Americas
Tuesday, 11 September 2012 23:42
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CALGARY: Canadian spot natural gas prices jumped to their highest levels in more than four weeks on Tuesday as futures surged and temperatures in Eastern markets were forecast to climb.
Spot gas at the AECO storage hub in southeastern Alberta rose 18 Canadian cents to average C$2.26 a gigajoule, the highest since Aug. 9. Deals were done between C$2.18 and C$2.32 a GJ.
Daytime temperatures in Toronto, Canada's largest market, are forecast to climb to well above normal for the rest of the week then moderate by Sunday, Environment Canada said. Southern Alberta temperatures will be on either side of normal through Monday.
Alberta's main pipeline system ran at 15.87 billion cubic feet, 366 million cubic feet under TransCanada Corp's target line pack. Producers delivered 9.36 bcf into the system and a net 424 mmcf was placed into storage facilities in the province.
Export prices also climbed. Spot gas at Niagara, for shipment into ...
CALGARY: Canadian spot natural gas prices rose on Monday on higher weekday demand and tight short-term supplies in Alberta.
Spot gas at the AECO storage hub in southeastern Alberta rose 11 Canadian cents from Friday to average C$2.08 a gigajoule. Deals were done between C$2.04 and C$2.08 a GJ.
Temperatures in Toronto, Canada's largest market, are forecast warmer than usual for the next three days then cooling to the average through the weekend, Environment Canada said. Southern ...
NEW YORK: US crude futures edged up on Monday in choppy trading, settling a few cents higher, as supportive expectations that the US Federal Reserve would act to stimulate the economy countered pressure from weak Chinese data that raised concerns about demand for oil.
US crude rose 12 cents, or 0.12 percent, to settle at $96.54 a barrel, after slumping to $95.34, with the session peak of $96.63 only 2 cents above the $96.61 200-day moving ...
NEW YORK: Most US spot natural gas prices slid for a third straight session on Monday, bucking the typical rise on the return of weekday industrial demand, as milder weather crimped loads across most of the nation.
In addition, shut-in Gulf of Mexico gas production from Hurricane Isaac had nearly returned to normal by Monday, adding more weight to the downside.
But some traders expect a high number of nuclear outages to help limit more losses.
Shut-in offshore ...
VLADIVOSTOK: Mexico, the world's seventh-largest oil producer, needs to change its oil exploration laws to boost output by allowing foreign oil firms greater access, outgoing President Felipe Calderon said on Saturday.
Mexico's oil industry is dominated by state monopoly Pemex and private companies have limited access to the market. The country faces a key test as production has fallen sharply in recent years and Pemex risks becoming a net importer of crude within a decade.
Calderon, who ...
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