A shutdown at Israel's Tamar natural gas field caused by a cracked pipe is not expected to have a significant impact on quarterly revenue, and the problem will likely be resolved this week, the partners behind the project said on Sunday. The stoppage, however, will take a toll on the country's power stations, which have been forced to turn to more expensive fuels to generate electricity. Production at Tamar, Israel's sole commercial field, was halted on Thursday when a crack in an exhaust pipe was discovered during routine maintenance work by operator Noble Energy.
Natural gas markets went sideways during most of the session on Friday, but found a bit of support near the $2.94 level. By bouncing slightly, it looks as if we could go trying to test the $3 level above. However, I think that’s an area that will offer resistance, as it had been so important … Continue reading Natural Gas Price Forecast September 25, 2017, Technical Analysis
Investing.com – Gold prices rose on Friday amid an uptick in safe-haven demand as North Korean leader Kim Jong Un vowed to make a "mentally deranged" Trump pay dearly for an earlier threat to “totally destroy” North Korea if threatened.