Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-02-21 22:10:00

GAS PRICES RISE

U.S. GAS PRICES RISE

Natural gas prices are surging in their biggest move in a week as severely cold weather boosts demand and pushes prices to a three-week high.

Natural gas for March delivery recently was up 12.7 cents, or 4.5%, at $2.961 a million British thermal units on the New York Mercantile Exchange. It would be the seventh gain in nine sessions.

Power plants have been consuming more gas, helping to balance an oversupplied market, Tudor, Pickering, Holt & Co., an energy investment bank in Houston, said in a note. Now, severely cold weather is driving demand for heating fuel, too, and traders could bid prices up to $3/mmBtu for the first time in a month, the bank said.

An Alberta clipper is likely to push Arctic cold over the northern tier of the country next week, with severely cold weather covering most of the country, according to Weather Services International in Andover, Mass. The agency predicts temperatures below freezing as far south as Dallas and temperatures in the single digits as far west as Colorado, expanding the severe cold that's already settled in over the Northeast and Midwest.

Half of U.S. homes use natural gas heat, which is likely to help set a record for demand in the Northeast on Friday, the U.S. Energy Information Administration said, citing data from consultants Bentek Energy. Regional demand had hit a record Monday of 43.1 billion cubic feet, surpassing the record from January 2014's historic polar vortex cold front, EIA said.

The rush has spiked local spot prices to as high as $80/mmBtu for the Transco Z6 delivery points in New Jersey and Pennsylvania on Thursday. Cash prices at the Transco Z6 in New York traded in a bid-ask range of $8.50/mmBtu to $20.00/mmBtu, compared with Thursday's range of $17 to $35.

The surge in futures could bring more traders into the market, said Scott Gettleman, an independent trader in New York. He expected prices to keep rallying Friday, saying the move should have started earlier this week.

"We all knew the weather was coming," he said. "It's not a surprise. I've been wondering about this for days."

Prices had stayed in a 33-cent range this month, likely a delayed effect from mild weather in late January and early February, analysts said. Above-normal temperatures had led to a series of far-below-normal storage withdrawals in recent weeks, raising expectations that a healthy supply cushion would suppress prices.

Now the surge of cold and home heating demand have led analysts to lower their expectations for the amount of gas in storage by the end of the winter, likely feeding the rally, Tudor, Pickering said. Macquarie Group Ltd. said Thursday that it cut its forecast for the amount of gas in storage by April 1 to 1.6 trillion cubic feet, down from 1.7 trillion.

Physical gas for next-day delivery at the Henry Hub in Louisiana last traded at $3.07/mmBtu, compared with Thursday's range of $2.925-$3.00.

wsj.com

Tags: U.S., GAS, PRICES

Chronicle:

U.S. GAS PRICES RISE
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

U.S. GAS PRICES RISE
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

U.S. GAS PRICES RISE
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

U.S. GAS PRICES RISE
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

All Publications »