The prospect of a natural gas glut this winter has sent U.S. natural gas prices crashing, leading another investment bank to slash its price forecast for the fourth quarter, this time by 50 cents.
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Barclays Lifts 4Q Natural Gas Price
Barclays Capital has lifted its natural gas price forecast for the final three months of this year to $3.35/MMBtu, up from $3.00. Bank of America Merrill Lynch (BofA) last week also raised its 2013 gas price forecast.
BofA Nudges 2013 Natural Gas Price Forecast Up 25 Cents
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.
Bank of America Joins Peers, Cuts Price Forecast
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.
Bank of America Joins Peers, Cuts 2011 Gas Price Forecast
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.
Deepwater Moratorium May Affect Gas Supplies, Prices
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.
Gas Supplies May be Squeezed by Moratorium
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.
Analysts See $5 Gas for 2010
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.
Analysts Cut 2010 Forecast to $5/MMBtu
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.
Analysts Cut 2010 Forecast to $5/MMBtu
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.