Gas Prices News
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Natural gas futures extended gains after the U.S. conditionally approved a Texas liquefied natural gas project.
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Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal.
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Nigeria LNG Ltd. was directed to pay outstanding levies to the country’s maritime regulator after a state arbitration panel ruled the operator of Africa’s biggest liquefied natural gas export terminal isn’t exempt from taxes.
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Nigeria LNG Ltd., Africa’s largest liquefied natural gas export terminal, said it declared force majeure on exports following a Royal Dutch Shell Plc halt on deliveries after discovering a supply pipeline leak.
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The European Commission should do more to help European Union member states come up with financing for energy-efficiency projects, Irish Energy Minister Pat Rabbitte said.
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Natural gas futures may slide next week as moderate weather subdues demand for the power-plant fuel, a Bloomberg survey showed.
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Natural gas futures traded higher today, regaining some of yesterday’s loss after U.S. stockpile increases exceeded forecasts.
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Natural gas futures fell the most in two weeks in New York after a U.S. stockpile increase exceeded forecasts.
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Wal-Mart Stores Inc., the world’s largest retailer, forecast second-quarter profit that was less than analysts estimated as the slow U.S. economy and higher taxes put pressure on consumers.
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U.S. natural gas prices, pushed to a record high after hurricanes Katrina and Rita barreled through the Gulf of Mexico eight years ago, are now more vulnerable to winter freezes than tropical storms after production moved onshore with the growth of drilling in shale formations.
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