Natural Gas
Arctic oil and natural gas potential
According to an assessment conducted by the U.S. Geological Survey (USGS), the Arctic holds an estimated 13 percent (90 billion barrels) of the world's undiscovered conventional oil resources and 30 percent of its undiscovered conventional natural gas resources.
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Natural gas outlook: Mild temperatures hold prices down
An absence of significantly lower seasonal temperatures, coupled with continued high storage levels, put downward pressure on natural gas prices this week.
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Natural gas outlook: Net prices mostly decline
Net price changes this week were somewhat mixed, with most prices posting a net decline over the report week.
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Natural gas outlook: Storage up to record levels
Working natural gas in storage rose last week to a record 3,850 billion cubic feet (Bcf) as of Friday, November 11, according to the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report .
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Natural gas outlook: Gas in storage reaches record level
A confluence of unsupportive market conditions served to undermine gas prices at all pricing points during the week. The Henry Hub price closed down 44 cents for the week to $3.11 per million British thermal units (MMBtu) on November 16.
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Natural gas outlook: Working natural gas in storage increases
Working natural gas in storage rose to 3,831 billion cubic feet (Bcf) as of Friday, November 4, according to EIA’s Weekly Natural Gas Storage Report.
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Natural gas outlook: Consistent price declines across the board
The Henry Hub spot price showed a slight increase over the weekend, but closed down 26 cents for the week to $3.39 per million British thermal units (MMBtu) on November 2.
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Natural gas outlook: Price to rise as snow enters forecast
The weatherman’s promise for chillier temperatures later this week and mention of the word "snow" in some forecasts was the likely catalyst propelling prices upwards this week.
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Oil jumps above $92 after Europe debt plan
Oil prices jumped to above $92 a barrel Thursday after European leaders agreed on a plan to reduce Greece's debt burden.
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Oil jumps to $94 ahead of Europe debt plan
Oil prices jumped to $94 a barrel Tuesday on tightening crude supplies and as investors seemed confident that a plan in Europe to contain the region's debt crisis would be revealed soon.
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Oil prices rise on US, European economic news
Oil prices rose Friday on encouraging economic news from the U.S. and Europe, raising hopes for stronger demand in the months to come.
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