Despite the Fourth of July weekend typically being the lowest-demand period of the year for many utilities and end-users, the fact that holiday weather would continue to be a scorcher in several regions proved to be sufficient in causing rebounds at a majority of points Friday, as a producer had correctly predicted a day earlier (see Daily GPI, July 1). Thursday’s 5.9-cent futures gain following a modestly bullish storage injection report was an additional cash market booster.
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Bull Run Ends With Losses at All Locations
Likely in anticipation of a holiday weekend that is often the lowest-demand period of the year for many utilities and end-users, prices fell across the board Thursday. The previous day’s fall of 3.9 cents by August futures was an additional, albeit minor, bearish factor for the cash market.
July 1, 2011
Producers Pessimistic on Higher Gas Prices
Capital spending plans by North American producers this year indicate that they expect the lowest natural gas prices since 2004, with $4-6/Mcf being the “sweet spot,” according to a survey by Barclays Capital.
January 17, 2011
Barclays: Producers Pessimistic on Higher Gas Prices
Capital spending plans by North American producers this year indicate that they expect the lowest natural gas prices since 2004, with $4-6/Mcf being the “sweet spot,” according to a survey by Barclays Capital.
January 14, 2011
LNG Imports Hit Year’s Nadir in August
Imports of liquefied natural gas (LNG) marked a large decline in August, reaching their lowest level of the year, according to the latest data available from the Energy Information Administration (EIA).
October 11, 2010
LNG Imports Hit Year’s Nadir in August
Imports of liquefied natural gas (LNG) marked a large decline in August, reaching their lowest level of the year, according to the latest data available from the Energy Information Administration (EIA).
October 11, 2010
Canadian Gas Exports to U.S. Continue Decline
U.S. use of imported natural gas has dropped to its lowest level since 1994, according to a scorecard kept by the Department of Energy (DOE).
May 10, 2010
U.S. Use of Canadian Gas Continues to Decline
U.S. use of imported natural gas has dropped to its lowest level since 1994, according to a scorecard kept by the Department of Energy (DOE).
May 10, 2010
Analysts: Fat Caverns to Thin Producer Wallets
The lowest cash and prompt-month futures natural gas prices of the year are likely still to come as gas storage remains on track to reach record levels by the end of injection season despite a recent tapering of injections, analysts at Barclays Capital warned in a note last week.
August 3, 2009
Analysts: Weaker Prices to Come as Storage Fills
The lowest cash and prompt-month futures natural gas prices of the year are likely still to come as gas storage remains on track to reach record levels by the end of injection season despite a recent tapering of injections, analysts at Barclays Capital warned in a note Tuesday.
July 30, 2009
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