Natural gas futures climbed to an eight-week high in New York on speculation that government data today will show that inventories of the fuel rose by less than average last week, leaving supplies at an 11-year seasonal low.
South Sudan fired its army chief as deepening violence in the world’s newest nation sparked international outrage and dimmed prospects for a pickup in oil production that’s the country’s main source of revenue.
Air Liquide SA, the world’s second- largest industrial gas company, reported a 1 percent increase in first-quarter sales as demand in Asia, Pacific and the Americas offset the impact of currency fluctuations.
Technip SA, Europe’s largest oilfield-services provider by market value, said first-quarter profit fell 42 percent after starting a manufacturing facility in Brazil and completing projects in the Gulf of Mexico.
Williams Cos. halted natural gas supplies to interstate pipelines from its Opal plant in Wyoming, a major processing point and pricing hub for the fuel in the western U.S., after an explosion that triggered a town-wide evacuation. Prices rose in New York.
Canadian investors are pulling money out of exchange-traded funds for a second year as concern grows that a rally in energy and mining that helped drive equities to the best performance among the world’s largest markets has run its course.