The market for on-site generation on an industrial scale will change over the next five years, but natural gas will remain a major factor even though its proportional share of combined heat/power (CHP) systems will decline, according to a report by Colorado-based Pike Research, “Industrial Distributed Generation.”
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Range Claims Its Rocks Rock
Range Resources Corp. credited its second quarter results to a simple factor: better rocks.
Range Claims Its Rocks Rock
Range Resources Corp. credited its second quarter results to a simple factor: better rocks.
Tropical System Upgraded; July Expiration Upbeat
July natural gas futures expired on a firm note Tuesday as traders had to factor in a slightly higher weather premium as a tropical system was upgraded and near-term weather forecasts called for warm temperatures. At the close July natural gas rose 10.1 cents to $4.357 and August added 9.0 cents to $4.354. August crude oil surged $2.28 to $92.89/bbl.
U.S. Shale Reshaping Global Gas Market, Says BP
The United States in 2010 continued to lead the world in natural gas production, boosted by massive shale deposits, according to the latest statistical review by BP plc.
Nuclear Losses, Strong Inventory Figures Continue to Lift Futures
Natural gas futures rose Friday as traders attempted to factor in the loss of generation from the Browns Ferry nuclear plant and continued bullishness derived from Thursday’s inventory report. At the close June had risen 12.7 cents to $4.698 and July was up 12.8 cents to $4.761. June crude oil added $1.07 to $113.93/bbl.
Traders Mull Thursday’s Inventory Report; April Gains Again
April futures scored another impressive gain Wednesday as traders attempted to factor in a late-season bout of cold weather that is expected to have little long-term impact on inventories. At the close April futures had posted a gain of 8.1 cents to $4.335 and May added 8.1 cents as well to $4.412. May crude oil gained 78 cents to $105.75/bbl.
Weather Model Moderation, Technical Selling Pound Futures Again
February natural gas futures made it two days in a row of double-digit losses as traders were forced to factor in weather forecasts based on computer model runs showing less agreement than previously seen and concerted technical selling. At the close February tumbled 10.7 cents to $4.473 and March shed 10.8 cents to $4.490. March crude oil also continued its losing ways, dropping $1.68 to $86.19/bbl.
NOAA, Bastardi See Regional Split in Winter Weather Forecasts
A continuing La Nina event off the west coast of South America will be the dominant factor influencing weather across most of the United States this winter, bringing colder- and wetter-than-usual conditions to the Pacific Northwest and northern Plains, while much of the Southeast, Gulf Coast, Southwest and California will experience decidedly non-winter weather, according to a pair of forecasts issued separately Thursday.
NOAA, Bastardi See Regional Split in Winter Weather Forecasts
A continuing La Nina event off the west coast of South America will be the dominant factor influencing weather across most of the United States this winter, bringing colder- and wetter-than-usual conditions to the Pacific Northwest and northern Plains, while much of the Southeast, Gulf Coast, Southwest and California will experience decidedly non-winter weather, according to a pair of forecasts issued separately Thursday.