June natural gas futures rose Monday as traders viewed rising floodwaters as a threat to supply, and those holding short positions elected not to fight the trend. At the close June had risen 7.2 cents to $4.318 and July was up 6.8 cents to $4.379. June crude oil skidded $2.28 to $97.37/bbl.
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Futures Rally on Cries That Spring Has Not Yet Sprung
Those who viewed the lackluster morning trade and forecasted a quiet lead into the weekend for natural gas futures were sorely mistaken as a fierce round of short-covering was sparked just before 2 p.m. EDT. April natural gas futures reached a high of $4.425 before closing out the regular session at $4.403, up 15.9 cents from Thursday’s close.
Industry Group Releases Pro-Gas Film
Shale Gas and America’s Future, a 30-minute, made-for-TV film about the country’s natural gas drilling boom, has been released by the American Clean Skies Foundation (ACSF), a pro-natural gas industry group.
Traveling Energy Exhibit Reaches Out to Public
Since April more than 20,000 Pennsylvanians, predominantly school children, have viewed the displays in an energy on wheels exhibit, underwritten largely by oil and gas companies and suppliers, staffed by volunteers and housed in a brightly colored, 42-foot trailer truck.
Traveling Energy Exhibit Reaches Out to Public
Since April more than 20,000 Pennsylvanians, predominantly school children, have viewed the displays in an energy on wheels exhibit, underwritten largely by oil and gas companies and suppliers, staffed by volunteers and housed in a brightly colored, 42-foot trailer truck.
Health Care Advance Seen as Positive for Energy
German and American government officials viewed as positive the House passage of a health care bill, speaking Monday in Berlin at the opening of the second German American Energy Conference. In keeping with the meeting’s theme of seeking expanded markets for renewables and energy efficiency, officials said they see signs of the health care logjam being freed as conducive to having new national U.S. energy legislation later this year.
Health Care Advance Seen as Positive for Energy
German and American government officials viewed as positive the House passage of a health care bill, speaking Monday in Berlin at the opening of the second German American Energy Conference. In keeping with the meeting’s theme of seeking expanded markets for renewables and energy efficiency, officials said they see signs of the health care logjam being freed as conducive to having new national U.S. energy legislation later this year.
LNG Wave Bound for U.S. Shores
With its abundant natural gas storage capacity, North America is viewed by many as a sink for liquefied natural gas (LNG) cargoes that can’t be sold in Asia or Europe. But now that new LNG liquefaction capacity is poised to come onstream later this year and next — in the midst of a global economic downturn — the industry is wondering where all the cargoes will go.
Barclays: ‘Orphaned LNG Cargoes’ Threaten U.S. Gas Prices
With its abundant natural gas storage capacity, North America is viewed by many as a sink for liquefied natural gas (LNG) cargoes that can’t be sold in Asia or Europe. But now that new LNG liquefaction capacity is poised to come onstream later this year and next — in the midst of a global economic downturn — the industry is wondering where all the cargoes will go.
North American Gas Supply Called ‘Vital’ to U.S. Security Interests
Securing a supply of reasonably priced natural gas, which up to now has taken a back seat to its crude oil, will increasingly be viewed as a vital U.S. interest, according to an in-depth study by the Baker Institute Energy Forum.