Natural Gas News – December 29, 2017 US BLM moves to rescind Obama-era fracking rule Platts reported: The US Department of the Interior moved quickly Thurs-day to rescind an Obama-era rule regulating hydraulic fracturing on federal and Indian lands after a court declined to hear further appeals filed by Native American and environmental […]
Natural Gas News – December 28, 2017 Seminole Electric Proposes $727M Natural Gas Plant The Tampa Bay Times reported: State regulators will hear arguments in March on proposals for two new natural gas power plants in Putnam and Pasco counties that would supply electricity to customers of electric cooperatives throughout Florida. Filings last week […]
Natural Gas News – December 27, 2017 FERC vacates natural gas storage certificate The Chronicle Express reported: The scales are tipping in favor of Seneca Lake property owners, local businesses, and municipalities that have opposed development of a natural gas storage facility on Seneca Lake’s west side. The Federal Energy Regulatory Commission has vacated the […]
Natural Gas News – December 26, 2017 Alaska Approves Expansion Plan for Point Thomson Gas Field US News reported: JUNEAU, Alaska (AP) — The state has approved ExxonMobil’s plan to expand a gas field in far northern Alaska, ending months of negotiations after a previous plan was rejected. Gov. Bill Walker’s administration gave approval on […]
The oil complex is experiencing moderate losses this morning after a week of steady gains. Across the board, markets were able to reverse their losses yesterday morning and trend higher, rising enthusiasm following Wednesday’s bullish inventory report. This morning, crude prices are currently trading at $57.99, a loss of 37 cents (0.6%). Refined products tracked crude’s gains, with […]
It’s been a calm week for the oil complex, with markets overall picking up some small gains. News this week has been light, as is common for a major holiday week. Crude oil picked up 84 cents between Monday’s opening price and today’s open, a gain of 1.5%. Prices this morning were $58.21. The overall […]
Natural Gas News – December 22, 2017 A $1.7 Billion Natural Gas Pipeline to Ease the Permian Glut Oil Price reported: Kinder Morgan Texas Pipeline, DCP Midstream, and an affiliate of Targa Resources Corp announced on Thursday a final investment decision to proceed with the Gulf Coast Express Pipeline Project (GCX Project), designed to transport […]
Markets experienced mixed results following the EIA’s energy data yesterday, with crude and diesel prices rising moderately while gasoline soared. Crude gained 43 cents (0.7%) yesterday, but are down 40 cent this morning. Currently, crude is trading at $57.69. Diesel prices saw even smaller gains yesterday, picking up an indiscernible 0.16 cents (0.1%). Today, prices […]
Yesterday, the EIA released its weekly report on fundamental oil statistics, the most notable of which was a larger-than-expected crude inventory draw that brought crude inventories down to 436.5 million barrels (MMbbls). Gasoline also got a large, four-cent boost from the 1.2 MMbbl build, which was roughly half the size of market expectations. Over the […]
Natural Gas News – December 21, 2017 Gas Under Threat? California Regulators Target PG&E Natural Gas Plants With Energy Storage Green Tech Media reported: California has already postponed and even canceled plans to build new natural-gas-fired power plants in favor of distributed energy. But it hasn’t proposed to replace an existing power plant with them […]
