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US spot natgas climbs on continued cold, NY ends at 5-yr high NEW YORK: US spot natural gas prices rose across the nation on Thursday, with extreme cold weather in the eastern half of the country pushing New York prices to their highest level in five years.   Early in the day gas for Friday delivery on the Transco pipeline at the New York City gate jumped more than $3 to an average of $39 per million British thermal units, the highest average price for New York gas since peaking at $47 in 2004.   But despite trades as high as $44, the final average price on Transco was $38, just under the 2008 winter peak of $38.35.   Other New York prices traded in the $12.50 to $32.50 area, while other Northeast prices in the $31 to $34 area, according to ICE.   Gas for delivery at the nation's benchmark Henry Hub in Louisiana rose 3 cents on average to $3.56, after slipping 10 cents on Wednesday for gas ...

Brent, US crude hold gains after EIA data NEW YORK: Brent and US crude futures held onto gains on Thursday after an Energy Information Administration report showed US crude stocks rose last week, while gasoline stocks fell and distillate stocks edged higher.   Brent March crude was up 54 cents at $113.34 a barrel at 11:09 a.m. EST (1609 GMT), having traded from $112.40 to $113.60.   US March crude was up $1.07 at $96.30 a barrel, having traded from $95.12 to $96.45.   Copyright APP (Associated Press of ...
US oil price slumps after pipeline cutback NEW YORK: US crude oil prices closed sharply lower Wednesday, dragged down by news that a key pipeline had cut capacity due to a bottleneck.   New York's main contract, West Texas Intermediate, for delivery in March, tumbled $1.45 from Tuesday's close to settle at $95.23 a barrel.   In London trade, meanwhile, Brent North Sea crude for delivery in March settled at $112.80 a barrel, an increase of 38 cents.   The New York market, which had been trading slightly ...
US weekly power output rises 1.0pc yr/yr: EEI NEW YORK: Power production in the continental United States for the week ended Jan. 19 rose 1.0 percent from a year earlier to 79,508 gigawatt hours (GWh), according to data released on Wednesday by the Edison Electric Institute.   Output dropped in five of nine US regions, with the largest year-on-year loss in the Central Industrial region, where output dropped 7.7 percent to 13,267 GWh.   The South Central region showed the largest year-on-year gains in output, rising 19.9 ...
Most US spot natgas slides, Cold lifts NY prices to 5-yr high NEW YORK: US spot natural gas prices slid on Wednesday at most price points for the first time in three sessions and only the second time in eight sessions, pressured by moderating weather in the South and West that curbed heating demand.   But with extreme cold still on the horizon for the Northeast, regional gas prices in New York rose to their highest level in five years.   With cold temperatures that topped out near just 20 degrees ...
Colombian oil pipeline bombed after rebels lift ceasefire BOGOTA: Suspected FARC rebels detonated explosives along a section of an oil pipeline near Colombia's border with Ecuador, the state oil company said Monday.   The attack late Sunday came the same day the Revolutionary Armed Forces of Colombia ended a ceasefire it declared unilaterally two months ago as it began peace talks with the Colombian government in Havana.   A spokesman for Ecopetrol, the state-owned oil company, told AFP that the attack occurred in a section of the ...
Canadian LNG project finds buyer for its gas CALGARY: Golar LNG Ltd, which bills itself as one of the world's largest independent operators of liquefied natural-gas carriers, said on Monday it and LNG Partners LLC have agreed to buy all the output of the Douglas Channel LNG project, the first such contract for Canada's nascent LNG industry.   Golar said in a release that it and privately held LNG Partners will buy the 700,000 tonnes of LNG per year, beginning by mid-2015, to be produced ...


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