Gas Market

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Oil Prices Soared to Their Two-Year High; Gasoline Rises Too

The oil prices have increased due to higher-than-expected U.S. inflation data and strong demand prospects. After the United States lifted sanctions on a former Iranian oil, New York futures plunged 1.8% early on Thursday. Crude oil gained support when the U.S. consumer price index was higher than expected in May, prolonging months of inflation accumulation. At the …

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Natural Gas Futures Almost Doubled

Gasoline prices might become a massive challenge for future

The surge in fuel demand and the threat of potential pipeline closures might bring a painful summer for gas stations in the country. According to new data from GasBuddy, natural gas prices still climbed to a ten-year high on Monday. It is an increase of nearly 20% and reached a pandemic high. The ransomware attack …

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oil

Oil and Gas Giants Will Gather to Set Emission Target Plans

Oil and gas giants are getting ready to hold annual shareholder meetings in the upcoming weeks. The world’s largest corporate emitters are under pressure to set short, medium, and long-term emission targets. Their targets should be consistent with the Paris Agreement. Nearly 200 countries have signed landmark climate agreements. However, no oil and gas company has met …

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Natural Gas Futures gained more than 44%

Natural Gas Futures gained more than 44%

On the last day of September, commodities witnessed gains. Undoubtedly, the Coronavirus pandemic has impacted the global economy; however, natural gas and lumber are among the best performers. The Bloomberg Commodity Index, which tracks 23 commodities performance, increased by nearly 9% for the third quartes of 2020. Remarkably, the index gained roughly 5% in the …

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Low Demand Triggers Gas Prices To Decline To Lowest Level

Low Demand Triggers Gas Prices To Decline To Lowest Level

In a news report lately, U.S. natural gas prices inched down to its lowest level since 2016. To add, the daily consumption plunged by 2.2% compared to the preceding week. Unfortunately, the U.S. gas industry has attained the level where U.S. producers can’t make any more money. Other than that, the gas industry is unproductive …

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