Natural-gas prices turn lower after supply data ( NGV13 ) by Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned lower on Thursday after the U.S. Energy Information Administration reported a supply increase of 58 billion cubic feet for the week ended Aug. 30. Analysts polled by Platts forecasted a climb of between 53 billion cubic feet and 57 billion cubic feet. Total stocks now stand at 3.188 trillion cubic feet, down 210 billion cubic feet from the year-ago level and 43 billion cubic feet above the five-year average, the government said. October natural gas (ngv13) traded at $3.63 per million British thermal units, down 6 cents, or 1.5%. It was trading slightly higher at $3.69 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.
This area has suffered immense environmental degradation…
ContinuePosted by Char on May 29, 2025 at 14:42 — 4 Comments
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