Iran’s Cutting Down Exports Leads to Soaring Gas Prices

Posted on February 21, 2012 by Gas.com Editorial Team

WN photo

Gas and oil prices soared in US as Iran halted some crude exports. Investors predict that the energy demand will rise as Europe moves closer towards bailing out Greece. Analysts warned that oil speculation might also push prices higher along with the Iranian situation. It is predicted that Iran’s stand would have negligible impact on supplies as only 3% of Iranian oil goes to France and UK has not imported oil from Iran in six months. The real impact of Iran’s s announcement would be on oil prices which in turn would affect gasoline prices worldwide. Continue reading →

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Chemical Industry Benifiting From Natural Gas Boom

Posted on February 14, 2012 by Gas.com Editorial Team

Ethylene-Plant.jpg The Al-Jubail Peterochemical Company (KEMYA), Sabic and Exxon Corp. of the US, established this joint venture plant at Al Jubail Indusrtrial City, Saudi Arabia, to produce low density polyethlene. The ethylene required as feedstock for this project was to be supplied by the Saudi Petrochemical Company (SADAF). The joint venture plant began operations in late 1984.A 1985 photo.(AP photo/fls)

If anyone has really benefited from United States natural gas drilling boom, they are the chemical companies who have long depended on overseas gas sources. As natural gas surplus drives down prices to a 2-year low, chemical companies are making the most of it by reopening closed down plants and building new ones. Continue reading →

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Freezing Europe a Nightmare of Rising Wholesale Gas Prices

Posted on February 7, 2012 by Gas.com Editorial Team

As a result of dipping temperatures in Europe, the United Kingdom wholesale gas prices have been duly affected, soaring to a nearly six year high on 6th February, 2012. Continue reading →

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Gas Prices above Expectation in January

Posted on January 31, 2012 by Gas.com Editorial Team

According to the American Automobile Association, Inc. (AAA) Club South reports, the prices on gas are above expectation in January 2012. It has broken more than a decade record, which is being evaluated since 2000. Continue reading →

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Chesapeake Minimises Drilling to Reduce Gas Prices

Posted on January 24, 2012 by Gas.com Editorial Team

The second leading natural gas producer in the United States, Chesapeake Energy Corp. (CHK), hastened an industry attempt to decrease gas drilling to minimise prices, which depicted that the prices on gas cut down to a record of 10-year in end January 2012. Continue reading →

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UK’s Dependence on Gas Imports Threatened

Posted on January 17, 2012 by Gas.com Editorial Team

UK is totally dependent on Qatar for its gas supplies. This dependency may create havoc in the upcoming days for UK’s gas market. At present, Iran is threatening to block the strategic Strait of Hormuz waterway, which is essential for the gas exports. However, this is not only the dark cloud looming over the UK gas industry. As opposed to other European nations, Britain has not made long term gas contracts. Of all the gas coming to UK from Qatar, only 24% comes under fixed contracts. This means that the remaining is sold at any time to the highest bidder in the international market by Qatar. Continue reading →

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Los Angeles Gas Prices the Utmost in America

Posted on January 10, 2012 by Gas.com Editorial Team

Increasing gas price is a nightmare for the public in California. They have to bear stiff affect because of soaring price rise, which is estimated to increase in future. The cost of gas in California is higher than Alaska and even Hawaii, according to the report of AAA (the American Automobile Association, Inc) Southern California. Continue reading →

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Ohio Suspends Well Operations After a Series of Earthquakes

Posted on January 3, 2012 by Gas.com Editorial Team

After a series of earthquakes over the past year, including the 4.0 magnitude on Saturday, Ohio officials in wake of public safety have decided to suspend operations at five fluid injection wells for an indefinite period. Continue reading →

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Natural Gas Industry Counts On Decline In Demand Of Coal

Posted on December 27, 2011 by Gas.com Editorial Team

The players in natural gas industry are now relying on winter season for higher prices in 2011, as it might increase the demand of natural gas to heat-up the homes and offices.

Since a long time ago, the U.S. has been using natural gas for heating purposes, as offices and homes became more energy efficient. Continue reading →

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SaskEnergy prolongs monitoring of gas leaks

Posted on December 20, 2011 by Gas.com Editorial Team

AP / Svetlana Kozlenko

The usually warm weather in this fall has caused SaskEnergy to extend the monitoring of its gas leaks. SaskEnergy is especially concerned about the gas leaks issues as they were leaks from natural gas pipelines in the south of Regina earlier. Continue reading →

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