US Natural Gas Storage Rises in Latest Week
EIA natural gas in storage increased from the previous week, versus market expectations for a larger increase.
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Analysts lift targets for Porsche, Volvo, Continental
Jefferies kept Porsche at hold with a 49 euro target after investor-event remarks on margins and cash returns. UBS raised Volvo to buy and Bernstein upgraded Continental to outperform, while shares in the sector were mixed.
US natgas futures reach one-week high on lower output, higher LNG flows
Front-month November US natural gas futures rose 1.9 cents to $3.085 per million British thermal units (mmBtu). Daily output slid to a four-month low of 108.9 bcfd on Tuesday amid pipeline problems, while LNG feedgas rose to a one-week high of 17.6 bcfd.
US natgas rises for second week near $2.79/MMBtu
US natural gas prices rose to around $2.79 per million British thermal units on Friday, gaining more than 2% for a second consecutive week amid expectations of persistent summer heat and abundant supply.
European gas rises above €62/MWh on LNG and Iran risks
European natural gas prices climb above €62 per MWh to a fresh three-week high as LNG supply disruptions from the Gulf persist and negotiations on Iran remain stalled.