Physical natural gas trading at most points for the week ended Aug. 16 was limited to gains of less than a nickel. Only a handful of points drifted into the loss column, and the biggest gains were limited to the Northeast. Locations in the transportation and infrastructure-challenged Marcellus scored nearly $1 gains, with gas at Transco-Leidy Line rising 86 cents to $2.43 and deliveries on Tennessee Zone 4 Marcellus jumping 86 cents as well to $2.30. Regionally the Northeast led the pack with an advance of 23 cents to $3.19.
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Fitch Sees Natural Gas Range-Bound Between $3.00-4.50
Two weeks after raising its U.S. natural gas price deck due to slightly better fundamentals, analysts with Fitch Ratings on Wednesday made the bold statement that they expect natural gas prices to be rangebound over the “next few years.”
August 19, 2013
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