Oil slumps over 5% to near $100/bbl on Shanghai lockdowns
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
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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 bearish storage report....after slipping 0.7% to $3.674 per mmBTU last week as weather forecasts mod...
Written by rjs, MarketWatch 666Here are some selected news articles from the week ended 22 May 2021. Part 2 is available here.