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U.S. Natural Gas Gains Ahead of Inventory Data

0936 ET – U.S. natural gas futures extend their gradual climb higher with hotter weather forecasts for the second half of July seen lifting demand. 'Supportive short-term technicals and building heat suggest the path of least resistance may remain to the upside over the next 7-10 days,' Eli Rubin of EBW Analytics says in a note. The EIA's storage report at 10:30 a.m. ET is expected to show an injection of 47 Bcf, according to a Wall Street Journal survey of analysts. That's slightly larger than the 41 Bcf five-year average, and would increase the surplus to 179 Bcf from 173 Bcf the week before. Nymex natural gas is up 1.3% at $3.597/mmBtu. (anthony.harrup@wsj.com)
1030 GMT – European natural gas prices rise following unplanned outages in Norway, with the benchmark Dutch TTF contract up 0.7% to 35.46 euros a megawatt hour. Disruptions at the Nyhamna and Kollsnes processing plants are expected to last until Friday, taking offline 49.8 million and 51.5 million cubic meters of capacity a day, respectively, according to operator Gassco. Meanwhile, Japan is increasing its purchases of liquefied natural gas as stockpiles dip slightly below the five-year seasonal average, analysts at ANZ Research say. With a 70% probability of above-normal temperatures across eastern and western regions through Aug. 11, the analysts warn energy LNG demand could rise even further. (giulia.petroni@wsj.com)
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Volkswagen suffers $1.5 billion loss from Trump's tariffs

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Sky Sports: Leeds United submit £26m bid for Brazilian forward
Sky Sports: Leeds United submit £26m bid for Brazilian forward

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time31 minutes ago

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Sky Sports: Leeds United submit £26m bid for Brazilian forward

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