The Phil Flynn Energy Report - The Natural

By
A A A

The natural gas market was edging higher on colder weather forecasts but was thwarted by a historic announcement. The Energy Information Admistration gave pause to natural gas bulls when it reported that US gross natural gas production hit a record high 73.54 billion cubic feet a day in October. That was up 0.4 percent from the month of September that was also upwardly revised and more than the market expected. Now when you couple that with the fact that more pipelines are coming online to get that increased gas production into Henry Hub the longer term expectations for end of season storage has to start risng. So in other words it will be hard to keep gas strong as it is clear that production is on an upward trajectory despite the weakness in price.

Read More on International Business Times



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Commodities

Referenced Stocks:

International Business Times

International Business Times
  • See all for International Business Times
  • View Print Version

More from International Business Times:

Related Videos

Can You Trust CarFax?
Can You Trust CarFax?               

Stocks

Referenced

Most Active by Volume

164,810,018
  • $16.16 ▲ 4.12%
50,233,746
  • $55.89 ▲ 4.66%
38,892,062
  • $37 ▲ 5.35%
36,824,964
  • $35.15 ▲ 1.88%
34,222,883
  • $9.74 ▲ 6.22%
32,620,827
  • $100.58 ▲ 0.01%
29,001,008
  • $30.10 ▼ 0.76%
25,347,187
  • $8.25 ▲ 1.48%
As of 8/21/2014, 04:03 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com