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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, 2011Price Oil Advance near 83USD Natural gas spot prices fall
Oil prices rose to near $83 a barrel Monday in Asia after Ireland agreed to a massive bailout of its troubled banking sector, stemming investor fears that a debt crisis could spread across Europe. The natural gas rotary rig count, as reported November 12 by Baker Hughes Incorporated, remained flat at 955 units, representing a [...]
Monday, November 22nd, 2010