Latest news with #energyprices

Aluminium producer Norsk Hydro's second-quarter core profit beats expectations

Yahoo

19 hours ago

Business
Yahoo

Aluminium producer Norsk Hydro's second-quarter core profit beats expectations

(Reuters) -Norwegian aluminium producer Norsk Hydro reported a 33.4% rise in second-quarter core profit on Tuesday, helped by higher aluminium and energy prices and internal gains. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 7.79 billion Norwegian crowns ($765.9 million) in the April-June period from 5.84 billion crowns a year earlier. Analysts on average had expected it to report a core profit of 7.30 billion crowns, according to a company-compiled consensus. The return of U.S. tariffs on aluminium has roiled trade flows and pushed physical market premiums to record highs, amplifying cost pressures for American buyers and redrawing global supply lines. ($1 = 10.1712 Norwegian crowns) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

European Gas Prices Hold Near Two-Week Low Amid Ample Supply

Bloomberg

2 days ago

Business
Bloomberg

European Gas Prices Hold Near Two-Week Low Amid Ample Supply

European natural gas prices held near a two-week low as traders assessed an ample supply outlook after recent disruptions subsided. Benchmark futures hovered below €34 a megawatt-hour after losing 5.5% last week. While liquefied natural gas imports have eased from this year's highs, they remain far above 2024 levels, providing a steady flow of fuel to the region.

Wall Street Journal

13-07-2025

Business
Wall Street Journal

U.S. Natural Gas Futures Post Third Straight Weekly Loss

1505 ET – U.S. natural gas futures give up early gains and settle lower, falling for a third consecutive week. The profit-taking in recent weeks after prices got close to $4/mmBtu has been overdone, says longtime natural gas trader John Woods. 'We still have a lot of summer left, August, half of July, September. And you're not selling $3.25 gas unless you're saying to yourself summer's over.' With the market heavily influenced by short-term weather bursts, futures could get back above $4, he says. At the same time, 'if we got cooler-than-normal temperatures across the U.S. we could get below $3, but not aggressively.' Nymex natural gas settles down 0.7% at $3.314/mmBtu for a 2.8% weekly loss. ( 1141 ET – Energy prices are still far below levels producers say they need before they substantially increase activity, the Federal Reserve Bank of Kansas City's quarterly survey finds. Energy firms surveyed by the bank, on average, said they need to see oil at $83 a barrel and natural gas at $5.01 per million British thermal units before they significantly ramp up drilling. But the average expected price for West Texas Intermediate crude was $67 a barrel in one year and $79 a barrel in five years, while the average expected Henry Hub natural-gas prices were $3.76 and $4.71 per million Btu, respectively, according to the survey. WTI futures, the U.S. crude benchmark, were recently up 2.8%, to $68.46 a barrel, while natural-gas futures rose 1.7%, to $3.42 per million Btu. (

APA curtails US natgas and NGL production in second quarter on weak prices

Reuters

09-07-2025

Business
Reuters

APA curtails US natgas and NGL production in second quarter on weak prices

July 9 (Reuters) - APA Corp (APA.O), opens new tab said on Wednesday it curtailed about 10 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 750 barrels per day of U.S. natural gas liquids output during the second quarter due to weak prices. The U.S. oil and gas producer also completed the sale of its New Mexico assets in June, a deal announced in May. APA said the transaction reduced its second-quarter U.S. production by about 1,800 barrels of oil equivalent per day, roughly 33% of which was oil. Net proceeds from the sale, after adjustments and costs, totaled approximately $575 million. APA expects second-quarter average realized natural gas prices in the U.S. to be $1 per thousand cubic feet (Mcf) and $4 per Mcf globally.

Exxon's Results to Show Impact of Weak Energy Prices, Refining Margins, UBS Says