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Oil
Exploration and Production

Oil market saw frenzy of hedge fund buying

March 26, 2024 Mariel Alumit

LONDON, March 25 (Reuters) – Investors have purchased oil at the fastest rate for more than four years, amid optimism that Saudi Arabia and its OPEC+ allies will continue to restrict production while an improving […]

US natural gas
Natural Gas

US natural gas production hits 9-month high as NYMEX futures rally falters

September 7, 2022 Mariel Alumit

US natural gas production is on a tear this month, trending at its highest since late 2021, as steady gains in drilling activity this year begin boosting domestic supply in a potentially chilling turn for […]

NYMEX natural gas
Finance

NYMEX natural gas futures relapse amid profit-taking following short-lived rally

July 11, 2022 Mariel Alumit

NYMEX August natural gas futures shed 26.3 cents to settle at $6.034/MMBtu on July 8 amid a barrage of profit-taking. The loss comes on the back of the previous day’s 14% surge in NYMEX front-month […]

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