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Utilities - Electric Headlines

UPDATE 1-U.S. natgas futures slip as power generators burn more coal

U.S. natural gas futures slipped on Friday on forecasts for demand to decline in early November when gas price increases were expected to cause power generators to burn more coal and less gas to produce electricity. Front-month gas futures fell 3.6 cents, or 1.2%, to settle at $2.971 per million British thermal units (mmBtu). Earlier in the week, the contract closed at its highest since January 2019 on rising liquefied natural gas (LNG) expor

U.S. lawmakers complain to Trump over Mexican energy policy

More than 40 U.S. lawmakers have written a letter to President Donald Trump expressing concern that the Mexican government is threatening U.S. energy companies' investments and market access, as well as undermining a regional trade deal.

U.S. natgas futures ease on forecasts for less demand in November

U.S. natural gas futures eased on Friday on forecasts for less demand in early November when expected gas price increases will cause power generators to burn more coal and less gas to produce electricity. That decline came despite the continued rise in liquefied natural gas (LNG) exports and a slowdown in output, which boosted prices to a 20-month high earlier this week. Front-month gas futures fell 3.2 cents, or 1.1%, to $2.975 per million British thermal units (m

UPDATE 2-U.S. natgas holds near 20-month high on small storage build, rising LNG exports

U.S. natural gas futures traded within a few cents of a 20-month high on Thursday on a slightly smaller than expected weekly storage build and as liquefied natural gas (LNG) exports keep rising. Gas prices have also soared in recent days as output slowed and on forecasts for colder weather and higher heating demand over the next two weeks. The U.S. Energy Information Administration (EIA) said U.S. utilities injected 49 billion cubic feet (bcf)

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Trump, Biden in final full week of campaigning as virus looms large

President Donald Trump and Democratic challenger Joe Biden on Monday are down to the final full week of campaigning before the Nov. 3 election, as surging coronavirus cases and a COVID-19 outbreak within Vice President Mike Pence's staff keep the focus of the race on the pandemic.