In mid-March, natural gas storage was 23% below the level a year prior...
In mid-March, natural gas storage was 23% below the level a year prior and 11.5% below the five-year average. This low level has raised concerns that refilling U.S. and European storage could be much more challenging than expected if high temperatures appear in early summer. Factoring in an additional LNG export demand pull of 7.5 Bcf/d by year-end from new buildouts on Plaquemines 1 and 2 along with Corpus Christi 3 and Golden Pass, then one could expect a strong demand pull to continue.
The immense projected energy needs of artificial intelligence (AI) will also continue to pull on natural gas demand as new power grids are built out over the next few years. Microsoft’s planned Stargate AI supercomputer alone may require as much as four to six gigawatts of power, almost equivalent to the power needs of a large city such as New York.
RFK Jr. said he’s cutting 10,000 health department jobs. Health...
RFK Jr. said he’s cutting 10,000 health department jobs. Health and Human Services Secretary Robert F. Kennedy Jr. announced yesterday that he’s planning to scrap 10,000 full-time employees across departments as part of the Trump administration’s effort to upend the federal health workforce. Those cuts are in addition to the 10,000 health employees who took voluntary buyouts after President Trump took office. Per the Wall Street Journal, Kennedy wants to centralize several departments, including communications and policy planning, which would significantly change how the agency operates. Critics argue the massive reductions will hamstring critical work like preventing disease outbreaks and approving medicines.
Paramount and NBCUniversal are reportedly feuding over whose streaming service has the rights to upcoming Yellowstone spinoffs.
The Sundance Film Festival is leaving Park City, Utah, and headed to Boulder, Colorado, in 2027 following a yearlong search process to find a new home that can accommodate the buzzy event.
Attorney General Pam Bondi said she is unlikely to open an investigation into the Signal national security leak.
Hooters plans to end “bikini night” and make its restaurants more family-friendly as part of the chain’s turnaround effort, Bloomberg reported
U.S. Natural Gas Futures Gain as April Contract Expires
U.S. natural gas futures shake off a bearish storage report and settle...
U.S. natural gas futures shake off a bearish storage report and settle higher as the market looks to demand for gas to refill inventories over the summer. Prices fell after the EIA reported a bigger-than-expected 37 Bcf injection into storage last week, and recovered later in the session. The storage injection reduced the deficit against the five-year average and the year-ago level. The Nymex April contract goes off the board at $3.95/mmBtu, up 2.3%, and gas for May delivery settles up 1.4% at $3.925.
Oil approaches one-month highs as investors assess supply, trade war risks
[NEW YORK] Oil prices increased on Thursday as traders...
[NEW YORK] Oil prices increased on Thursday as traders assessed a tightening of crude supplies and new US tariffs and their expected effect on the world’s economy.
Brent crude futures gained 24 cents, or 0.3 per cent, to settle at US$74.03 a barrel. US West Texas Intermediate crude futures rose 27 cents to US$69.92. On Wednesday, oil prices rose about 1 per cent to their highest since February.
Market participants were weighing escalating trade war risks. US President Donald Trump unveiled his plan on Wednesday to implement 25 per cent tariffs on imported cars and light trucks, effective next week, while those on auto parts begin on May 3.
“The biggest headwind for oil right now is the concern about tariffs, which might slow demand,” said Phil Flynn, senior analyst with Price Futures Group.
On Tuesday, Trump imposed new 25 percent tariffs on potential buyers of Venezuelan crude oil.
U.S. stocks end lower as investors weigh Trump tariffs, Friday’s inflation data
U.S. stocks ended lower Thursday, after struggling for...
U.S. stocks ended lower Thursday, after struggling for direction as investors focused on new automobile tariffs and waited on Friday's release of the Federal Reserve's preferred inflation gauge.
The blue chip Dow Jones Industrial Average ended about 155 points, or 0.4%, near 42,229, according to preliminary data.
The S&P 500 closed about 0.3% lower.
The Nasdaq Composite ended down 0.5%.
U.S. auto stocks fell sharply, including shares of Ford Motor Co., General Motors Co. and Stellantis, while those of Tesla Inc. gained.
