Negative

Although some cooling toward mid-April has added demand to the outlook, natural gas futures were trading slightly lower early Wednesday as deficits were set to shrink over the next few weeks. The May Nymex futures contract was off 1.1 cents to $2.673/MMBtu shortly after 8:30 a.m. ET.

Chesapeake Energy Corp.’s credit rating was upgraded last week by Moody’s Investors Services to “stable” from “negative” because of progress made to reduce capital spending (capex) and improve liquidity.

Chesapeake Energy Corp.’s credit rating was upgraded on Tuesday by Moody’s Investors Services to “stable” from “negative” because of progress made to reduce capital spending (capex) and improve liquidity.

Chesapeake Energy Corp.’s credit rating was upgraded on Tuesday by Moody’s Investors Services to “stable” from “negative” because of progress made to reduce capital spending (capex) and improve liquidity.

If left unaddressed, pipeline shortfalls will put Canada’s oil industry at risk and will have “substantial negative impact” on the country’s economy, according to a report issued by the Canada West Foundation (CWF).

The Environmental Protection Agency (EPA) has issued an interim update of 18 studies that have been undertaken in its multi-year review of the potential risks of hydraulic fracturing (fracking) of shale gas wells on public drinking water.

Barring a “severe negative turn” in the global economic outlook, the outlook for oil and gas projects in the U.S. Gulf of Mexico (GOM) appears to be positive with gains across all of the major market sectors, according to Quest Offshore.

Barring a “severe negative turn” in the global economic outlook, the outlook for oil and gas projects in the U.S. Gulf of Mexico (GOM) appears to be positive with gains across all of the major market sectors, according to Quest Offshore.

Environmental groups on Tuesday filed a lawsuit in California claiming that state regulators had failed to “consider or evaluate” the risks of hydraulic fracturing (fracking) as required by the California Environmental Quality Act (CEQA).