MARKET WATCH: Oil, gas close up in waffling markets

The September contract for benchmark US light, sweet crudes increased 14¢ to $106.11/bbl Aug. 12 on the New York Mercantile Exchange. The October contract also made gains, up 36¢ to $105.52/bbl.

Heating oil for September delivery gained about 3¢ to settle at a rounded $3.02/gal on NYMEX. Reformulated stock for oxygenate blending for the same month decreased about 1¢ to a rounded $2.90/gal.

The September natural gas contract increased 8¢ to close at $3.31/MMbtu on NYMEX. On the US spot market, gas at Henry Hub, La., gained 4¢ to $3.36/MMbtu.

In London, the September IPE contract for North Sea Brent rose 75¢ to $108.97/bbl. The August contract for gas oil settled at $903.75/tonne. The new contract for gas oil for September was up $8.75 to $914.25/tonne.

The average price for the Organization of Petroleum Exporting Countries’ basket of 12 benchmark crudes increased 33¢ Aug. 12 to $105.27/bbl.

Related Articles

Ultra Petroleum selects senior vice-president

04/01/2014 Ultra Petroleum Corp., Houston, has appointed Brad Johnson to succeed William Picquet, who will retire from the company at the end of the month, as...

Columbia Pipeline names chief executive officer

04/01/2014 Columbia Pipeline Group (CPG), a unit of NiSource Inc., has named Glen L. Kettering as its executive vice-president and group chief executive offic...

East Timor not entitled to Bayu-Undan gas pipeline tax, Australia warns

04/01/2014 The Australian government has written to East Timor to warn that the East Timorese are not entitled to tax the natural gas pipeline from the Bayu-U...

New Gulf Resources appoints chief executive officer

04/01/2014 New Gulf Resources LLC, Tulsa, has appointed Ralph A. Hill as chief executive officer and chairman of its board. He previously served as chief exec...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected