Escalating tensions in the Middle East and uncertainty over U.S. LNG exports combined Monday to push European natural gas prices higher. Despite weak fundamentals, “geopolitics remain in focus” for the global energy market, said Schneider Electric analyst Robbie Fraser. Three U.S. servicemen were killed in a drone strike in Jordan over the weekend that was…
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Natural Gas Futures Flop Again as Traders Look Ahead to Next EIA Storage Report
Natural gas futures have fluctuated on either side of $2.700 for months now, but another decline on Wednesday moved the goalposts a bit further out of reach. The September Nymex contract fell 8.3 cents to settle at $2.477/MMBtu. Spot gas prices were mostly lower, but big gains out West ultimately sent NGI’s Spot Gas National…
Analyst: U.S. Gas Prices ‘At Least’ $4 in 2013
Fundamentals are in place for U.S. natural gas prices to recover to “at least” $4.00/MMBtu in 2013, with prices through December averaging $3.50, an energy analyst said last week. The gas supply “inventory overhang is not as bad as was feared,” said another analyst.
Analyst: U.S. Gas Prices ‘At Least’ $4 in 2013
Fundamentals are in place for U.S. natural gas prices to recover to “at least” $4.00/MMBtu in 2013, with prices through December averaging $3.50, Canaccord Genuity said Monday.
Canaccord Genuity: ‘Fundamentals in Place’ For $4 Gas
Robust demand from the power generation sector has helped to rebalance the natural gas market and fundamentals are in place for prices to increase to “at least $4[/Mcf] this winter,” according to Canaccord Genuity analyst John Gerdes.
Canaccord Genuity: ‘Fundamentals in Place’ For $4 Gas
Robust demand from the power generation sector has helped to rebalance the natural gas market and fundamentals are in place for prices to increase to “at least $4[/Mcf] this winter,” according to Canaccord Genuity analyst John Gerdes.
Chesapeake Curtails Gas, Targets Utica, Eagle Ford
Chesapeake Energy Corp., the second largest natural gas producer in the United States, has shut in 1 Bcf/d gross through October, CEO Aubrey McClendon told investors on Wednesday.
Rally Fades With Losses at Nearly All Points
Arrival of some heating load fails to offset recognition of generally weak weather fundamentals.
Northeast Gains Smaller, But All Points Flat to Up
Cash gas prices joined an overall rally in the stock and commodities markets Tuesday with flat to higher showings at all locations. Fundamentals didn’t seem to justify the modest strength as forecasts were seasonal for early August or slightly cooler in many areas, but there was no denying that buyers dominated Tuesday trading.
Baker Hughes: Service Intensity Per Rig Increasing
Driven by sustained intensity in the U.S. onshore and a slow recovery in the Gulf of Mexico (GOM), the domestic rig count should average 1,850 in 2011, which would be 20% higher than in 2010, Baker Hughes Inc. said Monday.