Articles Tagged "British Petroleum"

Temporary Oil Production Delays and Cold Temperatures Impact Prices

The Trans Alaska Pipeline was shut down on Saturday following the discover of a leak at an intake pump station at Prudhoe Bay, constricting supply in one of the United States' key oil arteries. Cold weather in the Northeast during December translated into 5 consecutive stock draws in the Central Atlantic, while New England stocks fluctuated during the month.

India Looking to Secure Gas Supplies

The latest developments underscore a general theme from the subcontinent as it has been looking at other areas to acquire oil and gas assets overseas to meet its growing energy demand. As Asia’s third-largest oil consumer, India has been aggressively scouting for overseas gas and oil assets to meet its supply deficit and is competing with China for fields from Africa to Venezuela.

Gas Price Levers Driven by Investor, Environmental and Weather Concerns

Moving away from more traditional supply and demand side fundamentals, gas prices and the costs of production may increasingly be leveraged by oversight, share holder accountability, and seasonal meteorology.

Gas Prices to Increase Slowly

Prices are expected to rise, initially pushed higher by increased gas demand for cooling, as Senior Meteorologist Joe Bastardi of predicted this summer to be the “hottest summer since 2005 for much of the nation” and later from increased demand in industrial and power generation.