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U.S. natgas jumps nearly 9% to 3-week high on colder weather outlook

This post was originally published on this siteDecember 28, 2021 U.S. natural gas futures jumped almost 9% on Monday to a three-week high on forecasts for colder weather and higher heating demand over the next two weeks. Front-month gas futures rose 32.9 cents, or 8.8%, to settle at $4.060 per million British thermal units (mmBtu), …

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Mexico to Stop Exporting Oil in 2023 in Self-Sufficiency Quest

This post was originally published on this siteDec 28, 2021 (Bloomberg) Mexico plans to halt crude oil exports in 2023 as part of President Andres Manuel Lopez Obrador’s nationalist goal of self-sufficiency in fuel production.Petroleos Mexicanos, the Mexican state-owned producer known as Pemex, will reduce daily crude exports next year by more than half to 435,000 …

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Oil Rises With Investors Weighing Demand Risk From Omicron

This post was originally published on this siteDec 27, 2021 (Bloomberg) Oil rose as investors weighed the rapid spread of omicron against signs it may be milder than previous variants. Brent futures rose 0.7%, swinging between gains and losses amid thin trading volumes. West Texas Intermediate, which didn’t have a settlement on Friday due to a …

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