The North American Shift from Natural Gas to Oil
With natural gas currently trading at a ten-year low, more and more companies are shifting their corporate strategies to liquid oil.
With natural gas currently trading at a ten-year low, more and more companies are shifting their corporate strategies to liquid oil.
IBTimes reported that South Korea has committed to investing in oil, natural gas and rare earth projects to reduce its dependence on energy imports.
Xebec Adsorption Inc. (TSX:XBC) announced it has a purchase order for a Pressure Swing Adsorption system to be installed in India.
Bloomberg reported that US natural gas inventories fell less than usual for this time of year.
Bloomberg reported that Canadian natural gas prices dropped due to mild temperatures and abundant US supply.
Petro-Reef Resources Ltd. (TSXV:PER) announced increases to both production and reserves.
Bloomberg reported that anticipated record US gas stores kept Canadian natural gas prices stable.
Following a $2.2 billion deal that will see Sinopec acquire Daylight Energy, analysts believe Chinese firms may be poised for a shopping spree in Canada’s natural gas sector.
Gas prices maintain their stubborn streak, but drillers remain active with the US winter heating season set to begin late in Q4.
Bloomberg reported that Canadian natural gas prices decreased on higher inventories.
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