After putting in a high of $6.232 in Tuesday morning trade, February natural gas futures slunk lower for the remainder of the regular session, recording a low of $5.865 before settling at $5.983, down 8.9 cents from Monday’s finish. Despite the decline, some market experts said the lows could already be in and that bulls could finally be coming to power with the support of colder weather and larger gas storage withdrawals.
Putting
Articles from Putting
ConocoPhillips, Devon Delay Announcing Spending Plans Until January
Citing “uncertainties” in the marketplace ConocoPhillips and Devon Energy Corp. both have announced in the last two days that they will be putting off revealing 2009 capital spending plans until the new year. Both companies have previously announced their budget and spending plans in December for the following year.
November Expires Higher as Traders Question the ‘Bottom’
Riding the bullish momentum that was introduced Tuesday, November natural gas futures roared higher on expiration Wednesday, putting in a high of $6.580 before going off the board at $6.469, up 28.3 cents from Tuesday’s close. Picking up the mantle as front-month contract, December futures added 36.2 cents on the day to finish at $6.778.
Gloom Is Fading in Canada’s Energy Patch
Canadian natural gas exporters, putting formerly negative currency and price trends behind them, are marching back into positive income and drilling territory, government and industry records show.
Gloom Is Fading in Canada’s Energy Patch
Canadian natural gas exporters, putting formerly negative currency and price trends behind them, are marching back into positive income and drilling territory, government and industry records show.
House Deals Another Blow to Weaver’s Cove LNG Project
The House Wednesday passed legislation (HR 415) that calls for the Taunton River in southeast Massachusetts to be designated as a Wild and Scenic Rivers system, putting another roadblock in the path of the embattled Weaver’s Cove Energy liquefied natural gas (LNG) project.
FERC: Gas ‘Crucial’ to Meet Growing Generation Needs
Higher fuel prices, increased capital costs and uncertainty about climate policy are putting upward pressure on electric power prices at a time when substantial new investment in generation is needed — and natural gas will be the bridge fuel to new power generation resources for the near term, according to Charles Whitmore of FERC’s Office of Enforcement.
FERC: Gas ‘Crucial’ to Meet Growing Generation Needs
Higher fuel prices, increased capital costs and uncertainty about climate policy are putting upward pressure on electric power prices at a time when substantial new investment in generation is needed — and natural gas will be the bridge fuel to new power generation resources for the near term, according to Charles Whitmore of FERC’s Office of Enforcement.
Lone Holdout Citigroup Settles With Enron Creditors
In a step that moves Enron Corp. a big step forward in putting its past behind it, Citigroup Inc. agreed to pay $1.66 billion and give up an estimated $4.25 billion in claims to settle a six-year-old lawsuit with creditors over the bank’s alleged role in the energy trader’s demise.
Lone Holdout Citigroup Agrees to Settle With Enron Creditors
In a step that moves Enron Corp. a big step forward in putting its past behind it, Citigroup Inc. agreed to pay $1.66 billion and give up an estimated $4.25 billion in claims to settle a six-year-old lawsuit with creditors over the bank’s alleged role in the energy trader’s demise.