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Ex-IPAA Chief Economist Looks at Natural Gas Price Rise
In an exclusive interview with Rigzone, Frederick J. Lawrence, the ex-Independent Petroleum Association of America (IPAA) Chief Economist, examined the natural gas price rise on Thursday. “The EIA released its natural gas storage report today … and the weekly build came in below expectations,” Lawrence told Rigzone. “The market anticipated a build of 25-29 billion cubic feet and the actual number was 13 billion cubic feet of additions compared to the previous week. This weekly add-on is significantly below the five year average of 51 billion cubic feet,” he added. “However, it should be noted that total ... (full story)