If the observations of a long time student of the natural gas market are correct, the short-term outlook for natural gas prices shows further room for decline while the longer term picture looks much more bullish primarily because of a lukewarm response from the producing sector.
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Traders Mull Impact of International Developments on Prices
If the observations of a long time student of the natural gas market are correct, the short-term outlook for natural gas prices shows further room for decline while the longer term picture looks much more bullish primarily because of a lukewarm response from the producing sector.
Good Risk/Reward for Market Longs
If the assessment of a leading industry observer is correct, natural gas prices have fallen to the point where the potential for upside price movement is sufficiently greater than the risk of further declines.
Futures Correct Lower Amid Weakness in Crude, Technical Selling
Natural gas futures suffered their first major setback in five trading sessions Tuesday as commercial and local traders took profits in concert with weakness in the nearby crude oil pit. In contrast to Monday’s session, which climbed nearly a dime in the last 30 minutes of trading, Tuesday’s natural gas trading session saw losses ahead of the close as traders liquidated positions in preparation for the September expiry Wednesday. The prompt month completed its penultimate trading session at $3.483, down 13.4 cents on the day.
Analyst: Fall Gas Prices Teeter on the Edge
If the projections of a leading industry analyst are correct, the robust prices of gas for fall delivery may be trading as much as 70 cents lower upon expiration, mainly because of the gas storage situation.
CA Governor Candidate Chided for El Paso Stock Ownership
As another indication that it is still not “politically correct” to be associated with an out-of-state energy giant in California, one of the state’s three Republican candidates for governor, William Simon, Jr., drew political news media coverage last week for his disclosure that he and his family own about $16,750 of stock in El Paso Natural Gas Co.
CA Governor Candidate Chided for El Paso Stock Ownership
As another indication that it is still not ‘politically correct’ to be associated with an out-of-state energy giant in California, one of the state’s three Republican candidates for governor, William Simon Jr., drew political news coverage this week for his disclosure that he and his family own about $16,750 of stock in El Paso Natural Gas Co.
Frontier Supplies Can’t Replace Western Canadian Production
A blue-ribbon team of veteran Canadian experts on natural gas supplies has set out to correct a starry-eyed vision of frontier resources that it says has periodically distorted North American energy policies and needs to be cleared up.
More Forward Contracting By CA Utilities Needed
The management of California’s independent grid operator(Cal-ISO) is searching for ways to correct market flaws identifiedlast month by its market surveillance committee, which spread blamearound to utilities, regulators, generators and the Cal-ISO itselfin the wake of the summer price/supply crunch. A suggested responseby Cal-ISO staff was submitted Sept. 28 to the grid operator’sboard of governors.
More Forward Contracting by CA Utilities Needed
The management of California’s independent grid operator(Cal-ISO) is searching for ways to correct market flaws identifiedlast month by its market surveillance committee, which spread blamearound to utilities, regulators, generators and the Cal-ISO itselfin the wake of the summer price/supply crunch. A suggested responseby Cal-ISO staff was submitted Sept. 28 to the grid operator’sboard of governors.