Natural gas prices in US have sunk to the lowest point in a decade as the shale drilling boom threatens to fill the nation’s underground storage network. Nymex February gas was $2.402 per m British thermal units early Thursday, down almost 50 per cent from a year ago to return to levels last reached in [...]
Prices oil rose on concern that geopolitical tension will increase as a son of Kim Jong Il took power in North Korea and the U.S. and its allies prepared to discuss stronger measures against Iran. Futures advanced 0.4 percent after the official Korean Central News Agency said Kim Jong Un will lead the nuclear-armed nation [...]
Gas prices in the United States fell more than 5 cents over the past two weeks as crude oil prices dropped, continuing a decline in pump prices that started in late October, according to a survey published Sunday. The average price of regular gasoline is $3.24 a gallon, the Lundberg Survey found. That’s down 5.25 [...]
Installation of pipes has been started near the LNG plant, under construction 20 km northwest of Port Moresby. The first extension of the 450-km in the offshore of 700 km natural gas pipeline planned for Papua New Guinea LNG project worth 15 billion dollars began to be installed on the seabed. Two offshore semisubmersible vessel, [...]
Natural gas prices are the lowest they’ve been in years, at least in the United States. But a year from now, the situation will look a lot different. Prices could be up to 50% higher. These days, natural gas producers are like the big homebuilders. Everyone hates them. Investment managers steer clients away from them, [...]