Geopolitical Stability
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US Embassy in Riyadh Attacked, Iran Steps Up Strikes
Bloomberg Television· 2026-03-03 13:37
Now let's talk to you about the latest developments as well in terms of what has just happened. Two drones have struck near the U.S. embassy in Riyadh, pulling Saudi Arabia into a widening conflict amongst Iran, the U.S. and Israel, and prompting President Trump to vow retaliation. Speaking to News Nation, President Donald Trump said the US will hit back, but says it remains unlikely he will put boots on the ground.It comes as the UAE and Qatar are privately lobbying allies to help persuade Trump to reach f ...
U.S. Natural Gas Futures Steady After EIA Reports 144 Bcf Storage Withdrawal; Rubio Signals Firm Gaza Strategy
Stock Market News· 2026-02-19 16:08
Natural Gas Market Overview - The U.S. Energy Information Administration (EIA) reported a domestic natural gas storage withdrawal of 144 billion cubic feet (Bcf) for the week ending February 13, 2026, which was slightly lower than the expected 149 Bcf draw [2][9] - Natural gas futures experienced a modest increase of approximately 0.4% following the report, as the data was largely in line with market expectations despite ongoing winter demand [3][9] - The total storage deficit remains at about 123 Bcf compared to the five-year average, although strong production levels averaging around 110.2 Bcf/d are limiting price increases [4][9] Production and Supply Dynamics - U.S. dry natural gas production has been robust, averaging around 110.2 Bcf/d, which is helping to offset the storage deficit [4] - Feedgas nominations for liquefied natural gas (LNG) terminals are strong, with figures around 19.3 Bcf/d, indicating healthy demand for LNG exports [4] Geopolitical Context - U.S. Secretary of State Marco Rubio emphasized that there is "no Plan B for Gaza," highlighting the administration's commitment to its current diplomatic framework as essential for regional stability [5][6] - The U.S. is leading an international initiative to establish a stabilization force and a $5 billion reconstruction fund for Gaza, which is being closely monitored by investors due to its implications for global energy security [6]