Natural Gas News – November 23, 2020 Climate Targets Could Slash Natural Gas Investment By $1 Trillion Limiting global warming to 2 degrees Celsius above the temperature in pre-industrial times could mean significantly reduced investments in natural gas supply through 2040, analysts warn. If the world is to go down the 2-degree pathway, investment in […]
Oil prices are rising this morning following yet another vaccine, Oxford-AstroZenaca, announcing results showing an average 70% effectiveness. Behind that average, though, the study found that certain doses were as much as 90% effective. Numerous vaccines mean more producers can work on manufacturing simultaneously, meaning more vaccines available sooner for distribution. The head of America’s […]
This morning crude is up sharply on news of progress on a potentially extremely effective coronavirus vaccine. Oil traders are connecting the dots between a highly effective vaccine and future rising demand for fuel and travel. In addition, the certainty of a Biden victory in the US election and a weaker dollar are also exerting […]
Natural Gas News – November 5, 2020 TECO announces January rate hikes due to increasing natural gas prices Pointing primarily to higher costs of natural gas for power plants, Tampa Electric Co. (TECO) said Tuesday that customer bills will increase in January. The announcement came after the Florida Public Service Commission approved a series of […]
On Tuesday, WTI crude closed higher on positive demand news out of China and positive supply chatter from OPEC+. In early traing this morning markets continue to rise even in the face of uncertain US Election results. Votes continue to be counted in a tight US election in which Biden has a small electoral vote […]
Forget Fracking, Oil Stocks Will Likely Move More On These Factors Post-Election Whoever wins the presidential election will help shape the U.S. energy industry long term, but the victory will have less impact on oil stocks in the near term as weak demand during the coronavirus pandemic weighs on oil prices. Click here to read […]
Natural Gas News – November 3, 2020 The Global Hub for Trading Natural Gas Moves to the Netherlands The Dutch natural gas market is reinforcing its position as one of the most important trading hubs in the world. Trade on the Dutch Title Transfer Facility, as the market is known, is surging as Europe increased […]
Hurricane Zeta has strengthened to a Category 1 Hurricane as it travels toward the Gulf Coast. Heavy wind, rain, and storm surge 5-8 feet over normal tide levels are expected to hit the coast by this afternoon. The storm is south-southwest of the mouth of the Mississippi river with sustained winds of 75 mph. Zeta is moving […]
Tropical Storm Zeta is currently southeast of Cozumel, Mexico. It has sustained winds of up to 70 mph and is expected to strengthen into a hurricane as it moves northwest. The storm is expected to make landfall along the US Gulf Coast on Wednesday at or near hurricane strength. Like many other storms this year, […]
Markets are slipping this morning as coronavirus cases continue mounting worldwide. Both the US and European countries are setting new records for number of new cases reported, which adds to concerns that lockdowns will be required heading into the winter. European countries including Spain, Italy, France, the UK, and Ireland have all tightened restrictions over […]
