ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

US GAS: Natural Gas Takes Breather Ahead of Storage Report

-- Futures pause ahead of inventory report -- Analysts see EIA reporting 32 billion cubic feet injection -- Futures jump 29% from 10-1/2-year low in April (Adds next-day prices in 10th paragraph.) By Dan Strumpf Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Natural gas futures paused Thursday ahead of a closely watched survey of U.S. gas inventories, already at their highest level ever for this time of year. Natural gas for June delivery recently fell 1 cent, or 0.4%, to $2.455 a million British thermal units on the New York Mercantile Exchange. Futures were little changed as traders awaited the 10:30 a.m. EDT data from the Energy Information Administration. Analysts surveyed by Dow Jones Newswires are calling for a smaller-than-average inventory increase of 32 billion cubic feet during the week ended May 4. Relatively modest additions to U.S. gas inventories in recent weeks--combined with long-awaited production cuts and increased demand from power plants--have helped spur a sharp rally in natural gas over the last month. Prompt-month futures have surged 29% off the 10-1/2-year low of $1.907/MMBtu reached April 19. But the rally has left some traders wondering if prices have risen too quickly. Despite recent cuts, production remains near record highs and inventories are well above normal levels. "We've seen the recent run, but I think it's going to be short lived," said Tariq Zahir, head trader at the commodities fund Tyche Capital, adding that any additional production cuts would help send futures higher still. Chesapeake Energy Corp. (CHK), Devon Energy (DVN), Exxon Mobil (XOM) and others have announced output reductions in recent weeks, helping to shore up prices. Still, the cuts have done little to address the massive inventory overhang that has left some traders and analysts worried that natural gas stockpiles could reach capacity later this year. If the inventory build comes in as expected, U.S. gas stockpiles will stand at 2.608 trillion cubic feet, a record high for this time of year, 45% above the five-year average and 44% above last year's level for the same week. Natural gas for next-day delivery at the benchmark Henry Hub in Louisiana recently traded at $2.36/MMBtu, according to IntercontinentalExchange, compared with Wednesday's average of $2.3602 /MMBtu. Natural gas for next-day delivery at Transcontinental Zone 6 in New York traded at $2.45/MMBtu, down from $2.4560/MMBtu. -By Dan Strumpf, Dow Jones Newswires; 212-416-2818; [email protected]

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
01/22/201712:52:00McCain, Graham Say They Will Back Tillerson's Nomination for...
01/20/201716:35:00NOTICE TO EXXON MOBIL CURRENT AND FORMER EMPLOYEES: ERISA Lead...
01/19/201718:22:00Santos 4Q Revenue Lifted by Rise in Sales Volumes
01/19/201712:14:00MARKET SNAPSHOT: Dow Under Pressure For Fifth Straight Session
01/19/201712:00:00MARKET SNAPSHOT: Dow Under Pressure For Fifth Straight Session
01/19/201711:35:00MARKET SNAPSHOT: Dow Under Pressure For Fifth Straight Session
01/19/201711:34:00MARKET SNAPSHOT: Dow On Track For Fifth Drop; Treasury Secretary...
01/19/201710:16:00MARKET SNAPSHOT: Dow Struggles To End 4-session Skid On Upbeat...
01/19/201707:11:00Sabic Profit Lifted by Falling Costs -- Update
01/18/201709:00:00Synthetic Genomics and ExxonMobil Renew Algae Biofuels Research...
01/18/201703:03:00Exxon Joins Land Rush In Red-Hot Southwest -- WSJ
01/17/201717:52:00Exxon Mobil Expands Permian Basin Footprint -- 2nd Update
01/17/201716:38:36Current Report Filing (8-k)
01/17/201711:40:00Exxon Mobil Expands Permian Basin Footprint -- Update
01/17/201710:17:00Exxon Mobil to Buy Permian Basin Land From Bass Family for More...
01/17/201709:00:00ExxonMobil to Acquire Companies Doubling Permian Basin Resource...
01/16/201709:00:00InterOil Files Management Information Circular for Proposed Transaction...
01/13/201718:49:00Marco Rubio's Vote Is Key for Secretary of State Nominee
01/13/201717:44:00Zamansky LLC Appointed Lead Counsel in ERISA Lawsuit for all...
01/13/201704:56:00PetroVietnam, Exxon Mobil Sign Agreement to Continue Joint Gas...

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US