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LONDON, Aug. 31, 2011 /PRNewswire/ -- IntercontinentalExchange, a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced a new daily volume record for the ICE U.K. National Balancing Point (NBP) Natural Gas futures contract. On 30 August 2011, 68,260 U.K. NBP Natural Gas futures contracts traded on ICE Futures Europe, surpassing by more than 20% the previous record of 56,380 contracts traded on 14 March 2011.
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On 21 April 2011 the Federal Energy Regulatory Commission (FERC) issued an order imposing a US$30,000,000 civil penalty on Brian Hunter after finding ...
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DULLES, Va. -- In analyzing the early-week trading range of the December natural gas futures contract, students of the trading tool Market Profile bel...
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NEW YORK - Natural gas futures plunged 10 percent Tuesday, settling at their lowest level in 3 1/2 months amid forecasts calling for mild U.S. weather over the next week. It was the third straight decline for natural gas prices, which have fallen 23 percent since Dec. 21, and the selloff triggered a decline in other energy futures.
The drop in energy prices knocked down the shares of integrated oil and gas companies and independent petroleum producers.
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Natural gas futures fell for an eighth day, touching the lowest price in almost seven years, on concern that fuel demand will be slow to strengthen because of a sluggish economic recovery.
Gas dropped along with energy markets and equities after Japan's economy expanded less than economists estimated. The threat of disruption to oil and gas output in the Gulf of Mexico receded as Tropical Storm Claudette went ashore in Florida and Ana was downgraded as its winds weakened.
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WASHINGTON, Aug. 29 /U.S. Newswire/ -- Ken Boehm, chairman of the National Legal and Policy Center (NLPC), today called for an investigation into possible manipulation of U.S. natural gas futures markets in conjunction with the release of an NLPC- commissioned economic study, which concludes that recent high prices for natural gas and natural gas futures are artificially influenced by price manipulation and other non-market forces.
In letters transmitted today to Commodity Futures Trading Commission (CFTC) Chairman Reuben Jeffery III and Federal Energy Regulatory Commission (FERC) Chairman Joseph T. Kelliher, Boehm called on the CFTC to launch an investigation into "why the volatility and prices of the current natural gas futures market have departed so dramatically from the underlying ...
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CHARLESTON--During the past few weeks, volatility in natural gas market prices has been a caused of concern in West Virginia. Since early February, the natural gas spot price at Henry Hub, a pricing point for natural gas futures, has dropped 33 cents per million Btus, or about 7 percent.
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WASHINGTON - d 14 percent to a near six-month high on Monday, rallying on strong demand from power producers amid scorching temperatures across the Midwest and Northeast.
Oil prices also rose as fighting between Israel and Hezbollah raged on, keeping traders tense about a possible Mideast supply disruption.
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PORTLAND, Maine -- A Portland firm that has made a business out of navigating the complex natural gas futures market and electricity supply landscape has cut some of its clients' energy bills in half. Competitive Energy Services will now ply its trade for the city of Portland, where officials hope the company can help save tax dollars in what figures to be another tight budget cycle.
Portland uses -- across the city, airport and schools -- 30 million kilowatt-hours of electricity a year," said Matt Thayer, a business development official for Competitive Energy Services. "If you're able to manage their costs down even a couple of cents across all those kilowatt-hours, it adds up. The city goes through 100,000 decatherms of natural gas a year. If we're able to manage that down a couple o...
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, crude oil prices jump
From Associated Press, Bloomberg News and Knight Ridder Newspapers reports