NEW YORK — The price of natural gas jumped by nearly 5 percent Monday after government data showed that producers are making good on promises to cut supplies. Chesapeake Energy Corp., ConocoPhillips and Encana Corp. have each said that they would take some natural gas operations offline this year. They were forced to, in part, [...]
read more
Natural gas prices built on yesterday's gains, as news of the EIA's report showing production declines works its way through markets. The NYMEX prices for June natural gas prices settled up 3.57 percent at $2.37 on Tuesday. Chesapea... Read Post
Natural gas, which hit a ten-year low this morning, spiked nearly 10% after Chesapeake Energy, the second largest U.S. natural gas producer, said it would cut production and idle rigs. The energy company said it would immediately en... Read Post
NEW YORK (AP) — The price of natural gas jumped Thursday after a major producer said it is aggressively cutting production. Chesapeake Energy Corp. told investors its production cuts are "actually higher" than the minimum of 500 mil... Read Post