Capping

EPA Backs Off Investigations, Delays Frack Rules

Capping off a string of regulatory actions that have been favorable to the oil and natural gas industry — and somewhat embarrassing to the Environmental Protection Agency (EPA) — the regulator last week delayed the release of final air pollution standards for hydraulic fracturing (fracking).

April 9, 2012

Air Pollution Rules for Fracking Delayed; ‘EPA Has Egg on Its Face’

Capping off a string of regulatory actions that have been favorable to the oil and natural gas industry — and somewhat embarrassing to the Environmental Protection Agency (EPA) — the regulator has said it will delay the release of final air pollution standards for hydraulic fracturing (fracking) for two weeks.

April 4, 2012

Air Pollution Rules for Fracking Delayed; EPA Backing Off Investigations

Capping off a string of regulatory actions that have been favorable to the oil and natural gas industry — and somewhat embarrassing to the Environmental Protection Agency (EPA) — the regulator has said it will delay the release of final air pollution standards for hydraulic fracturing (fracking) for two weeks.

April 4, 2012

GOP Efforts to Water Down Derivatives Reform Defeated

Capping a full day of debate on the financial regulatory reform bill Wednesday, the Senate fought back Republican efforts to strike a provision that would force large banks and financial institutions to spin off their lucrative derivatives business.

May 14, 2010

Futures Hover Near $9 Following Supportive Storage Withdrawal

Capping off a topsy-turvy holiday-shortened week of natural gas futures trading, the April contract attempted to work lower Thursday morning before being propped up by a fairly supportive 85 Bcf storage withdrawal report. The prompt-month contract put in a low of $8.700 before settling at the $9.065 high on the day, up 4.1 cents from Wednesday, but 81.3 cents lower than the previous week’s finish.

March 24, 2008

Key Vote Wednesday on Contentious House Energy Bill

Capping off two grueling days of markup, Rep. Nick Rahall (D-WV), chairman of the House Natural Resources Committee, announced last Thursday that the “last and most important votes” on his controversial energy policy reform bill (HR 2337) would be delayed for nearly a week — until this Wednesday. The delay offered the energy industry the chance to make one last pitch to committee members to change their minds and votes on a measure that has the potential to significantly impact oil and natural gas supply and prices.

June 11, 2007

Withdrawal of 123 Bcf Gets Lost in the Surplus; Traders Eye March Expiration

Capping off a wild day that included a natural gas storage report and the expiration of March options, March natural gas retested the sub-$7 mark on Thursday only to find that support still resides in the area. Late in the session, the prompt month punched higher on a run of buying, putting in a high of $7.600 before settling at $7.458, up 17.5 cents from Wednesday’s close.

February 24, 2006

Despite New Highs Tuesday, Futures Settle Week Lower

Capping a wild week of trading that saw a new all-time prompt month high and settle, January natural gas futures recorded their third consecutive down day Friday, stamping the week’s overall trend as weak. The prompt month Friday closed out the week at $13.633, down 14.8 cents on the day and 67.9 cents lower than the previous Friday’s close.

December 19, 2005

Futures Remain Below $6 Ahead of Weekend

Capping off a wild week that started Monday with a 28.4-cent futures drop to sub-$6 levels, August natural gas futures decided to take somewhat of a breather Friday, closing up 4.1 cents at $5.887. On Thursday, the prompt month reached its low for the week by trading off to $5.805.

July 19, 2004

Natural Gas Futures Detach from Crude, If Only for a Day

Capping off a wild week of trading that saw wide swings, the June natural gas futures contract finished the week at $6.353, down 4.8 cents from last Friday’s $6.401 close. The big news on Friday was the strength of natural gas, despite a crude futures sell-off.

May 25, 2004
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