Lynch

With natural gas stocks at levels below the seasonal norm after a summer of market rebalancing, analysts at Bank of America Merrill Lynch (BofA) Monday lifted their 2013 average gas price forecast by 25 cents to $3.75/MMBtu.

A “well saturated” market and sustained drilling led Bank of America Merrill Lynch (BofA) last week to join other energy analysts in cutting the price forecast for U.S. natural gas in 2011.

A “well saturated” market and sustained drilling led Bank of America Merrill Lynch (BofA) to join other energy analysts in cutting the price forecast for U.S. natural gas in 2011.

The Gulf of Mexico (GOM) deepwater drilling moratorium could impact natural gas supplies and prices more than oil, Bank of America Merrill Lynch (BofA) said in a new report. Separately some energy analysts last week also lamented the moratorium’s effect not only on energy supplies and related companies, but on the region as well.

The Gulf of Mexico (GOM) deepwater drilling moratorium could impact natural gas supplies and prices more than oil, Bank of America Merrill Lynch (BofA) said in a new report.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.

Bank of America Merrill Lynch analysts cut their 2010 U.S. gas price forecast to an average of $5/MMBtu from $6 on the expectation of rising production from shale plays, which might only be thwarted by even lower prices still, they said.

Looking ahead to the second half of next year, analysts at Bank of America Merrill Lynch see the potential for some gas price recovery. However, the cash market will remain weak for the near term and volatility will be high, they wrote in a recent research note.