Consistent and possibly growing production and moderate demand are bearish indicators and ingredients for a lower pricing environment. But, lower prices have their effects too: higher natural gas to power generation and possibly lower production activity.
Will we continue to see a bounce-around of prices in a relatively stable domain between $2 and $3.50 per MMBtu? Or is there another factor that will break the market out of this range?
Visit this link to download the full Natural Gas Market Indicators report. Topics covered in this week’s report include: Reported Prices, Weather, Working Gas in Underground Storage, Natural Gas Production, Shale Gas, Rig Counts, Pipeline Imports and Exports, and LNG Markets.