With plunge in industrial consumption, much of US natural gas this summer is going into storage. Industrial gas demand makes up for about one third of the total demand which has now plummeted due to financial crisis. For full story, click here
Articles Tagged "summer"
By Duncan Sutherland – Exclusive to Gas Investing News Market news Natural gas futures fluctuated in response to Hurricane Gustav’s threatening track through the Gulf of Mexico over the weekend. As of Tuesday morning, they were hovering in the mid US$7 range. Thankfully, ‘Gustav’ weakened significantly and did not appear to cause much damage to [...]
As natural gas prices jumped last spring, Ontario government officials contacted the province’s gas distributors for assurances about price and supply. In response to these concerns, the province’s two biggest gas distributors offered two words: shale gas. Malini Giridhar, director of energy policy and analysis at Enbridge Gas Distribution, said: The shale production story is certainly [...]