Rising

Natural gas and oil industry fundamentals are improving “in stride” with the global economy, and with rising economic expectations, energy market sentiment remains “relatively positive,” industry consultant Ernst & Young LLP reported Wednesday.

Continued high natural gas inventory levels, enhanced production capabilities and slow consumption growth are expected to keep natural gas prices from rising dramatically in the coming months, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for January.

Continued high natural gas inventory levels, enhanced production capabilities and slow consumption growth are expected to keep natural gas prices from rising dramatically in the coming months, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for January.

Responding to what it said is a rising tide of requests for information about climate change from “individuals and decision makers across widely diverse sectors,” the National Oceanic and Atmospheric Administration (NOAA) is creating a climate service office dedicated to bringing together NOAA’s climate science and service delivery capabilities, Commerce Secretary Gary Locke said Monday.

Responding to what it said is a rising tide of requests for information about climate change from “individuals and decision makers across widely diverse sectors,” the National Oceanic and Atmospheric Administration (NOAA) is creating a climate service office dedicated to bringing together NOAA’s climate science and service delivery capabilities, Commerce Secretary Gary Locke said Monday.

Optimism among North American natural gas and oil producers appears to be rising, with capital expenditures (capex) expected to jump overall by 12% in 2010 to $79 billion, Barclays Capital analysts said in their year-end 2009 survey. The biggest growth will come from an uptick in gas shale drilling.

Optimism among North American natural gas and oil producers appears to be rising, with capital expenditures (capex) expected to jump overall by 12% in 2010 to $79 billion, Barclays Capital analysts said in their year-end 2009 survey. The biggest growth will come from an uptick in gas shale drilling.

Worldwide economic growth is slowly beginning, which is leading to rising demand for petroleum products, but high inventories of energy products will temper prices, especially those for natural gas, Moody’s Investors Service said last week.

Worldwide economic growth is slowly beginning, which is leading to rising demand for petroleum products, but high inventories of energy products will temper prices, especially those for natural gas, Moody’s Investors Service said Tuesday.