Natural Gas Storage Reports Slight Dip, Suggesting Increased Demand
The Energy Information Administration (EIA) released its Natural Gas...
The Energy Information Administration (EIA) released its Natural Gas Storage report, indicating a slight decrease in the number of cubic feet of natural gas held in underground storage over the past week. The actual figure reported was 75 billion cubic feet (B), a dip from the previous week’s 90B.
The reported number, 75B, is slightly below the forecasted 76B. This deviation from the forecasted figure suggests a stronger demand than initially anticipated. As per economic principles, a decrease in natural gas inventories, if less than expected, implies greater demand, which is bullish for natural gas prices.
Turkish state gas firm Botas is set to receive 141 billion cubic feet...
Turkish state gas firm Botas is set to receive 141 billion cubic feet of US liquefied natural gas annually starting in 2026 under a 20-year supply deal with Swiss trader Mercuria. Botas also has a preliminary agreement with Woodside Energy to import 205 Bcf of LNG from its Louisiana LNG project starting in 2030, part of Turkey's strategy to diversify its energy sources away from Russia and Iran.
The Environmental Protection Agency has started a reorganization that...
The Environmental Protection Agency has started a reorganization that includes the creation of the Office of Applied Science and Environmental Solutions under Administrator Lee Zeldin. The move has prompted concerns from unions about potential political interference in scientific research, as the new office is expected to absorb functions from the Office of Research and Development. Agency leaders say the overhaul will create a more efficient and effective organization, with a particular focus on meeting statutory obligations and supporting innovation.
Dow, S&P and Nasdaq end lower for 3rd straight day amid rethink on Fed rate cuts
U.S. stocks finished lower on Thursday, with all three...
U.S. stocks finished lower on Thursday, with all three major indexes booking a three-day losing streak after economic data suggested that labor-market conditions were improving — reshaping market expectations around the Federal Reserve’s future policy path.
The Dow Jones Industrial Average fell over 173.96 points, or 0.4%, to end at 45,947.32, according to FactSet data.
The S&P 500 was off 33.25 points, or 0.5%, to finish at 6,604.72.
The Nasdaq Composite dropped 113.16 points, or 0.5%, ending at 22,384.70.