Monday, August 17, 2026
US natgas prices climb 2% to 8-week high as producers cut output for Hurricane Francine- oil and gas 360

US natgas prices climb 2% to 8-week high as producers cut output for Hurricane Francine

BOE Report U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal units (mmBtu) at

OPEC⁺ surprise triggered record hedge fund oil sales: Kemp- oil and gas 360

OPEC⁺ surprise triggered record hedge fund oil sales: Kemp

BOE Report Portfolio investors sold record volumes of petroleum last week after OPEC⁺ surprised the market by announcing plans to increase production starting from the fourth quarter of 2024. Hedge funds and other money managers sold the equivalent of 194 million barrels in the six most important futures and options contracts over the seven days ending on June 4. Fund

Saudi Aramco Looks for Multi-Billion-Dollar U.S. Gas Acquisitions: CEO

Saudi Aramco Looks for Multi-Billion-Dollar U.S. Gas Acquisitions: CEO From Reuters Saudi Aramco, the world’s top oil producer, is looking to acquire natural gas assets in the United States and is willing to spend “billions of dollars” there as it aims to become a global gas player, the company’s CEO said on Tuesday. Amin Nasser told Reuters in an interview

First Daewoo LNG Carrier with Full Reliquefication System is Earmarked for Texas LNG Cargoes

From LNG World Shipping State of the art LNG carrier will export natural gas from Freeport LNG – 800,000 tonnes per year starting in 2019 South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has completed its first LNG carrier equipped with a full reliquefication system. The ship in question is the 180,000 m3 LNG Schneeweisschen, the first LNGC built by