Natural-gas prices down over 2% after EIA data supplies up 59 Bcf week ending July 26

                              (                                     NGU13                                 )                                by Myra P. Saefong

SAN FRANCISCO (MarketWatch) -- Natural-gas futures lost more ground on Thursday after the U.S. Energy Information Administration reported a supply increase of 59 billion cubic feet for the week ended July 26. Analysts polled by Platts forecasted a climb between 54 billion cubic feet and 58 billion cubic feet. Total stocks now stand at 2.845 trillion cubic feet, down 368 billion cubic feet from the year-ago level and 34 billion cubic feet below the five-year average, the government said. September natural gas     (ngu13)   fell further, trading at $3.37 per million British thermal units, down 7 cents, or 2.1%. It was trading at $3.40 shortly before the data

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In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

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Posted by Char on May 29, 2025 at 14:42 — 4 Comments

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