European Gas Falls
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The natural gas market initially fell during the early part of the session on Tuesday, as the market continues to see a lot of negativity overall, but there is the extra demand coming from the European Union.
Since the start of the year, NFG is up 45%, with any and all pullbacks caught by the 80-day moving average. On track for its third-straight win, the stock earlier jumped as high as $88.22 out of the gate this morning.
China's imports of major commodities presented a mixed picture in the first half, but if there is a clear trend it is that the world's top buyer of natural resources is increasingly sensitive to prices.
The natural gas market continues to see a lot of pressure above, as we gave up the initial run higher on Monday. At this point, I am looking to see a bit of selling pressure that I can take advantage of.
In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.
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Peyto marks a milestone as Canada's West Coast begins exporting natural gas. Click here to find out why the outlook for PEYUF stock remains a strong buy.
Last month's start-up of LNG Canada, the country's first large-scale liquefied natural gas export facility, has failed to lift Western Canadian natural gas prices as quickly as some market participants and observers expected,
Renewable energy has generated more power than natural gas because it provides cheap and fast electricity to meet demand.
Traders have ramped up bookings at German natural gas storage sites, marking a sharp turnaround from earlier this year when the country exited winter with stockpiles at a three-year low and an unusual market structure made refills unprofitable.
On Sunday's spot market, 1,000 cubic meters of natural gas cost 14,651.70 liras, while the cumulative natural gas trade volume amounted to around 606,000 cubic meters. Türkiye received about 131.8 million cubic meters of pipeline gas on Monday.
Canadian natural gas prices are poised to jump nearly 60 per cent this year — marking the end of years-long discounts — as a new export terminal begins shipping to global markets, a new forecast from Deloitte Canada predicts.
Crude oil retreats as Trump’s 50-day sanction delay eases supply fears. WTI breaks support, risking further downside amid weak China data.