We’ve noted before that pipeline master limited partnerships must grow if they are to attract investors. For nearly all MLPs, that means access to credit at low interest rates. Does that sound like today’s…
The dispute between Russia and Ukraine over natural gas prices is following the same path as the fracas three years ago. Ukraine paid off part of its outstanding $2 billion gas bill yesterday, but…
Last summer, a gallon of gas cost over $4. Now the prices has dropped below two bucks and is still falling. The sharp drop in crude oil is to blame. Intuition would say that…
Platts is reporting this morning that Russian gas monopoly Gazprom will turn off gas supplies to Ukraine unless the former Soviet republic signs a natural gas export contract by January 1st. According to Gazprom,…
The Securities and Exchange Commission yesterday announced that it has approved new rules to "modernize its oil and gas company reporting requirements." Well, modernization, like beauty, is in the eye of the beholder. The…
Drops in consumer and corporate spending are about to compounded by high fuel prices as crude is likely to move to $50 or better early in 2009. Both sides in the Gaza conflict have…
In late 2005, China began to fill its strategic petroleum reserve of 102 million barrels. It has added to the reserve on and off ever since, sometimes buying the oil on the open market…
Piedmont Natural Gas Company (NYSE:PNY) this morning reported results for its 2008 fiscal year, which ended on October 31st. The company reported EPS of $1.49 on earnings of $110 million, compared with EPS in…
Nothing could really stop the falling price of oil as it slumped from $147 last summer to well under $40. The recession caused too big a drop in demand. OPEC was repeatedly humiliated by…
Americans have to be doing better now that gas is well under $2 a gallon compared to the $4 or higher where it was sitting last summer. By many accounts, a family with two…
Western Gas Partners, LP (NYSE:WES) has completed the purchase of gas processing plants and gathering systems from Anadarko Petroleum Corporation (NYSE:APC). Western Gas was formed by Anadarko earlier this year to off-load Anadarko’s mid-stream…
Small-cap oil producer TXCO Resources Inc. (NASDAQ:TXCO) announced a few days before the holiday that it would reduce staff by 20%, slow its fourth-quarter drilling operations, and shut-in five wells and two steam generators…
Flying J Oil, Inc., a privately-held oil company headquartered in Ogden, Utah, filed for bankruptcy protection under Chapter 11 on December 22nd. The company owns and operates more than 250 retail outlets in the…
You read it here first. OPEC will have to cut its output by another two million to three million barrels a day once the new year comes. The oil consuming world has slapped the…
On December 12th, the US Energy Information Agency reported that the cost of a barrel of crude in the US was $36.58/barrel. On December 22nd, conventional regular gasoline in the US sold for $1.635/gallon…