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By Mark Shenk, Bloomberg |
February 13, 2013
West Texas Intermediate oil in New York dropped after the Energy Information Administration said U.S. crude output rose to the highest level in 20 years.
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By Asjylyn Loder, Bloomberg |
February 13, 2013
A record surge in U.S. oil production that has moved the country closer to energy independence threatens the existence of OPEC, according to analysts at Citigroup Inc.
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By Christine Buurma, Bloomberg |
February 12, 2013
The U.S. raised its forecast for natural gas output in 2013 by 0.3% and lowered its outlook for prices. Marketed gas production will average a record 70.02 billion cubic feet a day this year.
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By Phil Flynn |
January 29, 2013
RBOB futures soared and rocked to the highest level since last September as concern about tight supply in a New York harbor is causing a bit of panic. It seemed to get an extra shot of enthusiasm when Hess announced it is exiting the refining business
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By Moming Zhou, Bloomberg |
January 14, 2013
Oil rose to the highest level in almost four months as service began on the expanded Seaway pipeline and heating oil jumped.
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By Matthew Brown, Bloomberg |
January 11, 2013
Profits from selling U.S. liquefied natural gas abroad may be elusive, belying the $60 billion race for export licenses as the price gap between Asia and North America shrinks from record levels.
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By Wael Mahdi and Grant Smith, Bloomberg |
January 10, 2013
Saudi Arabia, the world’s largest crude exporter, reduced production to the lowest in 19 months as booming U.S. output and recovering shipments from Iraq threaten to oversupply the global oil market.
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By Stephen Kirkland and Rita Nazareth, Bloomberg |
January 8, 2013
U.S. stocks retreated for a second day as investors awaited fourth-quarter earnings reports, while European shares erased earlier gains triggered after economic confidence grew more than forecast. The yen and gold advanced.
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By Naureen S. Malik, Bloomberg |
January 8, 2013
The U.S. raised its forecast for natural gas output in 2013 by 0.4 percent and increased its outlook for prices by 1.6 percent on more normal winter heating demand.
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By Naureen S. Malik, Bloomberg |
January 7, 2013
Natural gas futures advanced for a second day in New York on speculation that colder weather will help erode a surplus of the heating fuel.
