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The Union Cabinet will soon decide on putting a cap or limit on hikes in natural gas prices following a new pricing formula coming into effect from April 1, 2014, Oil Secretary Vivek Rae said on Wednesday. The Union Cabinet had in June decided to
The comments come amid the Supreme Court hearing a PIL filed by CPI leader Gurudas Dasgupta contending that the government decided to hike the gas prices without taking into account its disastrous consequences on the economy, particularly power and
Two-thirds of Massachusetts' electricity and more than half of New England's power is generated by natural gas, according to the US Energy Department, so when the price of natural gas goes up, so do electricity costs. Wholesale natural gas prices in
Share More The slowdown in business and likely increase in natural gas prices from April next year remain key concerns for Gail...The slowdown in business and likely increase in natural gas prices from April next year remain key concerns for the
In a new note, Morgan Stanley says the Marcellus is about to experience a second wind, with 2014 production increasing by 2.2 billion cubic feet per day to about 70 bcf/d: "Since 2010, we've seen well costs fall between 7.5% and 35%, unit costs are
Front-month U.S. natural gas futures ended lower for the second straight session on Monday, down 2.3 percent in the face of moderate U.S. weather forecasts for the next two weeks that should finally slow demand for air conditioning.
The Fed reported it will continue buying $85 billion of bonds per month in an effort to stimulate the economy by keeping interest rates low. This came as a surprise to most investors, who had been expecting the Fed to reduce the purchases by $10
Between May and August the price of natural gas declined by nearly 18%. Despite the recent fall, the price of natural gas is still higher than it was last year. Looking forward, investors need to ask, will natural gas make a comeback?...Supply and
Natural gas futures climbed to a five-week high in New York on concern that storms would disrupt supplies amid hot weather that may stoke demand for the power-plant fuel. Gas gained 2.4 percent after the National Hurricane Center said low-pressure
Monday, Aug. 26, 2013 More Information State regulators will hold a hearing Thursday in Charlotte on the 9.3 percent rate hike Piedmont Natural Gas is seeking. Charlotte-based Piedmont, North Carolina's largest natural gas provider, is asking for $79.