May 19, 2024
Finance

Why Texas has too much natural gas

A natural gas (NG=F) glut in the US has sent prices for the commodity tumbling to multi-decade lows, down 43% over the past year. At West Texas’s key trading spot, the Waha Hub, prices have been negative for the majority of March and into April, according to government data released this week. That means producers

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Investors

Oil prices advance as investors reassess US inventories data

By Katya Golubkova TOKYO (Reuters) – Global oil prices edged up on Thursday, recovering from two consecutive sessions of decline, as investors reassessed the latest U.S. crude oil and gasoline inventories data and returned to buying mode. Brent crude futures for May were up 29 cents, or 0.34%, at $86.38 a barrel while the more

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