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FP Trading Desk (Canada) 05/22/2020 05:21
By Verity Ratcliffe (Bloomberg) — The world’s biggest liquefied natural gas producer plans to reduce its spending by about 30%, but cuts won’t affect Qatar Petroleum’s current production or expansion plans, said Saad Al-Kaabi. “All the major capital projects are moving ahead,” said Al-Kaabi, the company’s chief executive officer and the country’s energy minister, in […]
MarketWatch 05/21/2020 10:37
The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 81 billion cubic feet for the week ended May 15. That matched the average increase forecasted by analysts polled by S&P Global Platts. Total stocks now stand at 2.503 trillion cubic feet, up 779 billion cubic feet from a year ago, and 407 billion cubic feet above the five-year average, the government said. June natural gas was down 3 cents, or 1.7%, at $1.741 per million British thermal units. It was trading at $1.736 before the data. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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