It has been recently revealed that Inergy Midstream LP is going to buy Rangeland Energy LLC. The deal between the two is worth $425 million and that too in the form of cash.
A survey dubbed the Lundberg Survey had been carried out recently, which has shown that the prices of gasoline in the US have fallen and that too, by a biggest amount in past four years, especially in the last two weeks.
Editor Trilby Lundberg has told that on November 2, the prices were at $3.5454 per gallon on an average. However, the same was $3.7529 as of October 19, which means a drop by 20.75 cents.
It seems Hurricane Sandy has brought in a lot many changes in the US, with generators seeing a rise in demand in recent days. However, it is of no good use to have a generator now with no gas in store to fuel it.
As the intensity of Hurricane Sandy rose up the East Coast, so did the prices of Natural-gas futures. Forecasts warned that New York metropolitan area will experience strong winds and heavy thunder showers will hit through Tuesday evening.
Though the oil process per barrel has increased, experts predict that a decline will be witnessed. While citing the reason for the same, experts were of the view that the demand is not that strong, which can increase or maintain the current price, which is $113 a barrel.
Royal Dutch Shell Plc, Europe's largest oil company, said in an announcement today about its setback of drilling plans to suck oil off Alaska this year. The company added that a containment dome that was designed primarily to cap the spill was damaged and so has it suffered the setback.
Good News USA
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