Tuesday, December 29, 2009
Copenhagen Climate Change Conference 2009, Copenhagen Climate Summit 2009
Copenhagen Climate Change Conference 2009, Copenhagen Climate Summit 2009: "Copenhagen Climate Change Conference 2009 - News"
Monday, November 9, 2009
Oil prices above $79 on gulf storm, weaker dollar
Oil and gasoline futures rose Monday as a tropical storm heading into the Gulf of Mexico and the U.S. dollar both weakened.
Ida had been listed as a Category 1 hurricane until midmorning, a storm that can take 1.3 million barrels off the market.
Yet the U.S. National Hurricane Center downgraded Ida to a tropical storm once its top sustained winds fell close to 70 mph and it appeared to be heading east of the most crowded region in the gulf as far as energy production goes.
There are also huge surpluses of crude, gasoline in distillates because of the recession, meaning the reaction to the storm was muted as far as energy prices.
Ida was the first Atlantic hurricane to approach the United States this year.
The latest storm track projection showed Ida brushing near Louisiana and Mississippi, then making landfall overnight near Alabama before continuing across north Florida.
Benchmark crude for December delivery on Monday gained $1.85 to $79.28 a barrel on the New York Mercantile Exchange.
Since hurricanes Gustav and Ike raked the gulf last year, there have been no major threats to the energy complex and demand for crude has left the country well supplied.
Crude oil stocks are 23.8 million barrels, or 7.62 percent, higher than a year ago. Gasoline stocks are up 13.6 million barrels, or 7 percent, and distillate stocks are up 39.8 million barrels, or 31.2 percent, higher than a year ago, according to energy consultancy Cameron Hanover.
The dollar, however, continues to fall and helped to push oil prices higher to start the week.
Investors holding euros or other strong currencies can buy more dollar-based crude, and that has sent prices higher throughout the year. Oil rose to $82 last month, its 2009 high, from $32 in December.
"At this point it seem unlikely that there will be any major damage to the facilities in the Gulf, yet the market has to be cautious," said PFGBest analyst Phil Flynn. "It is hard to determine how much of the rally in oil is Ida related and how much is it is dollar related."
The average price for a gallon of regular gasoline fell a half penny overnight to $2.664, according to auto club AAA, Wright Express and Oil Price Information Service. That's 18.8 cents more than a month ago, and 40.5 cents more than gas cost at this time last year.
The Energy Department releases its figures on retail gas prices later Monday.
In other Nymex trading, heating oil rose 4.8 cents to $2.0495 a gallon. Gasoline for December delivery gained 4.95 cents to $1.9738 a gallon. Natural gas for December delivery lost 1.8 cents to $4.577 per 1,000 cubic feet.
In London, Brent crude for December delivery fell $1.50 to $77.37 on the ICE Futures exchange.
This is an extract from http://www.google.com/hostednews/ap/article/ALeqM5i4_q7DtiEHvUTVNlJoaJ9ufkd1kgD9BS3MV00
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For Oil & Gas Prices , Oil Price History, Oil Price Research.
Ida had been listed as a Category 1 hurricane until midmorning, a storm that can take 1.3 million barrels off the market.
Yet the U.S. National Hurricane Center downgraded Ida to a tropical storm once its top sustained winds fell close to 70 mph and it appeared to be heading east of the most crowded region in the gulf as far as energy production goes.
There are also huge surpluses of crude, gasoline in distillates because of the recession, meaning the reaction to the storm was muted as far as energy prices.
Ida was the first Atlantic hurricane to approach the United States this year.
The latest storm track projection showed Ida brushing near Louisiana and Mississippi, then making landfall overnight near Alabama before continuing across north Florida.
Benchmark crude for December delivery on Monday gained $1.85 to $79.28 a barrel on the New York Mercantile Exchange.
Since hurricanes Gustav and Ike raked the gulf last year, there have been no major threats to the energy complex and demand for crude has left the country well supplied.
