U.S. natural gas futures jumped about 4% to a fresh 13-year high on Wednesday as power
generators and liquefied natural gas (LNG) export plants consumed more of the fuel.
European prompt power prices for the coming days fell on plenty of wind power and weakening demand on Wednesday ahead of a holiday on Thursday, which ushered in lower industrial and business activity in the rest of the week. Germany's Friday baseload, on a bridging day after May 26's Ascension Day, traded at 66 euros per megawatt hour at 0850 GMT, down 64% from Wednesday delivery.
Fujairah Oil Industry Zone on Wednesday published the following inventory
data for oil products for the week ended May 23, according to industry information service S&P
Global Commodity Insights.
Oil prices rose on Wednesday, buoyed by tight supplies and as U.S. refiners drove processing activity to their highest level since before the coronavirus pandemic started. Brent crude futures for July rose by 48 cents to $114.03 a barrel by 10:50 a.m. EDT.
U.S. natural gas futures edged up about 1% on Tuesday, closing at a 13-year high, as
gas volumes flowing to U.S. liquefied natural gas (LNG) export plants jumped to the most in seven weeks on
raised ...
India's Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that a crude oil price of $110 a barrel was not sustainable, as the world faces an energy price crisis which is contributing to rising global inflation.
Palantir Technologies
Inc (PLTR) and global commodities trader Trafigura have set sights on a new market, their chief executives told Reuters on Monday: tracking carbon emissions for the oil, gas, refined metals and concentrates sector.
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