More Economics & Oil Market News

Price outlook remains bullish as natural gas climbs past $4

Analysts have been anticipating premium natural gas prices this summer, but the Henry Hub June futures contract on the New York Mercantile Exchange jumped ahead of schedule by closing above $4/MMbtu Wednesday. The contract settled at $4.073 and was still trading well past $4 the following day�close to $4.10/MMbtu on Thursday morning but approaching $4.20 in the early afternoon.

Market watch: May 26

Energy futures prices rose during Thursday's trading on the New York Mercantile Exchange (NYMEX), riding concerns about tight supplies of reformulated gasoline. Analysts say RFG shortage concerns have been aggravated by the outage of a number of refineries while the peak driving season of summer vacation lies ahead.

IEA: Portugal to rely on Algeria for gas

The International Energy Agency says Algeria will remain the major source of gas supply to the Portuguese market, despite diversification projects now under study. It also made some recommendations to the Portuguese government.

Market watch, May 30

Energy futures prices slipped in trading on the New York Mercantile Exchange (NYMEX) Friday after a mostly lackluster day of trading that ended with hectic selling activity by profit-takers. Traders were reluctant to hold positions over the long Memorial Day weekend in the absence of any new fundamentals-based development. The trading session was also short, because the exchange closed Friday at 1 p.m. ahead of the holiday weekend, which traditionally marks the start of the summer season.

Finance/Companies news briefs, May 31

NAL Oil & Gas Trust ... Draig Energy ... NYMEX ... SmartEnergy.com .... Essential.com

MARKET WATCH, May 31: Unleaded gasoline futures hit near-record high on NYMEX

Gasoline futures soared to a near-record high of $1.0652/gal on the New York Mercantile Exchange Tuesday, up 6.28�/gal amid fears of possible shortages at the start of the peak US driving season. The July contract for light, sweet NYMEX crude climbed 35� to $30.35/bbl Tuesday, while the August contract was up 34� to $29.41/bbl.

MARKET WATCH: June 1

Energy futures prices fell in trading Wednesday but have recovered this morning as a result of a report indicating stocks of crude and gasoline fell last week.

NiSource holders approve Columbia acquisition; schools protest

Fearing a loss of tax revenue, more than115 school districts in northern Ohio Thursday asked the Public Utilities Commission of Ohio to rehear an order in which it issued a letter to the US Securities and Exchange Commission approving the proposed acquisition by Nisource Inc., Columbus, Ohio, of Columbia Energy Group, Herndon, Va. NiSource shareholders approved the transaction Thursday.

Finger pointing

Just in case higher gasoline prices become an election issue this year, politicians are positioning themselves to blame the other party.

Jawboning crude prices down gets into high gear

Efforts to jawbone crude oil prices back down are in full swing in Washington-but the real thing will happen in Riyadh ahead of the OPEC meeting.

Market Watch: June 2

Futures contracts for crude and petroleum products rallied on international markets Thursday with new reports of low US stocks of oil, gasoline and heating fuel. The New York Mercantile Exchange opened with a rally that wiped out Wednesday's losses on most contracts, with much of the gains coming in the last hour of trading.

Market Watch, June 5, 2000

Oil futures contracts continued to gain on the New York Mercantile Exchange (NYMEX), buoyed by increased US demand for gasoline.

Market Watch, June 6, 2000

Oil futures fell on international markets Monday after Ali I. Naimi, Saudi Arabia's petroleum minister, said OPEC members will take necessary steps to deal with artificially high prices.

Market Watch, June 7

New York Mercantile Exchange petroleum futures prices ended mixed Tuesday, as traders waited for data to support recent speculation about whether the Organization of Petroleum Exporting Countries will increase production at its upcoming meeting.

New York ISO to consider electricity price caps

With possible power shortfalls and price spikes looming, the New York Independent System Operator board on June 20 will consider a controversial proposal to cap electricity bids in the day-ahead and real-time energy markets at $1,000/Mw-hr. Earlier, FERC approved the New York ISO's bidding restrictions on 10-min nonspinning reserves on an interim basis but rejected a cap on 10-min spinning reserves.

Market Connections

IDAHO DEPARTMENT OF LANDS

Now Hiring: Minerals Leasing Program Manager

Become part of an organization where you will work with dedicated and extraordinary people who have commitment and skills to manage and protect Ida...
Successful, small, private E&P Company in Covington, LA has opening for experienced Petroleum Engineer. Work with Mgmt and Earth Scientists, limited supervision, well-organized, team player.  Exp performing O&G well file research, compiling data, preparing AFEs, economics, writing procedures and recommendations.  Exp in supervising workovers, well intervention projects, and knowledge of ops in both onshore and inland waters.  Petroleum Engineering degree or equivalent.  Exp in planning and executing sidetracks and new drills preferred.   Communication skills a must.   Current BOP cert preferred.  Comp benefits.

Gulf Coast Petroleum Engineer

Successful, small, private E&P Company in Covington, LA has opening for experienced Petroleum Engineer. Work with Mgmt and Earth Scientists, li...
Vantage Drilling

Currently Hiring Positions in the Gulf of Mexico

Vantage Drilling is an international offshore drilling contractor which operates and manages a fleet of modern, high specification drilling rigs on...
chemark

Now Searching: Director of Innovation, Oilfield Chemicals

Now Searching: Director of Innovation Oilfield Chemicals: Position is responsible for leadership in identification and development of new product n...
Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS: Gas Pipeline Compressor Station Operator, Gas Pipeline Compressor Station I&E Technician, Gas Pipeline Compressor Station Maintenance Technician.

Growing company is currently seeking qualified candidates for IMMEDIATE OPENINGS

Large Capacity Natural Gas Pipeline located in South Texas Eagle Ford Shale Area. Growing company is currently seeking qualified candidates for IMM...

Oil & Gas Conferences

  • List View
Event Title Date Type

Offshore Middle East Conference & Exhibition

January 26, 2015
Stay Connected