Energy Headlines

Brazil's Petrobras begins binding phase of Gaspetro sale

Brazilian state-run oil company Petroleo Brasileiro SA has begun the binding phase of the sale of its majority stake in the firm's Gaspetro gas pipeline unit, it said in a securities filing on Friday. (Reporting by Gram Slattery Editing by Chris Reese)

UPDATE 1-U.S. natgas futures rise as hot weather boosts air conditioning demand

U.S. natural gas futures climbed on Friday on forecasts hotter-than-normal weather will keep air conditioners humming through late July. The higher price move comes despite a slow increase in output and a drop in liquefied natural gas (LNG) exports to their lowest since early 2018. Front-month gas futures rose 2.6 cents, or 1.5%, to settle at $1.805 per million British thermal units. For the week, the contract gained about 4%, putting it up

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