Revised projections show less liquefied natural gas (LNG) coming to the United States than analysts at Barclays Capital previously thought. However, domestic production growth has been more robust than they expected. Gas will need to displace coal for power generation in order for the storage injection season to end with about 4 Tcf underground, the analysts said in a recent note.
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Barclays Raises 2010 Price Estimate
Revised projections show less liquefied natural gas (LNG) coming to the United States than analysts at Barclays Capital previously thought. However, domestic production growth has been more robust than they expected. Gas will need to displace coal for power generation in order for the storage injection season to end with about 4 Tcf underground, the analysts said in a recent note.
Technical Buying Vaults Futures Higher; June Gains 15.5 Cents
June natural gas futures put on an impressive show of strength Monday, but neither short-term traders nor analysts who follow the complexities of technical wave analysis are ready to say the bear has gone into hibernation. In active trading June futures rose 15.5 cents to $4.170 and July added 14.7 cents to $4.271. June crude oil rose $1.69 to $76.80/bbl and the Dow Jones Industrial Average gained 405 points to 10,785.
Near-Flat Market Still Shows Downside Bias
Price movement was minuscule either up or down from unchanged Wednesday, but the market continued to show a tendency for modest softness as moderating weather signaled the approaching end of an especially severe winter.
Near-Flat Market Still Shows Downside Bias
Price movement was minuscule either up or down from unchanged Wednesday, but the market continued to show a tendency for modest softness as moderating weather signaled the approaching end of an especially severe winter.
Hefty Storage Pull Factored In; March Seen 4 Cents Lower
March natural gas futures are expected to open 4 cents lower Friday morning at $5.36 as traders discount a government storage report expected to show an above-normal weather-driven storage pull. Overnight petroleum markets weakened.
Hefty Storage Pull Factored In; March Seen 4 Cents Lower
March natural gas futures are expected to open 4 cents lower Friday morning at $5.36 as traders discount a government storage report expected to show an above-normal weather-driven storage pull. Overnight petroleum markets weakened.
Goodrich Says East Texas Gas Wells Ramping Up
Natural gas wells in East Texas continue to show promising initial production (IP) rates, Goodrich Petroleum Corp. said Tuesday.
Bleak Outlook Forecast for Canadian Gas Exports
Canadian exports show signs of confirming a bleak outlook for the supply side of the natural gas trade by continuing to shrink. This view of the market is also supported by the latest International Energy Agency (IEA) annual forecast.
Outlook Bleak for Canadian Exports, Data Show
Canadian exports show signs of confirming a bleak outlook for the supply side of the natural gas trade by continuing to shrink, a view of the market that is also supported by the latest International Energy Agency (IEA) annual forecast.