Overall natural gas cash prices rose by 5 cents on average Wednesday as quotes were boosted by soaring eastern power prices and underlying forecasts of temperatures as much as 20 degrees above normal. Dollar-plus gains occurred at Northeast points and in the Mid-Atlantic, prices were well bid as well. Great Lakes and Midwest points were also firm. At expiration June futures had limped off the board losing 2.6 cents to $4.155, and July fell 4.0 cents to $4.184. July crude oil lost $1.88 to $93.13/bbl.
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No ‘New Normal’ Seen for U.S. Natural Gas Markets
Claims by natural gas bears of a “new normal” in U.S. markets because of the unconventional resource revolution aren’t supported by the underlying data, according to Morningstar analysts Mark P. Hanson and Jason Stevens.
January 21, 2013
No ‘New Normal’ for U.S. Natural Gas Markets, Says Morningstar
Claims by natural gas bears of a “new normal” in U.S. markets because of the unconventional resource revolution aren’t supported by the underlying data, according to Morningstar analysts Mark P. Hanson and Jason Stevens.
January 16, 2013
BP Bests Profit Expectations
BP plc last week reported better-than-expected profits in 3Q2012, a big turnaround from the previous quarter’s losses.
November 5, 2012
BP Beats Profit Expectations
BP plc on Tuesday reported better-than-expected profits in 3Q2012, a big turnaround from the previous quarter’s losses.
October 31, 2012
Bakken Shale Latest Target for Breitling Oil and Gas
The Bakken Shale and underlying Three Forks formation in North Dakota are the latest targets for independent exploration and production company Breitling Oil and Gas Corp., which in 2011 reported progress in oil and gas projects in its focus areas in Texas, Oklahoma and Louisiana.
January 3, 2012
Impact of New 12-Month Natural Gas ETF Likely to Be Muted
The United States Commodity Funds LLC (USCF) completed a 28-month process on Wednesday to launch its United States 12-Month Natural Gas (UNL) exchange-traded product. Unlike its sister United States Natural Gas (UNG) fund offering, which focuses on replicating price changes of the near-month New York Mercantile Exchange (Nymex) futures contract, the UNL exchange-traded fund (ETF) will attempt to track movements in the prices of the nearest 12-month Nymex futures strip.
November 20, 2009
Well Offered at Higher Prices, August Eases 9.1 Cents
August natural gas futures retreated Monday as traders cited a bevy of sell offers above the market and an underlying sentiment that near-term trading opportunities lay on the short side of the market. The August contract fell 9.1 cents to $3.604 and September dropped 9.3 cents to $3.768. September crude oil rose 33 cents to $68.38/bbl.
July 28, 2009
Spectra Earnings Up 24%; Capital Expansion Paying Dividends
Strong earnings from all of Spectra Energy’s business segments, due primarily to higher commodity prices and sound operating performance in all underlying businesses, resulted in net income of $296 million (48 cents/share) in 3Q2008, up 26% from $234 million (37 cents/share) in 3Q2007, the company said.
November 10, 2008
Spectra Earnings Up 24%; Capital Expansion Paying Dividends
Strong earnings from all of Spectra Energy’s business segments, due primarily to higher commodity prices and sound operating performance in all underlying businesses, resulted in net income of $296 million (48 cents/share) in 3Q2008, up 26% from $234 million (37 cents/share) in 3Q2007, the company said.
November 10, 2008
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