Crude oil stocks are 23.8 million barrels, or 7.62 percent, higher than a year ago. Gasoline stocks are up 13.6 million barrels, or 7 percent, and distillate stocks are up 39.8 million barrels, or 31.2 percent, higher than a year ago, according to energy consultancy Cameron Hanover.
The dollar, however, continues to fall and helped to push oil prices higher to start the week.
Investors holding euros or other strong currencies can buy more dollar-based crude, and that has sent prices higher throughout the year. Oil rose to $82 last month, its 2009 high, from $32 in December.
"At this point it seem unlikely that there will be any major damage to the facilities in the Gulf, yet the market has to be cautious," said PFGBest analyst Phil Flynn. "It is hard to determine how much of the rally in oil is Ida related and how much is it is dollar related."
The average price for a gallon of regular gasoline fell a half penny overnight to $2.664, according to auto club AAA, Wright Express and Oil Price Information Service. That's 18.8 cents more than a month ago, and 40.5 cents more than gas cost at this time last year.
The Energy Department releases its figures on retail gas prices later Monday.
In other Nymex trading, heating oil rose 4.8 cents to $2.0495 a gallon. Gasoline for December delivery gained 4.95 cents to $1.9738 a gallon. Natural gas for December delivery lost 1.8 cents to $4.577 per 1,000 cubic feet.
In London, Brent crude for December delivery fell $1.50 to $77.37 on the ICE Futures exchange.
This is an extract from http://www.google.com/hostednews/ap/article/ALeqM5i4_q7DtiEHvUTVNlJoaJ9ufkd1kgD9BS3MV00
=================================================
For Oil & Gas Prices , Oil Price History, Oil Price Research.
Saturday, November 7, 2009
Gas prices take slow turn down
This is the time of year that usually brings price drops at the gasoline pumps, but, gas prices throughout Southern California hover around the $3-a-gallon mark.
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.013 per gallon, which is a penny less than last week, a nickel less than last month, and 24 cents higher than last year.
On the Central Coast, the average price is $3.10, down three-tenths of a cent from last week, six cents lower than a month ago, and 27 cents above last year.
In the Inland Empire, the average per gallon price is $2.996, which is eight-tenths of one cent less than last week, five cents less than last month, and 29 cents more than last year.
“For almost half of this year, Southern Californians have been paying gas prices that have stayed within 20 cents of $3 a gallon – either above or below. It seems unlikely that we’ll see a significant price drop outside of that range for the rest of this year," Auto Club spokesperson Jeffrey Spring said in a statement.
This is an extract from http://losangeles.bizjournals.com/losangeles/stories/2009/11/02/daily37.html
The average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.013 per gallon, which is a penny less than last week, a nickel less than last month, and 24 cents higher than last year.
On the Central Coast, the average price is $3.10, down three-tenths of a cent from last week, six cents lower than a month ago, and 27 cents above last year.
In the Inland Empire, the average per gallon price is $2.996, which is eight-tenths of one cent less than last week, five cents less than last month, and 29 cents more than last year.
“For almost half of this year, Southern Californians have been paying gas prices that have stayed within 20 cents of $3 a gallon – either above or below. It seems unlikely that we’ll see a significant price drop outside of that range for the rest of this year," Auto Club spokesperson Jeffrey Spring said in a statement.
This is an extract from http://losangeles.bizjournals.com/losangeles/stories/2009/11/02/daily37.html
Sunday, November 1, 2009
Cap and Trade, Clean energy Bill, Carbon Credits News, Climate Change News & Carbon Market news
Cap and Trade, Clean energy Bill, Carbon Credits News, Climate Change News & Carbon Market news: "Clean Energy News, Carbon Credits News,
Climate Change News & Carbon Market News"
Climate Change News & Carbon Market News"
Friday, October 16, 2009
Thursday, October 15, 2009
Gas Prices Jump after Nine Week Slump
This is an extract from http://arkansasmatters.com/content/news/fulltext?cid=262881
Reported by: Newsroom Solutions
Wednesday, Oct 14, 2009 @08:00am CDT
Some Americans might be wondering if the pain at the gas pump is making a comeback.
The nationwide average price for gasoline rose last week for the first time in nine weeks.
