LNG

The United States forecasts an increase in natural gas prices for the summer months of 2023 due to inventories narrowing the surplus to the five-year storage average, though would be much lower than last year’s price of almost $8.00 per million British thermal units in some quarters.

Oil prices increased more than 3 percent on expectations the leading crude-producing nations would agree to cut output as the coronavirus continues to depress demand while natural gas and LNG prices remained flat, weighed down by excess supplies.