5 stories on natural gas from MarketRadar.
Kinder Morgan is putting $4.7 billion of its own money into two natural gas pipeline joint ventures, betting that power plants, LNG exporters and data centers will keep US gas demand rising into the next decade.
WTI crude settled at $100.63 on Friday, up 3% on the day and about 9% on the week, as desks bet the US could strike Iran — with Brent holding above $109 and natural gas sagging toward $3.10 on weak demand.
Hurricane Isaias knocked out 72% of Gulf of Mexico oil output and 59% of its gas after making landfall near Destin, Florida — while a $79 million VLCC freight rate and the Iran war keep global energy markets on edge.
Front-month natural gas closed Wednesday up 1% at $3.066 per mmBtu as traders bet Thursday's EIA report brings a ninth straight below-average storage build, extending a surplus squeeze that has halved the inventory cushion in a month.
Natural gas snapped back from a $2.912 low to finish near the session high on Friday, tracing a textbook bullish outside session. Confirmation needs a daily settle above Thursday's $3.021 peak, with the sliding 200-day average near $3.13 looming as the next obstacle.
