Plunging

UK-Based Retail Energy Firm Moves into California

Pittsburgh-based retail energy provider Direct Energy is plunging into the retail natural gas market in California, going after all sizes of commercial and industrial customers to add to its residential mix.

April 5, 2013

Eastern ‘Snowmageddon’ Fails to Spike Futures

Despite the fact that much of the midwestern and eastern parts of the country are plunging into the season’s second cold freeze, natural gas futures traders appeared unmoved Friday as the March contract bounced back and forth before closing the regular session at $5.515, up 9.9 cents from Thursday’s finish and 38.4 cents from the previous week’s close.

February 8, 2010

Eastern ‘Snowmageddon’ Fails to Spike Futures

Despite the fact that much of the midwestern and eastern parts of the country are plunging into the season’s second cold freeze, natural gas futures traders appeared unmoved Friday as the March contract bounced back and forth before closing the regular session at $5.515, up 9.9 cents from Thursday’s finish and 38.4 cents from the previous week’s close.

February 8, 2010

E&P 3Q Profits May be Strong, but Future Still Murky

Even in an environment of plunging oil and natural gas prices, a credit crisis and an uncertain stock market, the energy sector has begun to unveil strong 3Q2008 earnings. The announced profit gains, however, could take a back seat to the quarterly conference calls, in which executives already have begun to hint at their exploration and production (E&P) plans — and possible cutbacks — for the coming year.

October 27, 2008

Deutsche Bank Offers Sober Assessment of Gas Markets through 2009

The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.

October 27, 2008

Deutsche Bank Offers Sober Assessment of Gas Markets through 2009

The dramatic tightening of money and credit markets, combined with plunging equity markets over the last few weeks, have exposed natural gas, oil and other commodities to “major downside risks,” a Deutsche Bank analyst said Friday.

October 27, 2008

E&P 3Q Profits May be Strong, but Future Still Murky

Even in an environment of plunging oil and natural gas prices, a credit crisis and an uncertain stock market, the energy sector is preparing to unveil what should be strong 3Q2008 earnings over the coming few weeks. The announced profit statements, however, could take a back seat to the quarterly conference calls, in which executives likely will hint at their exploration and production (E&P) plans — and possible cutbacks — for the coming year.

October 22, 2008

Xcel Texas Fuel Costs Decrease, Rate Hike Coming

Plunging wholesale natural gas prices since mid-summer will allow Xcel Energy to lower its retail electric utility charges in Texas at the outset of winter, but other factors will offset those savings longer term, the Minneapolis-based utility holding company said. Unrecovered higher fuel costs from last winter and spring, along with a pending general rate increase request, may raise retail power rates later next year.

October 14, 2008

Transportation Notes

As hinted by Thursday’s plunging prices at Florida Gas Zone 3 and the Florida citygate, Florida Gas Transmission lifted Friday an Overage Alert Day that had been initiated last Monday.

August 27, 2007

Futures Remain Range-Bound Following 132 Bcf Storage Withdrawal

After plunging lower Thursday morning to temporarily threaten the psychological $7 level following the Energy Information Administration’s (EIA) 132 Bcf storage withdrawal report, April natural gas rebounded later in the session to settle at $7.288, down 1.2 cents from Wednesday.

March 2, 2007
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