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Natural Gas Prices Trading in US Dollar
Natural gas prices have been trading at around $3.50 per unit, reflecting the soaring storage build to about 3.85 trillion cubic feet thanks to more moderate temperatures and heating demand in November. Natural gas prices remain cheap, but speculative forces, coal switching and cooler weather should stem near-term selling and lead to a recovery over [...]
Monday, December 12th, 2011US Short Term Energy Outlook
Energy outlook, EIA expects the U.S. average refiner acquisition cost of crude oil to remain relatively flat, averaging about $100 per barrel in 2011 and 2012. The value of West Texas Intermediate (WTI) benchmark crude oil was about $11 per barrel below the U.S. refiner acquisition cost of crude oil in the third quarter of [...]
Wednesday, November 30th, 2011Drilling Update International Oil and Gas Exploration Circle Oil PLC
Circle Oil Plc the international oil and gas exploration, development and production company, is pleased to announce that the KSR-11 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Rharb Basin, Morocco. The Company confirms a gas discovery in the Main Intra Hoot target and secondary targets available for future testing [...]
Monday, April 18th, 2011