Sharply

January natural gas futures fell sharply as traders had to deal with a highly negative employment report. Labor Department figures showed the most jobs lost in 34 years, yet the Dow Jones Industrial Average closed in positive territory following the release of an upbeat forecast by a major insurer. January natural gas fell 27.5 cents to $5.742 and February lost 28.3 cents to $5.767. February crude oil continued its losing ways, dropping $2.86 to $40.81/bbl.

Regency Energy Partners LP, which serves as a platform for GE Energy Financial Services’ growth in the midstream sector, has slashed its 2009 and 2010 growth plans and sharply reduced its planned pipeline infrastructure project for the emerging Haynesville Shale.

Questar Corp. saw sharply improved results during the second quarter as the company continues to shift more of its focus toward the Midcontinent where it expects margins to be stronger than those available in the Rocky Mountain producing region.

Questar Corp. saw sharply improved results during the second quarter as the company continues to shift more of its focus toward the Midcontinent where it expects margins to be stronger than those available in the Rocky Mountain producing region.

July natural gas futures closed sharply higher Monday as weather forecasters called for normal to above-normal temperatures across the country. Traders noted a strong technical feature to the market and said they expect a settlement above $13 this week. At the close July had added 30.8 cents in rising to $12.933 and August futures gained 30.9 cents to $13.037. July crude oil eased 25 cents to $134.61/bbl.

El Paso Corp. Thursday said it is on track to post “sharply higher” full-year earnings than originally forecast following a solid quarterly performance from its natural gas pipeline and exploration businesses.

El Paso Corp. said it is on track to post “sharply higher” full-year earnings than originally forecast following a solid quarterly performance from its natural gas pipeline and exploration businesses. The company also remains “optimistic” about its Ruby Pipeline project, which would carry Rocky Mountain gas to the West Coast, but it is “not committed yet,” the pipeline chief said Thursday.

The Energy Information Administration (EIA) in its Short-Term Energy Outlook for February sharply downsized its prior projection for imports of liquefied natural gas (LNG) into the United States during 2008.

The Energy Information Administration (EIA) in its Short-Term Energy Outlook for February has sharply downsized its prior projection for imports of liquefied natural gas (LNG) into the United States during 2008.