The Marcellus Shale, among other regions, could see persistent ethane rejection until the market comes back into balance, according to analysts at Raymond James & Associates Inc.
Articles from Plumb
Feeding off Monday’s 18.9-cent decline, January natural gas futures continued to plumb lower price levels on Tuesday. The prompt-month contract reached a low of $4.126 before closing the regular session at $4.180, down 3 cents from Monday’s finish.
Natural gas futures bulls are finding that they just can’t catch a break as values continue to plumb new lows for the move. The April contract subtracted more than a dime on Wednesday as bearish projections for Thursday’s storage report meshed with a bearish 2009 Atlantic hurricane forecast from AccuWeather.com.