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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, 2011Exxon Worldwide Oil and Gas Production Decline 4.28 mb per day
Exxon’s oil and gas production declined by 3.8 percent during July-September period is equivalent to 4.28 million barrels of crude per day, the company Irving, Texas-based said yesterday in a statement. That is the lowest output since the second quarter of last year and the biggest drop since 2008. Exxon, the world’s largest company by [...]
Friday, October 28th, 2011Natural Gas Future Climb as Government Show US Stockpiles Increase
Natural gas futures climbed for the second time in three days in New York after a government report that showed U.S. stockpiles increased less than expected last week prompted speculation that output growth may slow. Gas gained 0.3 percent after inventories rose 70 billion cubic feet in the week ended May 6 to 1.827 trillion [...]
Friday, May 13th, 2011