U.S. natural gas supply and demand should continue to be robust through the next 10 to 12 years, but a panel of experts in Los Angeles have different ideas on what this could mean for future prices and volatility.
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Midwest Leads Broad Advance; Futures Hold Early Gains
Physical natural gas for Friday delivery on average rose 2 cents Thursday as most traders elected to put trades to bed prior to the release of typically market-moving storage data from the Energy Information Administration (EIA).
EIA Shuts Down Operations, Furloughs Staff
The U.S. Department of Energy’s (DOE) Energy Information Administration (EIA), one of the few governmental agencies that was able to stay open during the beginning days of the shutdown because it had non-annual funds, said it would cease operations and furlough its staff at the end of the day Friday.
Weak East Sets Up Widespread Losses; Futures Continue Gains
Physical natural gas prices for weekend and Monday delivery eased in Friday’s trading with points in the loss column having a slight edge over those in the win column.
Shutdown Blame Game Hits Oil and Gas
President Obama and congressional Republicans traded accusations Tuesday over who was responsible for slowing or stopping of federal permitting for oil and gas drilling.
Natural Gas Demand to Grow, Even at $6, Says Economist
Mexico and liquefied natural gas exports are expected to contribute to demand by the end of the decade.
Broad Decline Settles In; Traders Await Storage Stats
Natural gas cash and futures bulls took a breather Wednesday.
EIA Bumps 2014 Henry Hub Estimate Up to $4.00/MMBtu
Government agency said it also expects Americans to spend more this winter to heat their homes with natural gas.
Short-Covering, Bullish Models Lift Prices
Physical prices rose for a second consecutive day, while futures climbed higher for a third day.
Natural Gas Supply Overpowering Demand, For Now
U.S. dry gas output continues to expand, but a lot of demand will begin tugging at supplies within a couple of years, according to analysts.