Markets

BP and affiliates have urged the Federal Energy Regulatory Commission to dismiss allegations that they gamed the financial and physical energy markets.

Close to 40% of all of the natural gas produced in the U.S. Gulf of Mexico had been shut in as of Friday, along with nearly half of the oil produced every day.

Natural gas cash prices fell hard, but futures held steady in Friday’s trading.

Natural gas will remain the most affordable heating option for most residential customers this winter, with mild temperatures expected to keep any increase in gas bills at no more than 5-10% compared with last winter, according to the American Gas Association (AGA).

Checking a map is the first step to knowing where one is going, but when it comes to forecasting shale gas supply and demand, the map can throw some international gas end-users off course.

Traffic continues to grow on the northbound natural gas freeway from the United States into Ontario and Quebec, fueling plans to increase delivery capacity on the Canadian side of the border.

Apache Corp., which has dedicated itself to pare debt and concentrate on its most profitable enterprises, is selling some dry natural gas-rich assets in Canada for $112 million.

While there is still much bullishness toward natural gas as a transportation fuel, industry leaders cast some doubts over its relative role in building demand for gas at LDC Gas Forum Mid-Continent in Chicago on Monday.

A reclassification of “base” gas to “working” and a cooler-than-expected August make for an end-of-injection season storage forecast that is 20 Bcf higher than the one issued last month in the Energy Information Administration’s (EIA) Short Term Energy Outlook (STEO), the agency said Tuesday.