The cash market took a breather from bidweek activities and managed to trade less than a penny higher overall Wednesday. Weakness at Midwest points was made up by some strength in New England and eastern points as hot, humid weather was forecast for the next three days. At the close of futures trading September had eased 3.8 cents to $3.171 and October fell 4.1 cents to $3.171 as well. September crude oil added 85 cents to $88.91/bbl.
Trade
Articles from Trade
Pennsylvania Continues Push for Marcellus Ethane Cracker
Members of Pennsylvania Gov. Tom Corbett’s cabinet were joined by supporters from the state’s general assembly and local and regional officials Thursday at the Community College of Beaver County in Monaca, PA, to lobby for construction of a petrochemical complex, including an ethane cracker, in the southwestern Pennsylvania borough.
June 18, 2012
TransCanada OK to Import U.S. Gas Said ‘Historic’ Turning Point
TransCanada Corp. has won approval to start an about-face in natural gas trade between Canada and the United States that Alberta producers have called an “historic” turning point.
May 28, 2012
Kinder Morgan-El Paso Deal Gets FTC Clearance
Kinder Morgan Inc.’s (KMI) acquisition of El Paso Corp. has received approval from the Federal Trade Commission (FTC), provided the company’s Kinder Morgan Energy Partners (KMP) relieves itself of some Rocky Mountain pipeline, gas processing and storage assets as it previously said it would do.
May 2, 2012
Kinder Puts REX Stake, Two Other Rockies Pipes On the Block
Kinder Morgan Inc. (KMI) is selling two pipelines, gas processing and treating facilities, and its 50% share of Rockies Express Pipeline (REX) to win Federal Trade Commission (FTC) approval of its buyout of El Paso Corp., the company said Thursday.
March 16, 2012
Energy Groups: CFTC Rule to Miscast End-Users as Swap Dealers
Seven natural gas and electricity trade groups Tuesday called on White House officials to pressure the Commodity Futures Trading Commission (CFTC) not to broadly define “swap dealer” in such a way as to include end-users and hedge funds, making them subject to regulation under the Dodd-Frank Wall Street Reform Act.
February 16, 2012
Second Kitimat LNG Export Facility Approved
Aboriginal entrepreneurs picked up a share in Canada’s budding energy trade with Asia when the National Energy Board (NEB) granted a 20-year export license to BC LNG Export Co-operative Ltd. The permit enables the C$600 million project to load up tankers with 250 MMcf/d of liquefied natural gas (LNG) from a terminal on British Columbia’s (BC) north Pacific coast at Kitimat.
February 6, 2012
Another Kitimat, BC, LNG Export Project Licensed
Aboriginal entrepreneurs picked up a share in Canada’s budding energy trade with Asia when the National Energy Board (NEB) granted a 20-year export license to BC LNG Export Co-operative Ltd. The permit enables the C$600-million (U.S. dollar at par) project to load up tankers with 250 MMcf/d of liquefied natural gas (LNG) from a terminal on British Columbia’s (BC) north Pacific coast at Kitimat.
February 6, 2012
North America ‘Import Dependence’ Nearly Over by 2030, Says BP
Supported by abundant unconventional natural gas and oil reserves, the United States and Canada will become “almost totally energy self-sufficient” by 2030, according to a new forecast by BP plc.
January 19, 2012
CFTC Rejects Delay of Position Limits Rule
The Commodity Futures Trading Commission (CFTC) last week narrowly rejected by a vote of 3-2 a request by two trade groups to delay implementation of the rule imposing position limits to curb speculation in the $300 trillion derivatives market.
January 9, 2012
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