Low Temps Boost Natural Gas Price As Oil Turns Cold

Houston Chronicle By Robert Grattan The price of natural gas, which swooned just two years ago to the chagrin of drillers and the delight of manufacturers and utilities, is quietly holding steady or even rising amid a high-profile crude oil price slide. The gains mostly are seasonal – the price typically rallies or retreats along […]

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Oil Near 4-Year Low as OPEC Seen Resisting Cutting Output

Fuel Fix West Texas Intermediate crude dropped for a third day as U.S. oil inventories gained unexpectedly. Brent rose in London. Futures fell as much as 1 percent in New York. Ecuador and Venezuela will ask members of the Organization of Petroleum Exporting Countries to reduce excess output, an Ecuador official said. U.S. crude inventories […]

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WTI Price No Deterrent in U.S. Shale Basins

UPI By Daniel J. Graeber NEW YORK, Nov. 11 (UPI) – The benchmark for U.S. crude oil prices was treading water in early Tuesday trading, one day after a report showed few signs of a slowdown in the shale boom. West Texas Intermediate for December delivery was still struggling to break the $80 per barrel […]

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Saudis continue to squeeze OPEC profits

By The Associated Press VIENNA — Saudi Arabia showed little concern for fellow OPEC members by unilaterally cutting its oil prices to the United States this week, a move that casts doubts on the cartel’s credibility and its ability to find a common plan to stabilize the slumping energy market. And while OPEC struggles to […]

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Natural gas glut in Appalachia keeps pushing prices downward

By David Conti Lower gas prices and a production glut in Appalachia aren’t deterring the biggest drillers in the Marcellus shale. Companies continue to report surging production in their quarterly statements, and several are forecasting growth into next year. Production is growing because drillers are finding more efficient ways to extract gas from shale formations. […]

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Natural Gas Futures Jump on Outlook for Colder November

Bloomberg By Christine Buurma Natural gas futures surged the most in five weeks in New York on forecasts for unusually cold weather that would stoke demand for the heating fuel and reduce stockpiles. Forecasts turned colder over the weekend, with below-normal temperatures blanketing the eastern half of the U.S. from Nov. 8 through Nov. 17, […]

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Dollar Climbs to 7-Year High as Energy Stocks, Oil Tumble

Bloomberg By Nick Gentle and Stephen Kirkland The dollar rose to an almost seven-year high versus the yen as growth in manufacturing underscored the strength of the American economy. Most U.S. stocks fell as oil slid to its lowest level in more than two years. The Bloomberg Dollar Spot Index was up 0.7 percent by 5 […]

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U.S. crude output rises to highest since 1980s on shale boom

Fuel Fix U.S. crude production climbed to the highest level in at least three decades last week as the shale boom moved the country closer to energy independence. Output rose 0.4 percent to 8.97 million barrels a day, according to weekly Energy Information Administration estimates that began in January 1983. The EIA’s monthly data, which […]

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Cuomo Delays NY Fracking Study Release Until After Election

New York Post By Carl Campanile Gov. Cuomo is promising to release the longest-awaited study of his administration — an analysis of the health impacts of fracking — but only after the election. It’s one of several critical announcements on hold until after voters cast their ballots. Cuomo disclosed during Wednesday night’s debate in Buffalo […]

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