Items Tagged with 'high'

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LNG America Eyes Gulf Marine Transportation Market

Two Houston-based companies said Monday they have agreed to cooperate on the design of a liquefied natural gas (LNG) bunker fuel network for the U.S. Gulf Coast region. LNG America and Buffalo Marine Service Inc. have agreed to collaborate on applications for the high horsepower marine market. Read More

Huge Benefits Projected for East Coast States With Atlantic OCS Drilling

Offshore oil and natural gas drilling in two offshore areas along the Atlantic seaboard could add $10.8 billion to $60 billion in value, and $2.1 billion to $11.6 billion in additional tax revenue for states along the East Coast, according to a report released Wednesday and funded by several right-leaning organizations. Read More

Plump Storage Build On Tap, Yet October Called Flat

October natural gas is set to open unchanged Thursday morning at $4.01 as traders get set to factor in another balloon-like addition to natural gas inventories that is expected to be well above historical averages. Overnight oil markets were mixed. Read More

Traditional Seasonality Questioned; October Called 5 Cents Lower

October natural gas is set to open 5 cents lower Tuesday morning at $3.88 as traders see little in the way of market-moving near-term events and weather forecasts look benign. Overnight oil markets fell. Read More

Monday's Gains Evaporating; August Called 5 Cents Lower

August natural gas is expected to open 5 cents lower Tuesday morning at $4.41 as traders factor in reduced industrial demand over the upcoming holiday weekend and discount tropical activity. Overnight oil markets rose fractionally. Read More

Hefty Build Expected? No Problem; July Seen 3 Cents Higher

July natural gas is set to open 3 cents higher Thursday morning as traders discount estimates of an increase in storage inventories that are well above historical norms and as they factor in expected heat. Overnight oil markets surged. Read More

Storage, Weather Matching Expected High Production; June Called Flat

June natural gas is expected to open unchanged Wednesday morning at $4.80 as traders balance mildly supportive weather outlooks with anticipated high production. Overnight oil markets were mixed. Read More

Traders Mulling Nuke Outages, Short-Term Weather; June Called Up 2 Cents

June natural gas is expected to open 2 cents higher Monday morning at $4.69 as traders digest a moderate supportive weather tweak to the market, but others counsel long-term selling. Overnight oil markets were mixed. Read More

New England Leads All Points Lower; Futures Firm on EIA Data

Spot natural gas for Friday delivery continued to work lower in Thursday's trading as the market was pressured by myriad forces. New England recorded the biggest drops as a warming trend was expected to bring Boston to above normal temperatures by the weekend, and the West Coast softened as the Pacific Northwest hydro situation improved. Read More

Tesoro Starts Open Season on Bakken Expansion

A unit of San Antonio-based refiner/transporter Tesoro Corp. started an open season Tuesday for its proposed crude oil processing terminal and pipeline expansion in the Bakken Shale play in North Dakota. The first of the expansions is to be operable by July 1. Read More