Brazilian state-run oil company Petrobras will cut natural gas prices by an average 11.1% starting Feb. 1, it said Jan. 10 on its website.
Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates.
Recommended Reading
US NatGas Prices Slide 2% as Mild Weather Keeps Storage Injections High
2024-11-07 - U.S. natural gas futures have fallen on forecasts for weather to remain mild through late November.
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
2025-01-02 - U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Baker Hughes: US Drillers Cut Oil, Gas Rigs for First Time in Four Weeks
2024-11-15 - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks.
NatGas Pundits Pitch Fossil Fuel Reliability to Meet Needs of Big Tech
2024-11-13 - Executives from CNX Resources, AMP and Hines say natural gas has what it takes to meet growing electricity needs of data centers.
LNG, Crude Markets and Tariffs Muddy Analysts’ 2025 Outlooks
2024-12-12 - Energy demand is forecast to grow as data centers gobble up more electricity and LNG liquefaction capacity comes online in North America, but gasoline demand may peak by 2025, analysts say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.