New York Mercantile Exchange November Natural Gas futures fell due to more than expected rise in inventory and weak oil prices weighed on gas prices. December natural gas ended at $6.431, down by 5.11%. For full story, click here
Continue reading "November Natural Gas futures ends low"
Wednesday, October 15, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market News: It seems as if natural gas futures have hit a band of support in the $7.25-$7.50 range, which is good news for investors as winter approaches. Structural factors suggest that natural gas will become dearer in winter, especially if the current low prices have [...]
Continue reading "South Parse: October 15"
Tuesday, October 7, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market News: The American Energy Information Administration (the U.S. Government’s register of official energy statistic) is still forecasting an increase in home heating costs over the winter. The EIA did note that its figures were subject to change as new information about the extent of the [...]
Continue reading "South Parse: CNG is what I see"
Wednesday, October 1, 2008
By Duncan Sutherland – Exclusive to Gas Investing News Market news A mild rebound for hard-hit natural gas futures has developed over the past few days. Like the Dow Jones, oil prices and the Asian market indices, natural gas futures are also in a state of flux. The instability is fairly easy to source: investors [...]
Continue reading "South Parse: Dead cat bounce"
Thursday, September 25, 2008
By Duncan Sutherland- Exclusive to Gas Investing News Company news The headline this week is obviously Shell (NYSE:RDS.A) and the Iraqi government putting ink to paper on a US$4 billion joint venture deal that will see the company collect flareoff from oil production in Southern Iraq’s Al-Basra province. In even better news, Shell opened a [...]
Continue reading "South Parse: Interesting times"
Sunday, September 14, 2008
Natural-gas futures closed nearly 2% higher Friday on concerns that Hurricane Ike may disrupt energy production for a long period by damaging refining infrastructure in the Gulf of Mexico region. James Williams, an economist at WTRG Economics, said: Hurricane Ike puts about 20% of the U.S. production of crude oil and natural gas in the [...]
Continue reading "Natural gas rises on storm"
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Friday, October 31, 2008