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Coming Higher U.S. Natural Gas Prices Should Help Low Cost Producer Chesapeake Energy
2015-06-30 18:15:58| Oil & Gas - Topix.net
Natural gas exports to Mexico are expected to increase by over 2.1 bcf/d in 2015 to about 4 bcf/d. Approximately 7 bcf/d of US LNG export capacity is already under construction.
Low Gas Prices Driving Auto Sales and Summer Travel
2015-06-05 23:17:20| Auto Dealers - Topix.net
You may want to book that road trip or buy that new truck or SUV because gas prices are likely to remain near six-year lows for the 2015 summer travel season. Michael Green, spokesperson at AAA tells FOXBusiness.com, "It is practically guaranteed that Americans will pay the cheapest summertime gas prices since 2009," Green also notes that while OPEC's decision Friday to keep production levels steady, at 30 million barrels a day, was expected, "it is still good news for drivers."
Oil Search says low prices to stay
2015-05-30 05:11:38| Energy - Topix.net
Oil Search boss Peter Botten has warned oil prices are likely to stay low for the next five years, putting up to $5.5 trillion worth of projects around the world at risk. Mr Botten said the rise of US shale producers, combined with OPEC countries' determination to preserve their market share meant it would be difficult for oil prices to rise significantly above their current levels.
Oil Search says low prices to stay
2015-05-29 09:50:59| Oil & Gas - Topix.net
Oil Search boss Peter Botten has warned oil prices are likely to stay low for the next five years, putting up to $5.5 trillion worth of projects around the world at risk. Mr Botten said the rise of US shale producers, combined with OPEC countries' determination to preserve their market share meant it would be difficult for oil prices to rise significantly above their current levels.
Low sugar prices hurt South Africa's Illovo Sugar, Tongaat
2015-05-26 08:45:51| Sugar Industry News
JOHANNESBURG (Reuters) - Illovo Sugar Ltd and Tongaat Hullett, Africa's two biggest producers of the sweetener, reported weaker full-year profits on Monday, blaming softer global prices and lower output, sending their shares sliding.
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