Tag: Natural Gas Prices
Natural gas prices could reach $4.50/MMBtu in 2017 – Ponderosa Energy analysis
Sharp increase in natural gas prices needed to incentivize production growth given the weak crude oil prices In “Natural Gas Leads The Way”, Ponderosa Energy Integrated Analytics expands on the $4.50/MMBtu natural gas price forecast for 2017 theme they presented in May. Two key dynamics continue to support a sharp increase in gas prices: current […]
Speculators betting US natural gas prices on the rise
Natural gas futures for calendar 2017 were trading around $3.05 (Reuters) – U.S. natural gas speculators boosted their net longs for a third consecutive week, betting prices will rise as production eases and power demand picks up to absorb some of the record high amount of fuel left in inventories after a warm winter. Speculators […]
Rig count at historic low, but gas production still high
Fewer rigs but higher production suggests drilling is more efficient There were 94 active natural gas-directed rigs as of March 11, 2016, according to Baker Hughes Inc., a decline of three units from last week, when rigs fell below 100 for the first time in the 29-year rig data history. Natural gas-directed rigs are currently 63 per […]
US markets rise with oil prices and gold glimmers again
Oil prices rise, natural gas prices fall NEW YORK _ U.S. stocks are edging higher in midday trading on corporate earnings news and rising oil prices. Utilities made the biggest gains. Mining companies rose with the price of gold. KEEPING SCORE: The Dow Jones industrial average gained 46 points, or 0.3 per cent, to 16,686 […]
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