China, Russia on verge of gas deal

BEIJING — China plans to sign a multibillion-dollar deal to buy Russian gas during a visit by President Vladimir Putin next week despite U.S. pressure to avoid undermining sanctions on Moscow over the Ukraine crisis.

Northeast Deep Freeze Causes Skyrocketing Natural Gas Prices

According to the U.S. Energy Information Administration , though the cold snap in the Northeastern United States is expected to ease over the weekend, the price of natural gas in New England and New York City is at its highest level all winter.

Natural gas prices drop 3 percent

NEW YORK (AP) — The price of natural gas dropped more than 3 percent Thursday following reports of an unexpectedly large increase in U.S. supplies.