May natural gas futures continued on their downward spiral Thursday following the release of government inventory data that showed a withdrawal far less than what the industry was expecting.
Downward
Articles from Downward
U.S. Gas Consumption from Imports Down to 11.1% in 2010
Natural gas exporters, led downward by Canadians, lost nearly one-third of their market share in the United States over the past three years, according to new trade data from the U.S. Department of Energy.
March 31, 2011
Correction
In the article “IEA Official: Shale Will Exert Downward Pressure on Gas, Oil Prices” (see Daily GPI, Feb. 4), NGI incorrectly attributed comments made by International Energy Agency (IEA) Deputy Executive Director Richard Jones to Jim Burkhard, who was also misidentified as IEA’s managing director. Burkhard is the managing director of Cambridge Energy Research Associates. NGI regrets the errors.
February 9, 2011
IEA Official: Shale Exerting Downward Pressure on Gas, Oil Prices
Acceleration of shale natural gas development not only has lowered the price of natural gas but will exert downward pressure on the price of crude oil, said an official with the International Energy Agency (IEA) Thursday.
February 7, 2011
IEA Official: Shale Will Exert Downward Pressure on Gas, Oil Prices
Acceleration of shale natural gas development not only has lowered the price of natural gas but will exert downward pressure on the price of crude oil, said an official with the International Energy Agency (IEA) Thursday.
February 4, 2011
Alaska Wilderness More Gas-Prone, Says USGS
The U.S. Geological Survey (USGS) last week sharply revised downward its estimate of conventional, undiscovered oil within the National Petroleum Reserve in Alaska (NPRA) after “recent exploration drilling” revealed “gas occurrence rather than oil in much of NPRA.”
November 1, 2010
NPRA Drilling Indicates Region More Gas-Prone, Says USGS
The U.S. Geological Survey (USGS) on Tuesday sharply revised downward its estimate of conventional, undiscovered oil within the National Petroleum Reserve in Alaska (NPRA) after “recent exploration drilling” revealed “gas occurrence rather than oil in much of NPRA.”
October 27, 2010
Analyst Suggests Hefty Storage Build; November Down Double Digits
November natural gas futures continued their downward march Monday as traders focused on unsupportive weather conditions and expectations of another hefty shoulder-season addition to inventories. At the close November posted a 10.4 cent loss to $3.431 and December shed 5.5 cents to $3.870.
October 19, 2010
Futures Values Inch Downward Ahead of Storage Report
An ample supply of gas, moderating temperatures and the lack of threatening tropical weather activity continues to put downward pressure on natural gas futures prices, according to Gene McGillian, an analyst with Tradition Energy. On Wednesday the September contract declined by 2.8 cents to close at $4.239.
August 19, 2010
BP Shares Take Another Beating
As BP plc was expected to cut its dividend, shares in the company continued their downward slide Wednesday. While BP continued to cite its large cash reserves and viability, some analysts were speculating that the company would declare bankruptcy.
June 10, 2010
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