The US Department of the Interior has proposed changes to regulations governing oil and gas extraction on federal lands. The new approach will allow companies to combine production from multiple sites using a single drilling pad.
Despite growing electricity demand during summer months, China has no plans to increase imports of costly liquefied natural gas (LNG). The Asian country is using cheaper alternatives like coal.
An increase of the indicator value may contribute to the rise in quotes of NG.
According to Baker Hughes' weekly report released on Thursday, US energy companies reduced the number of active oil and gas drilling rigs for the tenth week in a row. The total rig count dropped by 8 to 539.
A decrease of the indicator value may contribute to the rise in quotes of NG, WTI, Brent.
The USD publication is expected
Fed Interest Rate Decision
4.5%
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