The national average for regular gasoline took a two-point-one-cent jump settling at $2.49 a gallon.
That average is 66 cents lower than a year ago.
In Arkansas, the average today is $2.31 a gallon.
The Energy Information Agency says as usual, the highest gasoline prices are in the West.
The stiffest price is being paid by San Francisco motorists at $3.06 per gallon.
The lowest prices for fuel are found in the Gulf Coast states and are lowest in Houston where the average is $2.24.
The Energy Department blames the higher price on higher priced crude oil which accounts for about half the cost of producing gasoline.
The West Coast also has the priciest diesel fuel averaging $2.73 per gallon.
Reported by: Newsroom Solutions
Wednesday, Oct 14, 2009 @08:00am CDT
Some Americans might be wondering if the pain at the gas pump is making a comeback.
The nationwide average price for gasoline rose last week for the first time in nine weeks.
The national average for regular gasoline took a two-point-one-cent jump settling at $2.49 a gallon.
That average is 66 cents lower than a year ago.
In Arkansas, the average today is $2.31 a gallon.
The Energy Information Agency says as usual, the highest gasoline prices are in the West.
The stiffest price is being paid by San Francisco motorists at $3.06 per gallon.
The lowest prices for fuel are found in the Gulf Coast states and are lowest in Houston where the average is $2.24.
The Energy Department blames the higher price on higher priced crude oil which accounts for about half the cost of producing gasoline.
The West Coast also has the priciest diesel fuel averaging $2.73 per gallon.
Natural Gas Prices Disregard Crude Oil Rally
This is an extract from http://www.transworldnews.com/NewsStory.aspx?id=130116&cat=12 dated 15th of Oct 2009.
Yesterday was another dismal day for the U.S. Dollar. As it fell to 2009 lows, equities and crude oil rallied. The rally started as Intel and JP Morgan released positive earnings. By the end of the day, the Dow climbed to its highest point yet in 2009, as did the November 2009 crude oil NYMEX contract as it neared $76 per barrel.
“Crude oil prices are moving upward as if demand is outpacing supply,” says Valerie Wood, President of Energy Solutions, Inc. “That’s not the case, but fundamentals don’t matter at this time. Investors are flocking to crude oil because of the weaker dollar.” In order for the trend to change, the U.S. dollar has to strengthen against other currencies, and that is unlikely to occur without some sort of intervention by the U.S. government relative to its current monetary policy.
“In the meantime, natural gas is in its own world,” says Wood. “Record level storage inventories have been a key factor in pushing natural gas prices lower. Right now, there is a lot of natural gas supply, and industrial demand isn’t yet showing signs of any significant rebound.”
Learn more about the direction of crude oil prices and natural gas prices in the October edition of The Advisor. Request your complimentary copy by sending your request to request-oct-pr15@energysolutionsinc.com or call (608) 848-9859.
Yesterday was another dismal day for the U.S. Dollar. As it fell to 2009 lows, equities and crude oil rallied. The rally started as Intel and JP Morgan released positive earnings. By the end of the day, the Dow climbed to its highest point yet in 2009, as did the November 2009 crude oil NYMEX contract as it neared $76 per barrel.
“Crude oil prices are moving upward as if demand is outpacing supply,” says Valerie Wood, President of Energy Solutions, Inc. “That’s not the case, but fundamentals don’t matter at this time. Investors are flocking to crude oil because of the weaker dollar.” In order for the trend to change, the U.S. dollar has to strengthen against other currencies, and that is unlikely to occur without some sort of intervention by the U.S. government relative to its current monetary policy.
“In the meantime, natural gas is in its own world,” says Wood. “Record level storage inventories have been a key factor in pushing natural gas prices lower. Right now, there is a lot of natural gas supply, and industrial demand isn’t yet showing signs of any significant rebound.”
Learn more about the direction of crude oil prices and natural gas prices in the October edition of The Advisor. Request your complimentary copy by sending your request to request-oct-pr15@energysolutionsinc.com or call (608) 848-9859.
Sunday, October 11, 2009
Wednesday, September 2, 2009
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