A pilot project to demonstrate hydrogen fueling for railway systems is being advanced in a collaboration between units of Chevron Corp., BNSF Railway Co. and Caterpillar Inc. A memorandum of understanding (MOU) to advance the project was clinched by Chevron U.S.A. Inc, BNSF and Caterpillar’s Progress Rail. The demonstration project is designed to “confirm the…
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Futures Move Convincingly Higher Ahead of Storage Data Release
Like a locomotive slowly gaining momentum, the natural gas futures market chugged higher Wednesday as traders lifted the market off early lows in anticipation of a bullish reaction to Thursday’s gas storage report. Although it missed matching Monday’s $5.25 high by a few ticks, the May contract impressed traders with its 8.7-cent advance and $5.195 close.
April 10, 2003
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