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following:
Rig Counts Pick Up Again;Why? Sure, oil prices aren't anywhere close to last year's record, but one theme from last summer survives: Drill, baby, drill. Full Story
Weekly Natural Gas Storage Data Working gas in storage was 2,721 Bcf as of Friday, June 26, 2009, according to EIA estimates. This represents a net increase of 70 Bcf from the previous week. Full Story
Gas Market to ‘Tighten’ on Demand, Bernstein Says July 2 (Bloomberg) -- U.S. natural-gas demand from industry and increased power generation will cause the gas market to “tighten” and push up prices, Sanford C. Bernstein & Co. said. Full Story
Exxon, Valero Face New Curbs on Carcinogenic Gases Under Obama July 2 (Bloomberg) -- President Barack Obama is considering new curbs on U.S. oil refineries whose gas emissions pose a cancer risk to hundreds of thousands of people living near the plants, setting up a potential conflict with companies over the cost of new regulations. Full Story
CFTC Looking at All Options for Fair Markets, Gensler Says
July 1 (Bloomberg) -- The Commodity Futures Trading Commission will use all of its regulatory power to ensure fair operations of futures markets for oil, agriculture, currencies and interest rates, the agency’s chairman said. Full Story
Italian Train With LPG Explodes, Killing at Least 15
June 30 (Bloomberg) -- At least 15 people were killed and 35 were seriously injured when five freight train containers carrying liquefied petroleum gas exploded at a railway station in central Italy. Full Story
Financial
OIL FUTURES: Crude Slides Below $67 On Payroll Data
NEW YORK (Dow Jones)--Crude futures accelerated their decline Thursday, after U.S. payrolls fell more than expected last month, shaking confidence in an economic recovery by the world's largest energy user.
Full Story
US GAS: Futures Slide On Mild Weather Ahead Of Holiday NEW YORK (Dow Jones)--Natural gas futures slid Thursday as traders sold contracts ahead of Independence Day weekend, looking ahead to forecasts of mild weather in some of the major gas-consuming regions of the U.S. over the next two weeks. Full Story
Natural Gas Falls Most in Four Weeks as Demand Slow to Recover July 2 (Bloomberg) -- Natural gas futures fell the most in four weeks in New York on expectations that demand will be sluggish in the second half of the year as the U.S. economy attempts to move out of a recession that began 18 months ago. Full Story
Oil Falls to 1-Month Low, Gasoline Drops as U.S. Payrolls Slip July 2 (Bloomberg) -- Crude oil fell to a one-month low and gasoline tumbled on a report showing the U.S. unemployment rate rose last month, a signal that fuel demand in the world’s largest energy-consuming country will be slow to rebound. Full Story
OIL FUTURES: Oil Slides On Payrolls Data NEW YORK (Dow Jones)--Crude futures fell Thursday after the U.S. reported payrolls fell last month, souring the outlook for oil demand in the world's largest consumer. Full Story
Releases
PVM Loses About $10 Million in Unauthorized Oil Trade July 2 (Bloomberg) -- PVM Oil Futures Ltd., a unit of the world’s biggest broker of over-the-counter oil derivatives, said it lost just under $10 million because of unauthorized trading on June 30. Full Story
Exelon Lifts Hostile Bid for NRG 12% to $7.45 Billion July 2 (Bloomberg) -- Exelon Corp., the largest U.S. utility owner by market value, raised its hostile takeover bid for NRG Energy Inc. 12 percent to $7.45 billion after a drop in its share price whittled away the premium it was offering. Full Story
Praxair Acquires Sermatech International INDIANAPOLIS--(BUSINESS WIRE)--Praxair Surface Technologies, Inc., a subsidiary of Praxair, Inc. (NYSE:PX), has acquired Sermatech International Holdings Corp. from Arsenal Capital Partners, a New-York-based private equity firm. Full Story
Exelon to hold conference call on NRG deal Thursday NEW YORK, July 1 (Reuters) - Exelon Corp (EXC.N) said it plans to hold a conference call on Thursday morning to discuss its hostile takeover bid for independent power producer NRG Energy Inc. (NRG.N) Full Story
Public Service Receives Approval for $190 Million Investment July 1 (Bloomberg) -- Public Service Electric & Gas Co., New Jersey’s largest utility, received state approval to spend $190 million on an energy-efficiency stimulus program to promote conservation and create jobs. Full Story
