US Natgas Prices Jump 7% to 1-Year High on Surprise Storage Draw, Colder Forecasts

U.S. natural gas futures jumped about 7% to a one-year high on a surprise weekly withdrawal from storage, forecasts for colder weather and rising gas flows to liquefied natural gas export plants. The U.S. Energy Information Administration said utilities pulled 3 billion cubic feet (bcf) of gas from storage during the week ended Nov. 15. …

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‘The Corrupt Solar Project’: Key US Bribery Charges Against Adani and What’s Next

NEW DELHI, Nov 21 (Reuters) – Indian billionaire Gautam Adani has been indicted by U.S. prosecutors for conspiring with executives of a formerly New York listed company to devise a $265 million scheme to bribe Indian officials to boost their solar energy business. Adani Group denied the allegations as “baseless”, while Indian government officials haven’t …

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US Natgas Producers Chase AI-Driven Surge in Power Demand to Weather Low Prices

By Mrinalika Roy Nov 21 (Reuters) – Shale gas producers in the U.S. Permian Basin are sounding out data-center operators building up capacity to power a boom in AI applications, aiming to ease the pressure from a nearly two-year slump in the prices of the commodity. Devon Energy (DVN.N), Expand Energy (EXE.O), Diamondback Energy (FANG.O), …

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Trump 2.0 Won’t Reverse Biden’s Critical Minerals Push

By Andy Home LONDON, Nov 21 (Reuters) – Donald Trump has described the Inflation Reduction Act (IRA) as a “green scam” and vowed to repeal it after he returns to the White House in January. This is bad news for sectors such as electric vehicles (EV) and wind power, which have been major recipients of …

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