U.S. Gas Companies Gain from Global LNG Price Gap

The United States has a lot of natural gas that is cheaper than the gas sold in Europe and Asia.

Because of this, U.S. companies that sell gas, like Venture Global and Cheniere Energy, can make more money.

Big oil companies such as ExxonMobil and Chevron also benefit because they use gas in their refineries.

The price difference might get bigger if the war in Ukraine continues and people need more heating in winter.

But if gas from the Middle East comes back to normal, the price gap could shrink.

Meanwhile, the Federal Reserve kept interest rates steady, which made investors nervous and pushed Treasury yields up.

Tech companies had mixed earnings, with Microsoft doing well and Meta not so well, which helped lift stock futures.