Prices continued to rise at virtually all points Monday despite a relative dearth of significant heating load. Yes, there were still some forecasts of low temperatures around freezing or less for Tuesday in the Northeast, Upper Plains, Rockies and Alberta, but those are largely taken for granted and lightly regarded in late March.
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Nearly All Points Up on New Heating Load Gains
Prices continued to rise at nearly all points Wednesday as the South began contributing some heating load of its own to what already existed from the Northeast through the Rockies. Temperatures were due to keep falling Thursday in the Northeast and sections of the Midwest, but some moderation was forecast for the Rockies.
March 12, 2009
Anadarko Cuts Capex, Looks to Increase Production
Anadarko Petroleum Corp. expects to cut capital spending 15% to $4-4.5 billion this year, but still expects to see production volumes rise to between 208 million boe and 212 million boe, up from 206 million boe in 2008, the company said last Wednesday.
February 16, 2009
Anadarko Cuts Capital Spending, Looks for Increased Production
Anadarko Petroleum Corp. expects to cut capital spending 15% to $4-4.5 billion this year, but still expects to see production volumes rise to between 208 million boe and 212 million boe, up from 206 million boe in 2008, the company said Wednesday.
February 12, 2009
Most Points Still Rising as Colder Weather Looms
Increases in heating load, with more on the way, combined with the previous day’s 38.1-cent spike by December futures to keep cash prices on the rise at most points Wednesday. Expectations by some analysts of a rather small storage injection report Thursday may have added to the overall bullish mood.
November 6, 2008
Chevron Earnings Up 112%; Domestic Production Down 15.6%
Chevron Corp. Friday posted a 112% rise in quarterly net income, its second straight quarter reporting record high earnings, but saw domestic natural gas production and worldwide production of gas and oil continue to decline.
November 3, 2008
Chevron Earnings Up 112%; Domestic Production Down 15.6%
Chevron Corp. Friday posted a 112% rise in quarterly net income, its second straight quarter reporting record high earnings, but saw domestic natural gas production and worldwide production of gas and oil continue to decline.
November 3, 2008
Cold Weather, Screen Keep Most Points Rising
Prices continued to rise Wednesday at nearly all points as heating load, though getting a bit lighter, remained fairly robust and was joined by prior-day futures support after the November contract rose 6.5 cents Tuesday.
October 30, 2008
Milder Weather Causes Price Drops at All Points
The market had been able to rise in most cases Thursday despite declining cooling load, but it had to face up to the reality of generally weak weather fundamentals Friday. Prices fell by double-digit amounts across the board, and by half a dollar or more at a majority of points. The previous day’s 20.2-cent drop by September futures and the weekend loss of industrial load were additional factors contributing to the cash softness.
August 11, 2008
Like its Peers, Chevron’s Quarterly Output Down
Chevron Corp. Friday posted a 11% rise in quarterly net income thanks to high commodity prices, but like its peers, the California-based major failed to gain any ground on the production side.
August 4, 2008
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