Natural-gas prices turn lower after EIA data ( NGQ13 ) by Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Natural-gas futures turned lower on Thursday after the U.S. Energy Information Administration reported that supplies of the commodity climbed 41 billion cubic feet for the week ended July 19. Analysts polled by Platts forecasted an increase between 47 billion cubic feet and 51 billion cubic feet. Total stocks now stand at 2.786 trillion cubic feet, down 399 billion cubic feet from the year-ago level and 46 billion cubic feet below the five-year average, the government said. August natural gas (ngq13) was at $3.65 per million British thermal units, down 5 cents, or 1.2%. It was trading at $3.71 shortly before the data.
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August NYMEX Settlement Price: $3.459
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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