Six energy prognosticators over the past week have raised their outlooks for domestic natural gas prices this year, with one indicating that $4.50/MMBtu this summer is “on the table” based on a colder-than-expected end to winter and slowing production in major onshore basins.
Flattened
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EIA: Marketed Natural Gas Output Flat Through July
Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said last week.
EIA: Marketed Gas Production Flat Through July
Total U.S. marketed natural gas production remains at historically high levels but flattened during the first seven months of 2012, primarily in response to lower gas prices, the U.S. Energy Information Administration (EIA) said Monday.
Basis Blowouts May Return, Analyst Warns
The recent construction wave of natural gas pipeline infrastructure might have flattened basis differentials, but not forever, according to BNP Paribas analyst Teri Viswanath. More infrastructure will be needed to avoid market constraints and basis spikes down the road, she wrote in a market note last week.
Without More Pipelines, Basis Blowouts May Return, Analyst Warns
The recent construction wave of natural gas pipeline infrastructure might have flattened basis differentials, but not forever, according to BNP Paribas analyst Teri Viswanath. More infrastructure will be needed to avoid market constraints and basis spikes down the road, she wrote in a Tuesday market note.