Fading oil and natural gas liquids (NGL) prices, butting into subdued world economic conditions, point to slower exploration and production (E&P) growth for the next two years, according to Moody’s Investors Service.
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Moody’s: Slower E&P Growth through 2013
Fading oil and natural gas liquids (NGL) prices, butting into subdued world economic conditions, point to slower exploration and production (E&P) growth for the next two years, according to Moody’s Investors Service.
Spreading Cold Keeps Most Cash Prices Rising
A moderate majority of points were up again Tuesday as a mix of rain and snow is expected to move into the Northeast and parts of the Mid-Atlantic before fading Thursday, and except for the eastern end of the South most regions can expect bottom-end temperatures ranging from the vicinity of freezing to much lower. Monday’s 12.3-cent screen dive had only a moderate impact on the softening locations.
Price Moves Up and Down Nearly Evenly Mixed
The hot weather that had helped sustain moderate price increases during the previous two days was either already fading to some degree or about to do so in key northern market areas Thursday. The result was mixed price movement in trading for Friday flows, with mostly modest gains and losses close to evenly divided.
Long Weekend, Weather Cited in Drops at All Points
With the post-weekend burst of cold in much of the East expected to begin fading Wednesday in some sections and relatively moderate conditions expected during the Thanksgiving holiday weekend, prices fell at all points Tuesday. The 40.8-cent expiration-day spike by December futures a day earlier proved unable to sustain the post-weekend rally in most of the cash market.
Alberta Passing NOVA Regulatory Torch to NEB
A bygone era of fierce economic independence is fading into history as Canada’s main natural gas-producing province, acting in the name of industrial efficiency, quietly allows a once-unthinkable transfer of jurisdiction to the federal government.
Alberta Passing NOVA Regulatory Torch to NEB
A bygone era of fierce economic independence is fading into history as Canada’s main natural gas-producing province, acting in the name of industrial efficiency, quietly allows a once-unthinkable transfer of jurisdiction to the federal government.
All Points Fall as Weekend Cold Blast Recedes
With heating load fading again after a weekend surge that was relatively light outside the Northeast, prices dropped by double-digit amounts at all points Monday. The softness was exacerbated by the previous Friday’s 34.6-cent decline by expiring March futures. And the double whammy of milder weather and a half-dollar-plus dive Monday by the screen in the April contract’s prompt-month debut should serve to keep first-of-March daily prices on the run Tuesday.
Prices Fall at All Points Along With Heating Load
Acknowledging that most of the recent cold snap was fading except in the Northeast, prices fell across the board Wednesday by major amounts (except for a drop of only a nickel or so at Transco’s non-New York City Zone 6 pool). Although sources said the declines primarily were weather-based, Tuesday’s screen downturn of almost 26 cents also had some influence.
Most Cold-Related Pipe Constraints Fading; Freeze-Offs Reported
With warming trends developing, several pipelines either had already canceled holiday restrictions that had been in effect over the long holiday weekend due to cold weather or were in the process of doing so. However, a few constraints were still in place Monday. Wellhead freeze-offs were reported in a couple of areas but did not affect deliveries.