US spot monthly natural gas prices for March increased by 57 cents, or 17% on average, to $3.92/MMBtu, compared with the previous month's $3.35/MMBtu average, Inside FERC's Gas Market Report said Monday. The NYMEX April gas futures ...
The NYMEX April natural gas futures contract settled 6.2 cents lower at $3.865/MMBtu Monday as an overbought market saw a correction after last week's rally. The contract kept "popping up to $4[/MMBtu] and moving back" in the last ...
Tags: Gas Futures, Market Correction, Chemicals
Russia's gas giant Gazprom expects to reach an agreement on the price of gas to be supplied to China via the eastern route in June, and sign a deal by the end of this year, Gazprom chairman Viktor Zubkov said in the full version of a TV ...
Tags: Gas Price, Eastern Route, Chemicals
The NYMEX natural gas futures contract reached seven consecutive record high open interest levels during the period from March 15 to March 25, Chicago-based CME Group said Tuesday. The first record at 1,316,945 contracts posted on March ...
Tags: NYMEX, Gas Contract, Chemicals
UK natural gas prices for same-day delivery spiked as high as 150 pence/therm ($22.80/MMBtu) early Friday as a key pipeline that carries gas to the country from Continental Europe halted operations against a backdrop of cold weather and low ...
Tags: Gas Market, Interconnector Outage, Chemicals
NYMEX April natural gas futures settled 6 cents higher at $3.872/MMBtu Friday on forecasts for below-normal temperatures through the end of March and higher-than-normal nuclear outages, analysts said. The contract has gained 22.7 cents ...
Tags: NYMEX, Gas, Nuclear Outages
Prompt gas contracts on Continental European hubs recouped early day losses by midday Friday as two unplanned outages at Norway's gas fields, which send gas to the UK and the Continent, cut gas flows and sparked supply worries, one trader ...
Tags: Euro Gas, Fuel Supply, oil
China should take advantage of relatively low coal prices and import more to satisfy electricity demand in its most populous provinces, instead of relying on domestic coal, which is expensive to transport, according to a Chinese government ...
Tags: domestic coal, coal prices, coal
Houston, Texas-based MRC Global, a distributor of pipe, valves and fittings products and services to the energy and industry sectors, and NAWAH LLC announced a logistics alliance to serve the Iraqi oil and gas market. As part of the ...
Tags: energy sectors, industry sectors, oil, gas
Only a change in the price formation mechanism will reflect the current supply-demand situation for LNG in Asia, not just a bid to reduce the price level, Jonathan Stern, professor at the Oxford Institute for Energy Studies, said at a ...
Tags: price formation mechanism, LNG, Asia
UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...
Tags: gas, natural gas, oil pipeline system
US spot monthly natural gas prices for March increased by 12 cents, or 3.7% on average, to $3.35/MMBtu, compared with the previous month's $3.23/MMBtu average, Inside FERC's Gas Market Report said Friday. The NYMEX March gas futures ...
Tags: Gas, Metallurgy, Mineral, Energy
Asia will become the second-largest global natural gas market after North America by 2015 with annual demand rising to 790 billion cubic meters, the International Energy Agency said in a report released Tuesday. "Asia is already home to ...
Tags: natural gas market, Chemicals, Metallurgy
Southeast Asia's LNG demand would represent a third of Asian LNG demand growth by 2025, while India's would represent one-seventh, Nicholas Browne, Senior Gas Market Analyst at Wood Mackenzie said Wednesday. Total Southeast Asian LNG ...
Tags: Southeast Asian, Wood Mackenzie, Chemicals
German energy group RWE expects a settlement with Gazprom during first half 2013 on its long-term gas imports from the Russian producer, the company said Monday. A spokeswoman for the company confirmed that a settlement was expected in ...
Tags: RWE, settlement, Gazprom, gas