In its July edition of The Advisor, Energy Solutions, Inc. takes an in-depth look at natural gas storage inventories and the potential implications that storage may have on natural gas prices.
The price rally in crude oil was not built on sound fundamental data. As the rally has fizzled, it has helped natural gas prices to move lower.
With natural gas storage inventories refilling at record pace and little sign of a tightening of the supply/demand balance, natural gas prices could very well make a significant low this fall with the front-month falling to below $3 per MMBtu.
Rising LNG imports, rapidly-filling storage inventories, the 4th of July and developing El Niño conditions have set the stage for weaker natural gas prices next week.
History indicates that natural gas prices typically decline during the second half of June and into July 4th and this year is not expected to be an exception as more industrial businesses plan extended downtime during the holiday week.
Drilling efficiencies, increased productivity, and falling costs could create a new price environment for natural gas for the next several years.
An El Niño typically means below-normal tropical storm activity. With record-level storage, moderate weather, and weaker demand, it is just one more factor that is bearish for natural gas prices.
Because bearish fundamentals are taking a backseat to other factors right now, natural gas prices are apt to move higher creating emotional panic buying. However, record-level storage and an oversupplied market will eventually bring some rationale back into the marketplace.
The speculators appear to be at it again. Their interest in UNG, an exchange-traded fund on the NYSE, has been a primary culprit in causing the recent natural gas price rally on the NYMEX.
In the March issue of The Advisor, Energy Solutions, Inc. identifies why natural gas prices could collapse, but warns buyers to not become too complacent.
A Natural Gas Buyer’s Poem
Energy Solutions, Inc. has issued Level 2 of its three-part informational series on natural gas buying designed to help businesses facilitate natural gas buying decisions for 2010 and beyond.
In its most recently monthly edition of The Advisor, Energy Solutions, Inc. explains what is unique about the current drilling rig downturn and why natural gas prices may remain at lower prices even after the economy starts to rebound.
In its most recent analysis, Energy Solutions, Inc. explains why manufacturers should be gearing up to purchase natural gas supplies for 2010 and beyond.
In its most recent analysis, Energy Solutions, Inc. explains why business’ should be gearing up to purchase natural gas supplies for 2010 and beyond.
With expanded content to include information on natural gas pipelines, production, and LNG, The Advisor and its new one-page snap-shot of pertinent pricing data is the answer to saving time and money on your business’ natural gas costs.
With expanded content to include information on natural gas pipelines, production, and LNG, The Advisor and its new one-page snap-shot of pertinent pricing data is the answer to saving time and money on your business’ natural gas costs.
In its most recent analysis, Energy Solutions, Inc. identifies why businesses should prepare for a long-term natural gas buying opportunity that could extend into 2010 and possibly even longer.
In its most recent monthly newsletter, Energy Solutions, Inc. takes an in-depth look at how various fundamentals, as well as policy decisions under the Obama Administration, may impact natural gas prices.