The Arctic region announced that it may hold enough natural gas to meet current global demand for 14 years and most of it belongs to Russia, which could accentuate the country’s dominant role in the industry, U.S. geologists said. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Bloomberg reported that NYMEX natural gas futures have lowered to their lowest in six months. The huge decline in the past month is comprised of multiple factors. First, the increased output and stockpiles have reassured traders of supply security. Second, the commodity drawdown has lured hedging [...]
Canada and the US are collaborating for a research mission to the Arctic part of their bid to tap the potential vast oil and natural gas reserves beneath the Arctic Ocean floor. For more information, click here
By Duncan Sutherland- Exclusive to Gas Investing News Natural gas futures prices subsided over the past week. Down more than a dollar since the 23rd, it seems likely that a further drop is forthcoming given continuing consumer malaise in the United States. Bloomberg is reporting that “Inventories gained 70 billion cubic feet” in the country [...]
Government scientist estimate that a third of the world’s undiscovered natural gas lies below an area in the north of the Arctic Circle. For full story, click here
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