Tag

winter

Article, Economy / Finance, Energy, Utilities and Providers

Nat gas prices hit by surplus, mild winter

April 17, 2016

With the warmest winter on record this year and continued high levels of natural gas production, the U.S. ended the season with more gas stored than ever before. By producing so much gas and putting so much away, the industry is likely to face continued low prices for the commodity, not encouraging news for the sector. But the combination of factors also means more opportunities to sell gas to power plants, the U.S. Energy Information Administration says in a new report. (Read more)

Continue reading
by Bill Loveless
Article, Consumer, Economy / Finance, Energy, Utilities and Providers, Weather

Winter of discontent for oil and gas producers

March 13, 2016

U.S. consumers saved substantially on their heating bills this winter, as the country enjoyed its warmest winter ever. But with the first day of spring just a few days away, not everyone is rejoicing. “If you’re a consumer, it’s great. But if you’re the guy responsible for producing the stuff, it’s not. This is a rough time,” said Porter Bennett, a longtime analyst of U.S. energy markets. In fact, Bennett’s firm, Ponderosa Energy, just put out a report whose title sums up the situation confronting oil and gas producers: “Winter of Discontent”. (Read more)

Continue reading
by Bill Loveless