Jeffrey Jones of the Globe and Mail reported that gas prices on the NYMEX prices are only 14% above last years levels despite drastically reduced inventories following an especially harsh winter season. Forecasters are wondering why prices are not rising more given the need to replenish stockpiles, according to the Globe.
Articles Tagged "natural gas prices"
The Wall Street Journal reported that natural gas futures had their biggest single day gains since February 19 on lower stockpiles.
MarketWatch reported that natural gas futures are up 3 percent today as a result of data showing a bigger-than-expected fall in US supplies.
CNBC reported that according to a study completed by IHS, natural gas prices are likely to remain cheap for "at least the next 20 years." The company anticipates a long-term average annual price of $4 to $5 per million British thermal units.
The Wall Street Journal reported that natural gas futures are ending the week on a high note following forecasts that cold weather will continue in the United States during March.
2014 could hold some challenges for natural gas in North America, but for the most part, prices aren't expected to veer off too far in either direction.
The Wall Street Journal reported that natural gas prices have come down following seven-straight days of gains.
Natural gas futures slipped 1.7 percent as investors cashed in on earlier gains. Elsewhere, Tanzania approved a gas policy while Egypt continued to contemplate policy changes.
TransCanada will be busy in the next few years as it moves ahead with plans to build a $1.5-billion extension to its Northeastern British Columbia pipeline system through its subsidiary, NOVA Gas Transmission.
Sprott US Holdings Chairman Rick Rule tells INN Senior Editor Andrew Topf that the sudden availability of natural gas, derived mostly through hydraulic fracturing, has increased its utility to consumers.