Rebound

Investment in Canadian oil and natural gas will start recovering this year from its 57% collapse driven by weak commodity prices and pipeline project setbacks during 2015-19, predicted the industry’s chief trade association.

Cheap U.S. natural gas contributed to a decision by European steelmaker Voestalpine AG to site a new plant outside of Corpus Christi, TX.

Staging a partial rebound from Friday’s 17.8-cent drop, October natural gas futures following the long Labor Day weekend gained back 6.6 cents to close Tuesday’s regular session at $3.938. The November contract enjoyed much the same ride by moving 5.3 cents higher to $4.043 following Friday’s 17.6-cent drubbing.

In reporting a rebound in profits quarter-over-quarter after a loss in last year’s second quarter, Southwest Gas Corp. CEO Jeffrey Shaw said there are some faint signs in Nevada and Arizona that the worst of the recession has now passed.

After slumping the last two days, natural gas cash market averages across the country staged a meager rebound on Thursday for Friday delivery despite the fact that futures prices continued to decline.

U.S. natural gas prices would need to rebound to $5.50/MMBtu or higher, or coal-to-gas switching “is here to stay,” according to a report by Tudor, Pickering, Holt & Co. Inc. (TPH).

U.S. natural gas prices would need to rebound to $5.50/MMBtu or higher, or coal-to-gas switching “is here to stay,” according to a report by Tudor, Pickering, Holt & Co. Inc. (TPH).

A rebound in U.S. natural gas prices? That could be the “biggest surprise” later this year, FBR Capital Markets analysts said Thursday.

A rebound in U.S. natural gas prices? That could be the “biggest surprise” later this year, FBR Capital Markets analysts said last week.