Gas Price Drop Weighs Down April Consumer Price Index
USA Today reported that a drop in the price of gas has pulled April's consumer price indext figures down 0.4% from March — the lowest since December 2008.
Articles Tagged "Gas Market News"
U.S. Congress May Extend Oil & Gas Tax Benefits to Renewable Energy Developers
Bloomberg reported that U.S. Congress may be extending some of the same tax benefits that they give to oil and gas companies to renewable energy developers.
Natural Gas Bullish for Long-Term Despite Decline
Reuters reported that natural gas futures fell on Friday and are on track to post a weekly loss.
U.S.Trucking Industry Moving Towards Natural Gas
CNBC reported that the trucking industry is apparently starting switch to natural gas as their fuel of choice.
Tight Supply Makes Natural Gas Best-Performing Commodity
The Financial Post reported that natural gas is the best-performing commodity globally, marking a rise to date this year of 32 percent, which many analysts attribute to a tight supply.
Polish Treasury Minister Fired After Failure to Supervise Relations Between PGNiG and Gazprom
Reuters reported that the Polish Prime Minister has fired his Treasury Minister over allegations that he did not supervise relations between Polish PGNiG and its dealings with Russia's Gazprom. As quoted in the market report:
Woodside Petroleum Q1 Sales Jump 21 Percent, Lifted by Pluto LNG
loomberg reported that Australian Woodside Petroleum announced that their first-quarter sales jumped by 21 percent, due to an uptick in LNG sales from the Pluto project.
Supply to Be Temporarily Interrupted at Sable Offshore Energy Project
Mining Weekly reported that the Sable Offshore Energy Project, located just off the coast of Nova Scotia, is scheduled to undergo maintenance on its natural gas operations beginning April 23 and ending May 5.
Higher Margins Contribute to Reliance Industries’s 32 Percent Profit Increase
Reuters reported that Reliance Industries Ltd announced a quarterly profit increase of 32 percent on higher margins that offset declining oil and gas revneues.
India Working to Lure Foreign Investment with Freeing of Oil, Gas Prices
Bloomberg reported that India, in an effort to draw more foreign investment, is considering freeing prices from locally drilled gas and oil. As quoted in the market report:
