Energy Insights: April 11, 2012
The supply overhang keeps pressuring NG futures lower, and there is greater market consensus that an additional 20%-30% drop is not out of the realm of possibilities.
The supply overhang keeps pressuring NG futures lower, and there is greater market consensus that an additional 20%-30% drop is not out of the realm of possibilities.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas
Natural gas storage is currently at 60% of capacity, and stockpiles will continue to increase through spring. Currently, the natural gas price action has been dictated by technical indicators; however, as we get more information from the inventory expansion rate, fundamentals should push prices lower.
Topics: ERCOT Heat Rates, Acclaim Energy Advisors, energy management consulting, Weekly Energy Insights, natural gas
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