Shares of energy companies rose amid gasoline and natural gas shortages worldwide.
The British government was scrambling to find drivers to deliver fuel to gas stations across the country after panic buying over the weekend left long lines of customers waiting to fill their tanks. Panic buying was triggered by media reports last week that a handful of gas stations had to close due to dwindling supplies.
Natural gas prices surged 11% higher to $5.71 per million British thermal units for its highest close since early 2014 and the biggest one-day percentage gain since Feb. 1 of this year, as stockpile data showed shortages in Europe and Asia.
One of China's big state-owned oil companies, Cnooc, plans to raise more than $5 billion from a domestic share sale as it faces a possible delisting of its U.S. securities.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
09-27-21 1633ET
