Strong production growth from unconventional natural gas and oil resources — mostly in the United States — will redefine expectations for major economies and rebalance global trade flows, according to BP plc.
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Canaccord Genuity: ‘Fundamentals in Place’ For $4 Gas
Robust demand from the power generation sector has helped to rebalance the natural gas market and fundamentals are in place for prices to increase to “at least $4[/Mcf] this winter,” according to Canaccord Genuity analyst John Gerdes.
Canaccord Genuity: ‘Fundamentals in Place’ For $4 Gas
Robust demand from the power generation sector has helped to rebalance the natural gas market and fundamentals are in place for prices to increase to “at least $4[/Mcf] this winter,” according to Canaccord Genuity analyst John Gerdes.
U.S. Gas Rig Count Decline Signals Rebalance by Year’s End
If North American natural gas drillers continue to lay down rigs at a moderate pace, inventories and price supports should rebalance toward the end of 2009, Barclays Capital energy analysts said last week.
U.S. Gas Rig Count Decline Signals Rebalance by Year’s End
If North American natural gas drillers continue to lay down rigs at a moderate pace, inventories and price supports should rebalance toward the end of 2009, Barclays Capital energy analysts said.
Raymond James: Shut-Ins ‘Likely’ This Summer
Even with a rig count reduction of 800 — which is what’s needed to rebalance the market — natural gas production shut-ins are likely this summer, Raymond James & Associates Inc. analysts said in a note Wednesday.