Search results
Results from the WOW.Com Content Network
In December 2007, Hunter sought to prevent the FERC from taking any action against him for his participation in trading in the natural gas futures market. A federal judge denied his request. [7] In April 2011, the Federal Energy Regulatory Commission levied the expected $30 million penalty against Hunter, who has challenged the case in court. [8]
The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
Natural gas is a fossil fuel that is formed when layers of organic matter (primarily marine microorganisms) [6] are thermally decomposed under oxygen-free conditions, subjected to intense heat and pressure underground over millions of years. [7]
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
This page was last edited on 27 February 2025, at 21:49 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The AOL.com video experience serves up the best video content from AOL and around the web, curating informative and entertaining snackable videos.
Product quality of natural gas was not an issue in that market, but the delivery point was a more difficult choice. After launching the original crude oil futures contract, Treat began an aggressive marketing campaign to first bring in the large US and British oil companies and then moved on to pull in the large Middle East producers.
(Reuters) -Futures linked to Wall Street's main indexes took a pause on Thursday after the S&P 500 and Nasdaq ended the previous session on a positive note, while investors awaited some more ...