Charts

News This Week :

A report commissioned by the Energy Information Administration (EIA) estimates that technically recoverable shale natural gas resources in the United States are as much as 750 Tcf.

With a little help from triggering technical support on the charts, May natural gas futures values shot higher in Thursday morning trade following news from the Energy Information Administration (EIA) that only 12 Bcf was injected into underground storage for the week ending March 26.

With a little help from triggering technical support on the charts, May natural gas futures values shot higher in Thursday morning trade following news from the Energy Information Administration (EIA) that only 12 Bcf was injected into underground storage for the week ending March 26.

Total U.S. energy use in 2008 was an estimated 99.2 quadrillion Btu, down 2.3% from 101.5 quadrillion Btu in 2007, according to energy flow charts released last week by the Lawrence Livermore National Laboratory (LLNL).

Total U.S. energy use in 2008 was an estimated 99.2 quadrillion Btu, down 2.3% from 101.5 quadrillion Btu in 2007, according to energy flow charts released Monday by the Lawrence Livermore National Laboratory (LLNL).

With natural gas futures recording a small rebound Tuesday, traders were debating whether the market had seen a bottom on the charts or just another round of short-covering before testing even lower depths. As expiration loomed one day away, the September contract on Tuesday traded between $5.425 and $5.720 before closing at $5.593, up 21.3 cents from Monday.

Producer earnings topped the charts last week, with most of the majors and leading independents with stellar profits. Most analysts, however, were not impressed because of lower production numbers among the majors. Many of the majors reported double digit earnings gains from a year ago: ExxonMobil Corp., 44%, Royal Dutch/Shell Group, 42%, Unocal, 69%, but they also reported less worldwide production across the board.

With Hurricane Ivan now seriously threatening Gulf of Mexico production, natural gas futures jumped off the charts Monday morning in preparation for the possibility of prolonged natural gas and oil rig shut-ins.