Natgas firms rise on small storage build, lower output

Tellurian

16/05/2024 15:57

** Shares of natural gas companies gain, as natgas futures
 NGc1  rise 3.3%
    ** U.S. natural gas futures climb about 3% to a 15-week high
on a smaller-than-expected storage build and another drop in
output NGA/ 
    ** Producers CNX Resources  CNX.N  and EQT  EQT.N  up 0.7%
and 2.2%, respectively
    ** LNG firm Tellurian  TELL.A  rises 3.2% 
    ** ETFs United States Natural Gas Fund  UNG.P  and ProShares
Ultra Bloomberg Natural Gas  BOIL.P  up 3.7% and 5.7%,
respectively

 (Reporting by Roshia Sabu in Bengaluru)
 ((Roshia.Sabu@thomsonreuters.com))