While market bears are currently in the driver’s seat and appear likely to push near-month futures prices down into the mid-$5s or possibly lower barring a sudden increase in hurricane activity, the bulls clearly have control of the out-months with the spread between October and January futures recently peaking at a whopping $4.70. Some analysts conclude that these spreads are a clear indication that lower prices won’t be around for long.
Possibly
Articles from Possibly
Producers Ready to Evacuate if Ernesto Moves into GOM
As the one-year anniversary of Hurricane Katrina approached, the energy industry was watching a possibly ominous Tropical Storm Ernesto, which was strengthening in the Atlantic Basin.
August 28, 2006
Ammonia Production Facilities Shut Down Due to High Gas Prices
Two more ammonia production companies announced last week they would close down for the month of January and possibly longer due to the high price of natural gas. This follows on the earlier closing by Terra Industries of two of its fertilizer plants.
January 3, 2006
MD Agency Seeks Broad FERC Review of LNG Impact on Distribution Systems
Washington Gas Light (WGL), which serves metropolitan Washington, DC, is not the only natural gas utility to have experienced leaks on its distribution system possibly from high-Btu content liquefied natural gas (LNG), contends a Maryland agency that represents regulated utility ratepayers.
December 30, 2005
Exec Says Kerr-McGee’s Sales Set Stage for Deepwater, Overseas Growth
As it readies itself to become a pure-play exploration and production (E&P) company, Kerr-McGee Corp. has begun due diligence to possibly sell its chemicals unit, while at the same time it is preparing an initial public offering that should be ready by mid-June, according to Dave Hager, senior vice president of E&P.
May 30, 2005
Exec Says Kerr-McGee’s Sales Set Stage for Deepwater, Overseas Growth
As it readies itself to become a pure-play exploration and production (E&P) company, Kerr-McGee Corp. has begun due diligence to possibly sell its chemicals unit, while at the same time it is preparing an initial public offering that should be ready by mid-June, according to Dave Hager, senior vice president of E&P.
May 26, 2005
In Decline, January Natural Gas Breaks From Petroleum
Making a clean break from following the petroleum markets and possibly setting itself up for what is expected to be a bearish storage report Thursday morning, January natural gas futures traded lower on Wednesday.
December 16, 2004
FERC’s Proposal for Daily Storage Reporting Opens Pandora’s Box of Issues
FERC last week opened “Pandora’s Box” when it suggested revising natural gas storage reporting, possibly into a daily format, as industry witnesses last week produced a full spectrum of variations on the theme, both advocating and opposing daily storage reports, questioning costs/benefit and potential accuracy, calling for availability of other current supply-demand information, and/or changing the timing and method of releasing storage information to confound speculators. Several warned against any more upheavals in the energy market right now.
October 4, 2004
Futures Borrow a Few Cents Ahead of Possibly Bearish Storage Report
With what is expected to be a bearish EIA natural gas storage on Thursday, August natural gas futures may have stole a few cents on Wednesday to close at $5.931, up 9.4 cents on the day. Trading on the day was marked with a number of rises and falls, notching a low of $5.86 and a high of $5.95.
July 22, 2004
EEA Sees Tight Gas Market Growing Tighter, Possibly ‘Sustained’ $7 Prices
Propelled by slack production and growing demand from the power generation market, Energy and Environmental Analysis Inc. (EEA) last week said it sees natural gas prices at the Henry Hub averaging near $6.20/MMBtu for the year, and believes there is a good possibility that prices will reach a “sustained” level of $7/MMBtu in 2005.
June 28, 2004
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
