Saudi Aramco has reportedly arranged multiple cargos of gas condensate from its $100 billion Jafurah shale gas development, with initial shipments expected to leave by month-end, according to trade sources cited by Reuters. The deals, involving U.S. buyers Chevron and Exxon and India’s Indian Oil Corp, reinforce expectations for rising associated supply that could influence both Oil – US Crude and Natural Gas benchmarks over time.
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Over the past month, U.S. crude futures have advanced about 8.24%, aligning with a short-term technical stance that currently indicates Buy, suggesting momentum remains skewed to the upside amid tightening supply narratives. In contrast, U.S. natural gas prices have fallen roughly 41.02% in the same period, and the near-term technical signal points to Strong Sell, reflecting persistent bearish sentiment as markets weigh robust production against demand. Investors can explore more updates, prices, and analysis across global markets at Commodities.