Henry Hub Emerges as Global Natural Gas Benchmark

Henry Hub is helping to set prices around the world as wave of U.S. natural gas reaches Europe, South America, Asia

Crude Oil: $46.80 barrel, Natural gas: 2.920/MMBtu, Gold:$1290.00 per troy oz


News:

An unassuming confluence of pipelines here in the heart of Cajun Country is becoming the most important place in the world for natural gas prices.

The Henry Hub has for years been a benchmark for U.S. contracts. Now it is helping to set prices from Mozambique to Japan, as a wave of U.S. natural gas being unlocked by shale drillers reaches Europe, South America and Asia. To Read More.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

 

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Gold Continues Fall Amid Easing North Korea Tensions

Copper also falls, on track for a fourth decline in the last five sessions

Crude Oil: $47.49 barrel, Natural gas: 2.987/MMBtu, Gold:$1287.00 per troy oz


News:

Gold prices fell for the second straight day Tuesday, as cooling tensions between the U.S. and North Korea and a stronger dollar continued weighing on the precious metal.

Gold for December delivery was recently down 1.1% at $1,276.00 a troy ounce on the Comex division of the New York Mercantile Exchange.

A Tuesday report by North Korean state media that Kim Jong Un had made the decision not to fire on Guam pressured gold… Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Has Permian Peaked? Wall Street Worries About Its Sure Thing

Crude Oil: $49.68 barrel, Natural gas: 2.887/MMBtu, Gold:$1283.20 per troy oz


News:

Investors are getting nervous about the Permian. The problem? Too much natural gas. The west Texas oilfield is the epicenter of U.S. drilling activity and is expected to drive the country’s growth in oil production in the coming years. Investors have grown accustomed to companies reliably beating expectations there–producing ever greater amounts of oil and […] Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Edges Down After Week of Gains

A swath of positive news in the past two weeks has boosted investor confidence in oil

Crude Oil: $50.21 barrel, Natural gas: $2.810/MMBtu, Gold:$1275.60 per troy oz


News:

Oil prices edged down on Tuesday, following a week of straight gains that brought the global oil benchmark above $50 a barrel for the first time in two months, amid growing optimism that the market is tightening.

Brent crude, the global oil benchmark, fell 0.61% to $52.40 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.38% at $49.98 a barrel.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Price’s Advance Pauses Amid Falling U.S. Inventories

Market searching for fresh reasons to continue rally

 Crude Oil: $48.70 barrel, Natural gas: $2.922/MMBtu, Gold:$1266.80 per troy oz


News:

Oil prices stalled Thursday but held on to much of the past week’s gains, amid continuing signs of inventory drawdowns.

Brent crude, the global oil benchmark, fell 0.25% to $50.97 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were down 0.18% at $48.66 a barrel.Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Edges Up Ahead of U.S. Stocks Data

Data suggests U.S. production would continue to trend higher this year

 Crude Oil: $45.99 barrel, Natural gas: $3.008/MMBtu, Gold:$ 1233.30 per troy oz


News:

Oil prices recovered slightly on Tuesday, after the weeklong rally fizzed overnight on fresh data that showed U.S. production would continue to trend higher this year.

Brent crude, the global oil benchmark, rose 0.5% to $48.65 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.4% at $46.19 a barrel.

Resource: WSJ

oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Prices Fall, Shrugging Off Potential New Output Cuts

Market awaits monthly reports from OPEC and IEA

Crude Oil: $44.58 barrel, Natural gas: $2.925/MMBtu, Gold:$ 1213.80 per troy oz


News:

Oil prices pulled back Tuesday morning, despite ongoing talk of possible production curbs in Libya and Nigeria and news of shrinking U.S. stockpiles.

Brent crude, the global benchmark, fell 0.5%, to $46.63 a barrel, in London midmorning trading. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 0.5%, at…Read more.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Crude Rally Continues on U.S. Output, Inventory Data

U.S. Energy Information Administration that daily average U.S. output last week fell 100,000 barrels

Crude Oil: $44.89 barrel, Natural gas: $3.080/MMBtu, Gold:$ 1249.60 per troy oz


News:

Oil futures climbed higher Thursday as last week’s drop in U.S. production stoked hopes that the slide in prices since May is starting to take a toll on the country’s shale output.

Brent crude, the global oil benchmark, rose 0.9% to $47.95 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading up 0.9% at $45.16 a barrel.

The U.S. Energy Information…Read more.

Resource: WSJ


 

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Oil Prices Up but Mood Is Still Down

Small rally reverses earlier declines but glut is leaving investors bearish

Crude Oil: $43.49 barrel, Natural gas: $3.067/MMBtu, Gold:$ 1245.20 per troy oz


 News:

Crude futures rose for a third consecutive session Monday, as investors weighed the relentless growth in U.S. oil output against efforts by major global producers to reduce supply.

U.S. crude futures for August delivery settled up 37 cents, or 0.86%, at $43.38 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, rose 29 cents, or 0.64%, to $45.83 a barrel on ICE Futures Europe.

Even though oil prices have…To read more.

Resource: WSJ


 oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

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Oil Falls Deeper Into Bear Territory

U.S. crude oil inventories down 2.5 million barrels to 509 million barrels in the week ended June 16

Crude Oil: $42.55 barrel, Natural gas: $2.880/MMBtu, Gold:$ 1246.40 per troy oz


News:

Even good news is bad news for oil these days.

Oil prices fell to a 10-month low Wednesday as investors shook off U.S. data showing that stockpiles continued to shrink and focused on relentlessly rising production.

U.S. crude futures fell 98 cents,…Read More.

Resource: WSJ


oil gas processing plant epc turnkey consulting managementAlgaProcessing LLC specialize in business process consulting for the oil and gas industry with the commitment to increase productivity and maximize profit by sharing wealth of knowledge in Consulting, Coaching and Management.

Contact:
6200 SAVOY DR. HOUSTON, TX 77036 U.S.A
+1.713.428.2827
Melissa.smith@algaprocessing.com

 

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