Natural Gas price heads to the upside on Monday in European trading as talks failed to reach an agreement in Australia. Wage negotiations are going no
where between port authorities and workers in one of the most important LNG terminals in Australia. More workers in ports and terminals across Australia are joining the demand for higher wages, pointing to a possible shutdown of more than 10% of the world supply by the first week of September if there is no agreement.
China’s LNG import growth is set to slow down for the winter, according to Bloomberg gas analyst Daniela Li. China has secured 37 long-term deals in the past two years, which could lead to oversupply by 2024. All eyes are focused on Friday, when the annual Jackson Hole Symposium will be the focal point for the week. In the event, the US Federal Reserve tends to signal a change in its monetary policy going forward. Natural Gas is soaring on the back of the headlines out of Australia, where talks are still ongoing though shutdowns at the start of September look inevitable. The 10% cut in supply as of then is not to be underestimated and already shows how fragile price stability is.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Natural Gas Price Analysis: Falling wedge lures XNG/USD bulls but $2.76 guards immediate recoveryNatural Gas Price (XNG/USD) clings to mild gains around $2.72–73 during early Monday as it stretches the late Friday’s corrective bounce amid a sluggi
Lire la suite »
Natural Gas Futures: Extra weakness in the pipelineConsidering advanced prints from CME Group for natural gas futures markets, open interest increased by just 545 contracts on Friday after three consec
Lire la suite »
Serbia will increase supplies of Russian natural gas to Hungary if Ukraine pulls out of transit dealHungary has struck a deal with Serbia that could bring increased shipments of Russian natural gas through the Balkan country if Ukraine ends a gas transit agreement with Moscow.
Lire la suite »
OPINION: Let’s look at all the available Cook Inlet gasWhile Cook Inlet natural gas is currently in limited supply, there are yet-undeveloped natural gas supplies that can be developed to ensure cheap energy until the day the new source is commissioned.
Lire la suite »
SDSU to transition to virtual classes Monday, citing storm safety concernsThe university says it plans to return to normal in-person instruction and on- campus work on Tuesday.
Lire la suite »