The expiring August contract settled unchanged, but more distant contracts eased although analysts viewing a deteriorating price regime remain optimistic and suggest that if prices should somehow surge pass $5 during the hurricane season or later in the fall, it would be a good time to initiate producer hedging. At the close August remained unchanged at $4.370 and September had fallen 1.3 cents to $4.318. September crude oil faltered $2.19 to $97.40/bbl.
Tag / Deteriorating
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Articles from Deteriorating
Weather, Production Decline Trim Canada’s Gas Surplus
Deteriorating production, cold snaps, a switch in drilling targets to oil and strong Alberta industrial demand are cutting down the Canadian natural gas surplus overhanging the North American market.
June 14, 2010
Weather, Production Decline Trimming Canada’s Gas Surplus
Deteriorating production, cold snaps, a switch in drilling targets to oil and strong Alberta industrial demand are cutting down the Canadian natural gas surplus overhanging the North American market.
June 14, 2010
Canadian Output Said on Steady Decline
Deteriorating Canadian natural gas supplies will do their gloomy bit toward drying up the North American gas glut for at least another year, a member of the National Energy Board (NEB) predicted last Wednesday.
November 23, 2009
NEB: All Scenarios Show Canadian Production Decline
Deteriorating Canadian natural gas supplies will do their gloomy bit toward drying up the North American gas glut for at least another year, a member of the National Energy Board (NEB) predicted Wednesday.
November 20, 2009
Senate Panel: Climate Change Could Create Security Crisis
The effects of global climate change, including severe droughts, excessive sea level rise, erratic storm behavior, deteriorating glaciers, pestilence and shifts in agriculture ranges, could increase instability and lead to conflict in already fragile regions of the world, witnesses said during a hearing of the Senate Committee on Foreign Relations in Washington, DC, last Tuesday.
July 27, 2009
Climate Change Seen as Global ‘Threat Multiplier’
The effects of global climate change, including severe droughts, excessive sea level rise, erratic storm behavior, deteriorating glaciers, pestilence and shifts in agriculture ranges, could increase instability and lead to conflict in already fragile regions of the world, witnesses said during a hearing of the Senate Committee on Foreign Relations in Washington, DC, on Tuesday.
July 23, 2009
Bearish Sentiment Persists — but Case for Bulls?
The deteriorating U.S. economy and uncertainty of what lies ahead have prompted fears of a huge reduction in natural gas demand. However, energy analysts are making the case for both the bears and the bulls in 2009.
February 9, 2009
2009 Gas Market Offers Case for Bears — and Bulls
The deteriorating U.S. economy and uncertainty of what lies ahead have prompted fears of a huge reduction in natural gas demand. However, energy analysts are making the case for both bears and bulls in 2009.
February 9, 2009
Another IPO Withdrawn Due to Market Deterioration
Citing deteriorating market conditions, Plains All American Pipeline LP has withdrawn its initial public offering (IPO).
February 12, 2008
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