October 10, 2016

From The Wall Street Journal Natural gas prices continued their rally Monday as traders bet on tightening supplies of the fuel. Natural gas prices settled up 8.2 cents, or 2.57%, at $3.275 a million British thermal units on the New York Mercantile Exchange, the highest settlement price since December 2014. Prices have been on the rise for six straight days,

From the Wall Street Journal The directive was a departure for Deputy Crown Prince Mohammed bin Salman, the powerful 31-year-old son of King Salman Saudi Arabia’s deputy crown prince sent his energy minister to an OPEC meeting last month with a difficult mission: Make a deal with rival Iran but don’t compromise the kingdom’s ability to fight for oil-market share, people familiar

From Bloomberg Sale of Noble Americas Energy expected to close in December Commodity trader plans to cut debt, fund growth opportunities Noble Group Ltd., the embattled commodity trader backed by China’s sovereign-wealth fund, agreed to sell its U.S. energy unit to Calpine Corp. for $800 million plus working capital, saying the deal largely completes a drive to raise $2 billion. The