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Natural Gas Bulls to Extend Parade Through Summer, Support $3.00 Prices, Analysts Say

From naturalgasintel.com

Robust needs for U.S. exports across Asia, Europe and Mexico – coupled with expectations for another sizzling summer domestically – could keep supply/demand balances tight and upward price pressure firmly in place this summer, industry experts said. {chart} The upbeat outlook developed across an LDC Gas Forums Southeast conference panel moderated Tuesday by NGI’s James Alston, head of commercial sales. It comes on the heels of recent rosy price projections. Independent Commodity Intelligence Services’ James Fowler, energy market development manager, noted that the United States accounts for about 20% of global ... (full story)

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  • Category: Fundamental Analysis