Asian liquefied natural gas (LNG) spot prices are at two-year highs and are projected to remain strong enough next summer to prevent significant cancellations of U.S. LNG cargoes in 2021, BofA Global Research analysts said. Projected U.S. LNG export arbitrages for next summer are now positive, in the range of $0.75-$1.00/MMBtu, the analysts said in…
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U.S. NGL Prices Recovering Faster Than Crude, Report Finds
Despite the warmest winter on record, U.S. natural gas liquids (NGL) prices are recovering faster than crude oil, thanks in large part to strong growth in propane and butane exports and slowing domestic shale gas production, according to report by BofA Merrill Lynch Global Research.
NGI The Weekly Gas Market Report
BofA Merrill Lynch Slashes 4Q NatGas Price, More Optimistic for Late 2016
The prospect of a natural gas glut this winter has sent U.S. natural gas prices crashing, leading another investment bank to slash its price forecast for the fourth quarter, this time by 50 cents.
Marcellus ‘Monster’ Taking Bite Out of Price Forecasts
Robust production out of the Marcellus Shale is weighing on prices, causing Bank of America (BofA) analysts to doubt the staying power of their fourth quarter and 2014 price forecasts and prompting Bernstein Research to cut its 2013 forecast by 25 cents.
Gas Price Forecasts Cower Before Marcellus ‘Monster’
Robust production out of the Marcellus Shale is weighing on prices, causing Bank of America (BofA) analysts to doubt the staying power of their fourth quarter and 2014 price forecasts and prompting Bernstein Research to cut its 2013 forecast by 25 cents.