Here are some selected news articles from the week ended 17 July 2021. Part 2 is available here.
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Global Economic Intersection every Monday evening or Tuesday morning.
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Natural gas rigs at 15 mo high as prices hit 30 mo high; global oil shortage at 830,000 bpd; DUC backlog at 7.6 months
Natural gas prices ended the week unchanged as strong export demand offset cooler weather and a bearish storage report..after slipping 0.7% to $3.674 per mmBTU last week as weather forecasts moderated over the major gas consuming regions, the contract price of natural gas for August delivery jumped 7.5 cents, or more than 2%,
joining us live to remember some pretty remarkable people giving of their time. jill, thanks. in-house lawmakers are putting their summer vacations on hold to return to washington today. they are taking up a $26 billion measure to avoid teacher layoffs. the senate approved the bill last week. the house is expected to vote on it tomorrow. if it passes, the bill goes to president obama to be signed into law. it is day 112 of the gulf oil disaster and the so-called bottom kill operation is getting close. the relief well to permanently seal the broken well from below the sea floor is expected to be finished by the week s end. bp has now spent $6.1 billion on expenses linked to the clean up. admiral thad allen says that bp did a good job on capping the spill but not on public relations. and a caravan of concerned st. louis residents leaves today on a week-long tour of the gulf. they will spend money to support small businesses in the region.