Weigh

Questions on Oil Production, Interest Rates Weigh on Energy Stocks

Volatile oil and natural gas prices, along with a growing concern that interest rates are moving up, appeared to send U.S. stocks down across the board for the third straight day Monday, with some prices at their lowest level in a year. Only a few energy companies — integrateds and utilities — posted any gains, while the producers took the biggest hit.

May 11, 2004

Short Selling and Storage Talk Weigh on Prices; Analyst Remains Bullish

After failing to move above last week’s high despite a positive open, the natural gas futures market turned lower Monday as speculative traders reestablished short positions. Concerns that this week’s storage report will feature a small net drawdown also added to the bearish price sentiment, prompting buyers to pull back their bids.

March 9, 2004

Bearish Storage Expectations Weigh on Gas Futures; July Down 13.1 Cents

Despite bullish technical factors, natural gas futures slipped lower Wednesday as traders considered the possibility that the EIA will report a third straight, record-setting weekly storage injection on Thursday morning.

June 19, 2003

Mild Weather, Bearish Crude Oil Data Weigh on Gas Futures

Pressured by mild weather and weakness in the nearby crude oil pit, natural gas futures slid lower Wednesday as traders continued to retrace gains made during the first half of the month. However, after extending to a double-digit loss in the morning, the May contract battled back in the afternoon as traders positioned themselves ahead of Thursday’s storage report. The prompt month closed at $5.569, down 7.6 cents for the session, but up 4.9 cents from its morning low.

April 24, 2003

Duke, ExxonMobil Weigh Possible Buy-Out of Duke Partnership

An independent arbitration panel has ordered Duke Energy to enter into discussions with ExxonMobil Corp. to buy out the major producer’s 40% ownership stake in Duke Energy Trading and Marketing (DETM), an ExxonMobil spokesman said.

January 6, 2003

Duke, ExxonMobil Weigh Possible Buy-Out of Duke Partnership

An independent arbitration panel has ordered Duke Energy to enter into discussions with ExxonMobil Corp. to buy out the major producer’s 40% ownership stake in Duke Energy Trading and Marketing (DETM), an ExxonMobil spokesman said.

January 6, 2003

FERC Asked to Weigh Generic Creditworthiness Standards for Pipes

Citing its concerns about the broad tariff changes Tennessee Gas Pipeline has proposed to protect itself from credit-risky shippers, a group of natural gas producers and marketers last week called on the Federal Energy Regulatory Commission to launch a proceeding to establish generic, uniform creditworthiness standards to be followed by interstate gas pipelines.

September 2, 2002

FERC Asked to Weigh Generic Creditworthiness Standards for Pipes

Citing its concerns about the broad tariff changes Tennessee Gas Pipeline has proposed to protect itself from credit-risky shippers, a group of natural gas producers and marketers has called on the Federal Energy Regulatory Commission to launch a proceeding to establish generic, uniform creditworthiness standards to be followed by interstate gas pipelines.

August 30, 2002

California to Weigh In on Dynegy Bid for Enron

With the political and economic sensitivities that have built up over the past 18 months in the state toward Texas-based energy giants, California officials are expected to put in their own two cents regarding the proposed $23-24 billion buyout of Enron Corp. by Dynegy Corp. The two are among the half-dozen prominent national energy firms selling energy in California that the state’s political leaders have openly criticized as alleged “price gougers” and “market power abusers.”

November 27, 2001

Ohio Congressmen Weigh in Against Independence

Two congressional lawmakers have called on the Federal Energy Regulatory Commission to deny Independence Pipeline’s bid for a further extension of its in-service date until November 2004.

November 12, 2001