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Tag Archives: natural gas prices

Silverstein: Natural gas will give the industry the ‘oomph’ it needs

Renewable energy creates jobs and helps minimize air pollutants, but the growth of America’s energy sector is hinged on good ol’ oil and gas, according to Forbes columnist Ken Silverstein. “If the United States is to see the 3.6 percent growth in annual output, the oomph will come from the increase in oil and natural gas production,” Silverstein writes. “Ironic, ...

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UGI plans to cut natural gas prices

natural gas

Get ready for a smaller natural gas bill this summer, thanks to fracking. That’s the message from UGI Utilities Gas Division, which plans to cut customers’ purchased gas rate by 7 percent, attributing the lower purchase price to abundant Marcellus Shale gas supplies. “Nearly 90 percent of UGI’s natural gas supplies now come from locally produced Marcellus Shale, and our ...

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Nat gas prices are on the rise

The U.S. Energy Information Administration shared today that U.S. natural gas stocks have increased by 111 billion cubic feet for the week ending on May 1 and that storage will see a small increase of about 125 billion cubic feet. As reported by 24/7 Wall St., “Natural gas futures for June delivery traded down about 1.1% in advance of the ...

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Pioneer to close Denver office

Pioneer Natural Resources

Another energy company is leaving the Denver area, and it’s taking about half of its jobs with it, the Denver Business Journal reports. Pioneer Natural Resources announced yesterday that it will close its Denver office and cut about 100 jobs at its Trinidad field office “as a result of continued weakness in natural gas prices and the recent collapse of ...

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National Fuel Gas to lower prices

natfuel

Bill Clinton was a first-term president and gasoline was selling for $1.24 a gallon the last time natural gas prices were this low. National Fuel Gas Distribution Corp. has announced that the delivered price of natural gas will fall 6.46 percent, effective today. The resulting price is the lowest in 19 years. A typical residential customer — one who uses ...

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Supreme Court sides with Wisconsin companies in natural gas price manipulation case

gavel

The U.S. Supreme Court on Tuesday sided with Wisconsin companies and others that allege gas companies conspired to overcharge them for natural gas they bought during the California energy crisis nearly 15 years ago. The justices decided 7-2 to that the companies involved in natural gas trading, including American Electric Power Co., and Duke Energy Co., can be sued under ...

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High court: Energy companies must face price fixing claims

WASHINGTON — The Supreme Court says a group of energy companies can be sued under state antitrust laws for illegally manipulating natural gas prices more than a decade ago during California’s energy crisis. The justices on Tuesday ruled 7-2 against American Electric Power Co., Duke Energy Co. and other natural gas traders arguing that federal law precludes state law claims. ...

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Greyrock makes the most of natural gas prices

natural gas prices rise

It’s been a rough couple of months for the oil industry, and natural gas has suffered right along with it. As warmer spring weather disperses throughout the country, final thaws chase out the peak season for natural gas consumption. 24/7 Wall St. reports natural gas futures dipped below the 52-week low of $2.58. As of last Thursday, natural gas prices ...

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