Constrained production capacity, combined with continued strong demand growth, signal a continuation of oil and natural gas prices “well above” historical norms, according to a report by Standard & Poor’s (S&P).
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Big Price Drops May Signal Start of Market Rout
As traders had anticipated, prices fell across the board Thursday. What some might not have expected was how severe the softening would be. All drops were in double digits and ranged from about 15 cents to nearly 40 cents.
Moody’s Considering Upgrade to Williams’ Rating
In a strong signal that The Williams Cos. is on track for recovery, Moody’s Investors Service on Friday placed the Tulsa-based company’s junk-rated debt under review for possible upgrade. Even before the review, however, Moody’s upgraded Williams’ speculative grade liquidity rating to ‘SGL-2’ from ‘SGL-3,’ which “indicates our expectation of good liquidity for the 12 months ending June 30, 2005.”
Death of Marine Pipeline Co. May Signal End of Era for Canadian Pipe Contractors
There will be one less Canadian pipeline construction contractor when the next wave of projects emerges, and the sudden death of Marine Pipeline Construction Co. is being seen as a lesson in hazards of trying to operate in the field on a continental scale.
Death of Marine Pipeline Co. May Signal End of Era for Canadian Pipe Contractors
There will be one less Canadian pipeline construction contractor when the next wave of projects emerges, and the sudden death of Marine Pipeline Construction Co. that caused the gap is being seen as a lesson in hazards of trying to operate in the field on a continental scale.
Large Storage Draw Could Signal Wind of Change; Futures Rally to Key Resistance
In a move that has some observers suggesting the market may have shed its bear coat, natural gas futures prices climbed near key resistance Thursday morning on the news that a whopping 224 Bcf was pulled from storage last week. However, after coming fast out of the gate, the March contract disappointed bulls late in the session by failing to test key pivot points at $5.56 and $5.60. It closed at $5.451, up 19.1 cents on the day.
S&P: High ’03 Power Prices Don’t Signal End to Generation Glut
Don’t let the high wholesale power prices seen in U.S. merchant power markets last year fool you. Those high power prices “by no means imply that there is a shortage of generation capacity,” Standard & Poor’s (S&P) said in a report issued Thursday.
Storage, Power Outage Signal Super-Bearish Friday
In trading ranges that were stretched extensively due to post-storage report dives, cash prices were rather indecisive Thursday, ranging up and down from flat by up to a dime in both directions. Small gains tended to outweigh small losses.
North America’s Top Energy Regulators Signal Alarm Over Gas Supply
National regulators from the United States, Mexico and Canada said last week that chronically tight natural gas supplies make tapping new sources a must and their agencies stand ready to help make projects happen.
North America’s Top Energy Regulators Signal Alarm Over Gas Supply
National regulators from the United States, Mexico and Canada said this week that chronically tight natural gas supplies make tapping new sources a must and their agencies stand ready to help make projects happen.