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U.S. natural gas futures edged up about 1% to a two-week high on Friday on recent declines in daily output and forecasts power generators will burn a lot more gas in late June to meet rising electric use as homes and businesses crank up their air conditioners to escape an expected coming heat wave. Traders said that price increase, which puts the contract ...
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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...