MarketWatch reported that natural gas futures are up 3 percent today as a result of data showing a bigger-than-expected fall in US supplies.
Oil & Gas Market News Directory
Mining Weekly reported that Andrew Mackenzie, CEO of BHP Billiton Ltd. (NYSE:BHP,ASX:BHP,LSE:BLT), believes that although the US shale gas industry is growing quickly, coal will continue to be the most dominant source of fuel worldwide for the coming years.
CNBC reported that according to a study completed by IHS, natural gas prices are likely to remain cheap for "at least the next 20 years." The company anticipates a long-term average annual price of $4 to $5 per million British thermal units.
The Wall Street Journal reported that natural gas futures are ending the week on a high note following forecasts that cold weather will continue in the United States during March.
Bloomberg reported yesterday that because Europe's natural gas stockpiles are currently at their highest level since at least 2009, it is unlikely that turmoil in Ukraine will cause a supply disruption.
Reuters reported that Britain plans to create a new oil and gas regulator in order to help exploration companies in the United Kingdom "speed up their search" for the fuels. The move was prompted by "plunging North Sea production rates."
In a recent special energy report, U.S. Global Investors looks at the state of the U.S. energy market and elaborate on the ways that investors can benefit.
Business Times reported that the price of Brent crude rallied on Monday, climbing more than US$1 to over US$107. The rebound comes after oils biggest weekly fall in six months, following news of a restart of a key Libyan oilfield.
MarketWatch reported that crude oil prices are down 3 percent, to $95.44, in New York.
A joint review panel has recommended that the Canadian federal government approve the Northern Gateway pipeline being proposed by Enbridge (NYSE:ENB,TSX:ENB).