Oversupplied

For nearly two straight years U.S. natural gas output has climbed almost continuously — and 2012 could see even stronger growth, according to the energy team at Raymond James & Associates Inc.

The government of Canada’s top natural gas-producing jurisdiction is braced for a long spell of lean times from oversupplied North American markets.

The government of Canada’s top natural gas-producing jurisdiction is braced for a long spell of lean times from oversupplied North American markets.

Say what you will about storage caverns bloated with gas and an oversupplied U.S. market; when the mercury dropped earlier this month, pipeline imports of Canadian gas as well as liquefied natural gas (LNG) from incoming tankers and terminal-based storage helped to save the day, according to analysts at Barclays Capital.

Say what you will about storage caverns bloated with gas and an oversupplied U.S. market; when the mercury dropped earlier this month, pipeline imports of Canadian gas as well as liquefied natural gas (LNG) from incoming tankers and terminal-based storage helped to save the day, according to analysts at Barclays Capital.

The winter heating season is now ended, but the natural gas market still is oversupplied by more than 4 Bcf/d on stagnant demand and strong year/year supply growth — meaning more shut-ins this summer and deeper declines in gas prices, Raymond James & Associates Inc. said in an energy outlook.

The winter heating season is now ended, but the natural gas market still is oversupplied by more than 4 Bcf/d on stagnant demand and strong year/year supply growth — meaning more shut-ins this summer and deeper declines in gas prices, Raymond James & Associates Inc. said in an energy outlook.

Continental Resources Inc. has asked the Oklahoma Corporation Commission (OCC) to order the state’s natural gas producers to reduce their output in order to relieve the oversupplied domestic gas market.

Abnormally mild U.S. weather over the past year has reduced natural gas demand enough to lead to a modestly oversupplied market, according to Raymond James analysts, who warned for the second time in two weeks that gas prices could hit $10/Mcf by the end of this summer.