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With the summer cooling season rapidly approaching, the weekly government storage reports are likely to take on more importance. Natural Gas Price Fundamental Daily Forecast – EIA Storage ...
Gas storage facilities are gaining more importance due to changes in natural gas demands. First, traditional supplies that once met the winter peak demand are now unable to keep pace. Second, there is a growing summer peak demand on natural gas, due to electric generation via gas fired power plants .
We could continue to see two-sided trading today as traders sort out the fundamentals. Lingering storage deficits are underpinning prices, but a steadily rising rig count implies growth in ...
Due to storage issues, the next five storage reports are likely to be eyed closely by traders as they compare the actual numbers to the EIA estimates.
Although Thursday’s U.S. Energy Information Administration weekly storage report is in the way, traders are already looking at the weather forecasts after June 18. This is providing some light ...
The overall fundamental picture outside of the storage deficit is not especially bullish. Natural Gas Price Fundamental Weekly Forecast – Heat Could Return, but Production Will Remain New Record ...
Most gas storage is in depleted gas or oil fields, with the second largest storage capacity being in aquifers, and the smallest in salt caverns. Depleted gas or oil fields are the cheapest to commission, as they take advantage of existing wells, internal distribution systems, and pipeline connections. They are also widely available. [4]
This week will start with investors continuing to wrestle with the storage deficit, rising demand and increased production. At this time, production seems to be meeting demand, thereby, having a ...