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Natural Gas Prices

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  • Uzbekistan Wants to Hike Russia Gas Price Thursday, 29 Nov 2007 | 6:03 AM ET
    Gas Compressor

    Uzbekistan wants to charge Russia more for its gas supplies from next year and will negotiate a new deal in December, an Uzbek energy official said on Thursday.

  • El Paso to Buy Half-Interest in LNG Project Wednesday, 28 Nov 2007 | 11:35 AM ET

    Natural gas producer and pipeline company El Paso Wednesday it has entered into an agreement to acquire a 50 percent interest in a liquefied natural gas project in Mississippi from Crest Group and Sonangol.

  • Russia to Sign Turkmenistan Pipeline Deal Soon Friday, 23 Nov 2007 | 5:37 AM ET
    Oil Pipeline

    Russia and Turkmenistan will soon sign a final agreement on a new natural gas pipeline, Russian Prime Minister Viktor Zubkov said on Friday, ending months of uncertainty surrounding the project.

  • Fill'er Up? For Some Big Cars, It Now Costs $100 Tuesday, 20 Nov 2007 | 4:43 PM ET

    Nearly 32 million Americans will take to the roads this week for the Thanksgiving holiday, seemingly undeterred by retail gasoline prices over $3 a gallon — a figure that is translating to $100 fill ups for some.

  • US Energy Sec: Not Worried by OPEC Dollar Debate Tuesday, 20 Nov 2007 | 5:25 AM ET

    U.S. Energy Secretary Sam Bodman said on Tuesday the United States was not concerned about the debate within OPEC on whether it should seek an alternative to the dollar in pricing oil.

  • Devon Profit Rises, Helped by Production Boost Wednesday, 7 Nov 2007 | 8:23 AM ET

    Independent exploration and production company Devon Energy on Wednesday said  third-quarter net profit rose 4 percent, as a 10 percent increase in production helped offset lower natural gas prices.

  • GM to Take $39 Billion Charge, Faces Challenges Tuesday, 6 Nov 2007 | 10:00 PM ET
    GM logo, General Motors logo

    General Motors said it would book a $39 billion non-cash charge in the third quarter, reflecting the risk of a slower turnaround that could keep it from claiming expected future tax credits in key markets.  GM will report third-quarter results on Wednesday.

  • El Paso Profits Up 16% on Higher Natural Gas Prices Tuesday, 6 Nov 2007 | 7:48 AM ET

    Natural gas producer and pipeline company El Paso posted a 16 percent rise in third-quarter profit on Tuesday, boosted by higher natural gas output and prices.

  • $100 Oil? Friday, 2 Nov 2007 | 3:47 AM ET

    Crude oil futures breached the $96 level this past week.  Next stop $100?  That’s the talk dominating the market. And the key question is not if, but when, we get there. Oil is up almost 60 percent from a year ago and it’s jumped 19 percent in the past month. Given the blistering pace of oil’s appreciation, market watchers are not ruling out a triple-digit oil price by the end of the year, if not earlier.  So what's in store for the not so distant future?

  • Oil 'Bubble' Will Burst: Iran Oil Minister Wednesday, 31 Oct 2007 | 7:43 AM ET
    Oil Pipeline

    An oil price "bubble" was not due to any shortage but was fuelled by global political tensions, a leading Iranian oil official told the state broadcaster.

  • Puget Energy to Be Acquired for $3.5 Billion Friday, 26 Oct 2007 | 12:24 PM ET

    An investor group led by Macquarie Bank agreed to buy utility Puget Energy in a deal worth $3.51 billion in the Australian bank's latest foray into the North American energy sector.

  • US Natural Gas in Storage Grows Friday, 19 Oct 2007 | 11:15 AM ET

    Natural gas in storage in the U.S. grew last week and is 6.7 percent above the five-year average for this time of year, a government report said Thursday.

  • Global Oil Demand Forecasts Cut for Forth Quarter: IEA Thursday, 11 Oct 2007 | 5:49 AM ET
    Oil Refinery

    World oil demand will grow more slowly than expected in the fourth quarter as record-high oil prices prompt some consumers to seek alternatives, the International Energy Agency said on Thursday.

  • Home Heating to Cost 10% More This Winter Tuesday, 9 Oct 2007 | 11:36 AM ET

    U.S. consumers will pay 10 percent more to warm their homes this winter, with the seasonal cost for all heating fuels averaging $997, or $88 more, than last year, the government said Tuesday.

  • Kazakhstan Reassures Eni-Led Consortium on Contract Monday, 8 Oct 2007 | 9:41 AM ET

    Kazakhstan's president pledged Monday not to review a major oil development contract with an international consortium led by Italy's Eni amid tensions sparked by production delays.

  • Turkey to Fund $3.5 Billion Iran Gas Deal Alone: Sources Wednesday, 3 Oct 2007 | 11:29 AM ET

    Turkey will finance a $3.5 billion investment in Iranian gas production entirely from a state company of its own as U.S. opposition has put off foreign investors, Energy Ministry officials said on Wednesday.

  • Russia Says Reached Deal with Ukraine on Gas Debt Wednesday, 3 Oct 2007 | 9:14 AM ET

    Russia said on Wednesday it had reached a deal with Ukraine over a large gas debt after threatening to reduce supplies, but Kiev denied that it owed as much as the $1.3 billion cited by Moscow.

  • GM Sales Rise in September, While Ford, Toyota Fall Tuesday, 2 Oct 2007 | 3:28 PM ET

    General Motors said U.S. sales rose nearly 4% in September, boosted by incentives on its pickup trucks, while Ford Motor and Toyota Motor posted declines.

  • September Auto Sales Expected to Decline Friday, 28 Sep 2007 | 4:20 PM ET
    2008 Honda Accord

    September auto sales are expected to be weak due to a credit crunch, high gas prices and the troubled housing market, reflecting an overall slowdown for the year but little effect from the brief strike against General Motors, industry analysts say.

  • Russia's resources ministry asked the new prime minister on Friday to approve its plan to make oil firms spend billions of dollars on cutting the amount of gas wastefully flared off during oil production.