The news has been buzzing about heating fuel demand and price spikes due to sustained frigid temperatures across much of the US. Roughly 80% of homes primarily heated with oil are located in the northeast, where the market has flipped into backwardation, meaning spot prices are higher than those for future delivery contracts. “This steep… Keep reading →
Freezing weather throughout much of the US is sending spot energy prices soaring. “Natural gas for next-day delivery on the Transco pipeline into New York rose to a record $90 per million British thermal units on Monday, up 660 per cent from last week’s close and 20 times more than benchmark futures prices, according to… Keep reading →
Mexico is heading towards much-needed energy sector reform, and with two of the country’s three major political parties in broad alignment on energy goals, major changes to the sector look more likely than ever, according to attorneys in the energy practice of law firm Mayer Brown. Mexico is major oil producer, and one of the… Keep reading →
Speakers at the Energy Information Administration Conference in Washington, DC this week addressed three critical questions raised by the prospect of US LNG exports: how much US gas will the global market take, what impact will US exports have on global prices, and will development of unconventional gas outside of North America have a dampening… Keep reading →
