Natural Gas

Oil

Ranking US states by job creation in past 5 years

WASHINGTON (AP) — Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country.

Some states have boomed. Others have struggled to add jobs.

North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase -- by far the best in the country. New Mexico, hard hit by federal spending cuts, is the only state that has lost jobs since the recession ended.

Oil

Oil price remains high on global turmoil

NEW YORK (AP) — The price of oil retreated slightly Friday but remained elevated because of political turmoil around the world.

Concern that conflicts and rising tensions in the Ukraine and the Middle East could disrupt supplies sent oil prices higher this week, though the world appears to have an ample supply of crude and supplies have not been affected.

High stakes for LNG firms in Ex-Im Bank debate

Source: 
E&E

A battle in Congress over whether or not to reauthorize the Export-Import Bank has high stakes for liquefied natural gas projects, as some U.S. energy companies building such projects overseas are among beneficiaries of the bank's loans, E&E reports.

European gas and coal see hike after plane crash

Source: 
Reuters

The crash of a Malaysian Airlines passenger over Eastern Ukraine has hit energy prices in Europe, with coal and natural gas prices soaring in several countries on fears of escalating tension between Russia and Ukraine, Reuters reports.

Oil

Oil price above $102 after US inventories fall

The price of oil rose above $102 per barrel Thursday after a U.S. inventories report showed a larger-than-expected drop in crude oil supplies.

Benchmark U.S. crude for August delivery was up 85 cents at $102.05 a barrel at 0855 GMT in electronic trading on the New York Mercantile Exchange. The contract added $1.24 to $101.20 on Wednesday.

Hickenlooper admits defeat on fracking, paving way for Colo. ballot fight

Source: 
The New York Times

Colorado Gov. John Hickenlooper, D, said he wouldn't be able to win enough support for a measure to give towns more control over hydraulic fracturing, setting the stage for the issue to be decided by a pair of ballot measures in November, The New York Times reports.

China studying potential for floating gas plants

Source: 
Reuters

Chinese energy company CNOOC Group is considering the feasibility of building a floating liquefied natural gas facility to operate in the South China sea, a multi-billion dollar investment that could open new reserves to development, Reuters reports.

US, Europe escalate economic sanctions against Russia

WASHINGTON (AP) — Struggling to defuse the persistent crisis in Ukraine, both the U.S. and European Union imposed new economic sanctions on Russia Wednesday, with President Barack Obama declaring that Russian leaders must see that their actions supporting rebels "have consequences."

Though the American and European sanctions were coordinated, they nonetheless exposed fissures in what the West has tried to project as a united front in its months-long effort to isolate Russian President Vladimir Putin.

Oil

Oil price rises on inventory draw, China growth

Oil prices rose Wednesday on a large drain in U.S. oil inventories and a slight improvement in economic growth in China.

Benchmark U.S. crude for August delivery rose $1.24 to close at $101.20 a barrel on the New York Mercantile Exchange. On Tuesday, the Nymex contract dipped below $100 per barrel for the first time since May.

Japan moves to restart 2 reactors won't do much for LNG prices: Analysts

Source: 
Bloomberg

Japan's move to declare two nuclear plants safe to resume operations likely won't do much to lower liquefied natural gas prices, market analysts say, because there's little indication that the nation's 46 other nuclear generators will come close to restarting this year, Bloomberg reports.

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