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; dan.strumpf@dowjones.com.

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
08/22/201409:30:09Russia's Rosneft to Acquire 30% of N.Y.-Listed Oil Driller
08/18/201421:20:11Australia's Oil Search First-Half Profit Rises
08/13/201422:01:44Pemex Has Talked With Firms About Working on Projects
08/06/201418:55:33CST Brands to Acquire General Partner of Lehigh Gas Partners
08/04/201410:20:16Tanzania to Invest $1.2 Billion to Revamp Power Utility
08/04/201405:48:16Tanzania to Invest $1.2 Billion to Revamp State Power Utility
07/31/201409:53:25MARKET SNAPSHOT: U.S. Stocks: Dow Drops By Triple Digits
07/31/201409:49:05U.S. Hot Stocks: Hot Stocks to Watch
07/31/201409:16:22MARKET SNAPSHOT: U.S. Stocks: Futures Drop On Jobless Claims
07/31/201408:11:50MARKET SNAPSHOT: U.S. Stocks: Futures Drop As Investors Chew...
07/31/201406:24:53MARKET SNAPSHOT: U.S. Stocks: Futures Drop On Last Day Of July...
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
07/25/201410:41:52Promising Outlook for Tanzania's Natural Gas Sector Says IMF
07/25/201408:40:33Rosneft Working on Sanctions Strategy
07/24/201402:24:17Statoil Gets Stake in Offshore Columbia Licence
07/18/201419:37:44Shell Confirms Employees Were on Malaysia Airlines Flight...
07/17/201402:13:01U.S. Escalates Sanctions on Russia Over Ukraine -- Update
07/11/201408:30:35North Sea Maintenance Means August Crude-Oil Loadings to Fall...
06/30/201409:00:06Exxon Mobil Confirms Small Oil Spill, Fire at Nigeria Operations
06/19/201407:22:23China to Move Citizens in Iraq

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad