Saturday, June 13, 2026
U.S. natgas output, demand to fall in 2020 from peaks due to coronavirus: EIA- oil and gas 360

U.S. natgas output, demand to fall in 2020 from peaks due to coronavirus: EIA

Reuters U.S. natural gas production and demand will drop in 2020 from record highs last year as coronavirus lockdowns cut economic activity and energy prices, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday. The EIA projected dry gas production will drop to 89.88 billion cubic feet per day (bcfd) in 2020 and

Oil prices edge up off three-month lows; demand concerns persist- oil and gas 360

Oil prices edge up off three-month lows; demand concerns persist

Reuters NEW YORK  – Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand. Brent crude LCOc1 gained 81 cents, or 2.1%, to $40.62 a barrel by 11:28 a.m. EDT (1528 GMT). The benchmark dropped more