Natural gas futures climb

As traders continued to try to price in a hot mid-June pattern, albeit with updated forecasts showing heat easing later in the month, natural gas futures were modestly higher in early trading Wednesday. The July Nymex contract was up 5.3 cents to $9.346/MMBtu at around 8:50 a.m. ET.

The American and European weather models maintained “impressively hot” temperatures over the Lower 48 for next week in their overnight runs, according to NatGasWeather. However, models eased back on the amount of heat projected for the East during the June 18-22 time frame, resulting in a drop in cooling demand expectations, the firm said.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Touchstone Exploration

More articles like this

Touchstone Exploration

Touchstone Exploration maximise energy potential

Touchstone Exploration’s expanding exploration portfolio boasts 137,312 acres, with strategic assets such as Ortoire and Cipero holding significant potential for energy resources and long-term growth.

Touchstone Exploration

Touchstone Exploration advances growth in Trinidad

Touchstone Exploration solidifies its position in Trinidad’s energy sector with the recent acquisition of the Rio Claro block through its subsidiary, Primera Oil and Gas. Exciting new opportunities await.