Natural gas prices edge higher

Natural gas prices edged higher but remain rangebound and continue to consolidate. The weather is expected to warmer than normal for the next 2-weeks throughout most of the mid-west and the east coast reducing heating demand. The EIA estimates that US LNG exports hit a record in November.

Natural Gas prices edged higher edging above a downward sloping trend line that comes in near 2.69. Support is seen near the December lows at 2.40. Medium-term momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.

Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Serinus-Energy

More articles like this

Serinus Energy

Oil prices rise on shrinking US crude inventories

Oil prices rose in early trade on Thursday as shrinking U.S. crude inventories signalled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year. Brent crude

Serinus Energy

Angola’s oil production history and future prospects

Angola’s rich history of oil production – dating back to its first commercial discovery in 1955 – has been a cornerstone of the nation’s economic development, with the sector accounting for 75% of the government’s revenue.

Serinus Energy

Asian trade sees Oil Prices rise on tightening Supply

Oil prices ticked up in Asian trade on Monday, extending gains from last week of nearly 4% on the view that supply was tightening, with the risks heightened by further attacks on Russian energy infrastructure. Brent

Serinus Energy

Serinus Energy publishes 2023 Annual Financial Results

Serinus Energy plc (LON:SENX) has announced its Annual Financial Results for 2023. 2023 HIGHLIGHTS FINANCIAL ·       Revenue for the year ended 31 December 2023 was $17.9 million (2022 – $49.3 million) ·       Cash generated from operations for the year

Serinus Energy

Oil prices rise on Middle East geopolitical tensions

Oil prices rose in Tuesday trade as geopolitical tensions in the Middle East continued to spur concern, but gains were limited on bearish demand sentiments and as the market waited for monthly reports from oil agencies.

Serinus Energy

Oil up as OPEC+ cuts override China, US demand concerns

Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns in China and the U.S., the world’s two biggest crude consumers.