Items Tagged with 'lower'

ARTICLES

Enterprise Bakken-to-Cushing Project Facing Cheap Oil Headwinds

Lower prices for crude oil aren't doing any favors for Enterprise Products Partners LP's proposed crude pipeline from North Dakota to the Cushing, OK, hub, executives admitted Thursday. But U.S. producers have staying power even at lower oil prices because the country "...is in the middle of a production revolution," they said. Read More

Shell's Global LNG Sales Jump 16%

Global liquefied natural gas (LNG) developments are starting to show positive earnings momentum for Royal Dutch Shell plc as its strategy to invest for profitability over volumes begins to pay off, CFO Simon Henry said Thursday. Read More

BP Slammed on Oil Price Plunge But Still Beats Consensus

BP plc on Tuesday posted a 19% decline in third quarter profits from a year ago, in part impacted by the global oversupply in crude oil, and in part on a huge drop in profits from its near-20% stake in Russia's OAO Rosneft, but the producer still beat Wall Street consensus by a wide margin. Read More

Warming Derails Upward Momentum; November Called 7 Cents Lower

November natural gas is set to open 7 cents lower Wednesday morning at $3.89 as the specter of oversupply continues to loom over the market and weather forecasts -- which as recently as Friday called for cooler temperatures -- have shifted markedly warmer. Overnight oil markets continued to spiral lower. Read More

EIA Projects Milder Temps, Lower Heating Bills This Winter

U.S. households should expect lower heating bills this winter compared to last, thanks in large part to less severe temperatures, but also due to lower natural gas spot prices and significantly higher winter gas production, according to the U.S. Energy Information Administration (EIA). Read More

EIA Cuts Another 13 Cents From 2015 Henry Hub Price Forecast

Henry Hub natural gas prices are expected to average $4.46/MMBtu this year and $3.87/MMBtu next year, thanks in large part to a continuing production surge, the Energy Information Administration (EIA) said Tuesday. Read More

EIA Expects Henry Hub to Average $4.46 This Year, Just $4.00 in 2015

Natural gas production growth and mild weather are allowing storage injections to continue on pace for a record refill of 2.6 Tcf by the end of October, according to the Energy Information Administration, which significantly lowered its gas price outlooks for both 2014 and 2015. Read More

$3.75 August Futures Seen In Play, Expected Down 5 Cents

August natural gas is expected to open 5 cents lower Tuesday morning at $3.80 as traders focus on downside trading objectives, another 10 cents lower than Monday's weak settlement. Overnight oil markets rose. Read More

Weather Forecast Cooler Still; August Plunges 8 Cents

August natural gas is expected to open 8 cents lower Monday morning at $3.87 as traders factor in forecasts of still more cooling with risks to the forecast cooler still. Overnight petroleum markets rose. Read More

NatGas Inventory Build Likely to End Lower Than Last Year, EIA Says

Following a slow start in April, the 2014 natural gas injection season grew stronger in May and June, with net injections of 100 Bcf or greater for eight straight weeks, but working stocks at the end of October will reach only an estimated 3.43 Tcf, 380 Bcf lower than at the same time last year, according to the Energy Information Administration (EIA). Read More