U.S. natural gas futures dropped 4% to a 20-month low on Thursday despite a big weekly
storage draw, as forecasts called for milder weather and lower heating demand next week than previously expected.
Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data.
Shares of U.S. hydraulic fracturing firm Liberty Energy fell more than 5% on Thursday, despite a fourth-quarter earnings beat, on concerns that fracking activity was slowing. The company said that while the pressure pumping market is tight in all U.S. shale basins, there could be a pullback in response to lower natural gas prices, which were trading down 7.8% to roughly $2.8 per mmBTU on Thursday.
The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, an EU official said on Thursday.
Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and on positive U.S. economic data.
- U.S. crude inventories rose last week as demand for fuels tapered off, and while the increase was less than expected, crude stocks reached the highest level since June 2021, the Energy Information Administration said on Wednesday.
U.S. natural gas futures dropped about 5% to a 19-month low on Wednesday on forecasts for
less cold weather and lower heating demand next week than previously expected and a growing belief in the ...
Kazakhstan's Tengizchevroil plans to boost its crude oil exports via Georgia's Black Sea port of Batumi in January-February to 150,000 tonnes, two industry sources told Reuters on Wednesday. TCO's monthly exports via Batumi last year averaged about 21,000 tonnes, rail data seen by Reuters showed.
Oil prices settled largely unchanged on Wednesday after government data showed a smaller-than-anticipated build in U.S. crude inventories, countering weak economic data from Tuesday. Brent crude futures settled at $86.12 a barrel, down a cent, while the U.S. West Texas Intermediate crude futures settled at $80.15 a barrel, up by 2 cents.
U.S. natural gas futures dropped about 6% on Tuesday on uncertainty about when Freeport
LNG's liquefied natural gas (LNG) export plant in Texas would restart and on forecasts for milder weather ...
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required