S. natural gas futures soared almost 12% to a near three-week high on Monday on expectations liquefied natural gas (LNG) exports will rise and forecasts calling for cooler weather and higher heating demand over the next two weeks than previously expected.

U.S. natural gas futures fell 4% to a two-week low on Monday on rising output and forecasts milder than normal weather will continue through late October.

Here are some selected news articles from the week ended 17 July 2021. Part 2 is available here. This is a feature at Global Economic Intersection every Monday evening or Tuesday morning. Please share this article - Go to very top of page, right hand side, for social media buttons. Natural gas rigs at 15 mo high as prices hit 30 mo high; global oil shortage at 830,000 bpd; DUC backlog at 7.6 months Natural gas prices ended the week unchanged as strong export demand offset cooler weather and a ...

Written by rjs, MarketWatch 666Here are some selected news articles from the week ended 22 May 2021. Part 2 is available here.

U.S. natgas futures rise to 6-wk high on record exports, cool weather U.S. natural gas futures rose to a six-week high on Monday on forecasts for more heating demand this week than previously expected and near-record liquefied natural gas (LNG) and pipeline exports. Front-month gas futures NGc1 rose 2.4 cents, or 0.9%, to $2.704 per million British thermal units at 9:07 a.m. EDT (1307 GMT), putting the contract on track for its highest since March 4. That increase pushed the front-month into ov...